 "A bank officer in Jammu displays a bunch of new ~2000 notes, while customers queue up to withdraw cash. Photo: PTI")
India's per capita net national income is expected to rise 10.2 per cent to Rs 103,818 in the current financial year, government data showed on Tuesday.
The per capita national income during 2015-16 stood at Rs 94,178, an increase of 8.9 per cent from the previous financial year.
"The per capita net national income during 2016-17 is estimated to be Rs 103,818 showing a rise of 10.2 per cent as compared to Rs 94,178 during 2015-16 with the growth rate of 8.9 per cent," as per data on Second Advance Estimates of National Income, 2016-17.
The data was released by the Ministry of Statistics and Programme Implementation.
In real terms, the per capita income (at 2011-12 prices) during the current fiscal is likely to attain a level of Rs 82,112, compared with Rs 77,524 for 2015-16.
"The growth rate in per capita income is estimated at 5.9 per cent during 2016-17, as against 6.6 per cent in the previous year," the ministry said.
The Gross National Income (GNI) at 2011-12 prices is estimated at Rs 120.28 trillion for 2016-17, up 7.2 per cent from Rs 112.22 trillion estimated for 2015-16.
