Per Capita Income

Haryana's per capita income at Rs 3 lakh, but 70% are below poverty line

Data shows that around 7.5 million people have fallen into poverty in the past two years. However, this figure may not fully reflect Haryana's poverty situation due to registration limitations

India's per capita to income to increase by $2,000 over 5 years: Sitharaman

Speaking at Kautilya Economic Conclave, Finance Minister Nirmala Sitharaman noted that while it took the country 75 years to achieve a per capita income of $2,730, the next leap will be much faster

U'khand GSDP up 1.3 times in 20 months, per capita income at Rs 2.6 lakh

Uttarakhand's Gross State Domestic Product (GSDP) has increased by 1.3 times in the last 20 months, the state government said on Wednesday. New policies brought by the state government, amendments in the old ones besides employment and self-employment programmes underway have contributed to the GSDP growth, Secretary energy, housing and planning R Meenakshi Sundaram said at a press conference. The per capita income of the state in 2021-22 was Rs 2,05,000, which rose to Rs 2,60,000 in 2023-24, he said, adding that the per capita income of the state increased by 26 per cent in the last two years, which is better than the national average. The per capita income at the national level has increased from Rs 1,50,906 to Rs 1,84,000 in two years, registering an increase of 20 per cent during the period, he said. According to the central government's Periodic Labor Force Survey, the labor force participation rate in the age group of 15 to 29 in the state was 43.7 per cent in 2022-23, which

Europe, Asia dominate list of top 10 nations in 2024 by GDP per capita

Advanced economies are projected to experience a slight uptick in growth, moving from 1.6 per cent in 2023 to 1.7 per cent in 2024 and 1.8 per cent in 2025

Purvodaya scheme for 5 states: Will the sun finally shine on the east?

A comparative look at the five states in the Purvodaya scheme

Need to become a $30 trn economy with $18,000 per capita income: NITI paper

India needs to strive to be a USD 30 trillion economy with a per capita income of USD 18,000 per annum by 2047, the approach paper for vision for Vikshit Bharat in 2047 has said. NITI Aayog in a paper titled 'Vision for Viksit Bharat @ 2047:An Approach Paper' said India needs to avoid the Middle-Income trap and carefully work towards breaking out of it. "As for the economy, to become a developed nation, we need to strive to be a USD 30 trillion economy by 2047 with a per capita income of USD 18,000 per annum. "The GDP would have to grow nine times from today's USD 3.36 trillion and the per capita income would need to rise 8 times from today's USD 2,392 per annum," it said. The paper also noted that progressing from a middle-income to a high-income level requires sustained growth in the range of 7-10 per cent for 20-30 years and very few countries have managed to do this. Defining the concept of Vikshit Bharat, the paper said it is a Bharat which will have all the attributes of a ..

India likely to have highest per-capita income growth, says report

Study pegs growth at 5.4% during 2024-33

Residential real estate prices in India to go up 4-6% this year: Report

Rising per capita income, moderating inflation, stable commodity prices to support demand, it says

Record household debt: Loans outpace deposits for 3rd year in a row

Debt higher than many BRICS peers, at lower per capita GDP

Delhi per capita income rises by 22%, economy to grow at 9.17% in FY24

Delhi's per capita income increased by 22 per cent in two years to Rs 4.61 lakh in 2023-24, Finance Minister Atishi said on Friday while projecting a 9.17 per cent economic growth for the current financial year. Tabling the Economic Survey for 2023-24 in the Assembly, the Delhi finance minister said the city's economy has grown at a record pace despite hurdles created by the Centre, LG and officers in the work of the Kejriwal government. Atishi said that the Gross State Domestic Product (GSDP) of Delhi at current prices is likely to reach Rs 11,07,746 crore in 2023-24 with a growth of 9.17 per cent. "The GSDP of Delhi in 2022-23 was Rs 10,14,000 crore. In post-COVID times, our real GSDP grew at 8.76 per cent in 2021-22 and 7.85 per cent in 2022-23, faster than the rest of the country," she said. Delhi's contribution to the national GDP is nearly 4 per cent despite its population being just 1.5 per cent of the total population of the country, she said. Atishi said that the Delhi ..

Consumption survey: No definitive trend yet

The monthly per capita expenditure data points to shifts in consumption, but it should not be used for reconfiguring the Consumer Price Index

FY24 per capita income growth may be lowest in 21 years barring FY20, FY21

This was despite the real gross domestic product (GDP) being projected to grow by 7.3 per cent in the current financial year by the first advance estimates

Rise in per capita income: Delhi CM lauds efforts of Delhiites, govt

Chief Minister Arvind Kejriwal on Sunday credited the increase in Delhi's per capita income to the hard work and joint efforts of two crore Delhiites and the city government. Delhi's per capita income increased from Rs 3,89,529 to Rs 4,44,768 in the current financial year, which is 158 per cent higher than the national average, the Kejriwal government said on the release of its Statistical Handbook-2023 on Saturday. The handbook containing data on socio-economic parameters of the national capital was released by the Economic and Statistics department of the Delhi government. Kejriwal said much more needs to be done by the government. "This is a huge increase in per capita income in any state in any single year. It has been achieved by the hard work of 2 cr Delhiites and Del govt working together day and nite. Many innovative and forward looking steps have been taken in last nine years. But much more needs to be done. Miles to go before I sleep!" he said in a post on X. Despite var

Delhi's per capita income rises over 14% to Rs 444,768, shows data

Delhi's per capita income increased from Rs 3,89,529 to Rs 4,44,768 in the current financial year, which is 158 per cent higher than the national average, Kejriwal government said on the release of its Statistical Handbook-2023 on Saturday. The handbook containing data on socio-economic parameters of the national capital was released by the Economic and Statistics department of the Delhi government. Despite various obstacles, the Kejriwal government has established new benchmarks in the public services sector in 2023, Planning Department Minister Atishi said on the release of the statistical handbook. The Kejriwal government significantly improved public transportation services in the capital, with an average of 41 lakh passengers commuting daily on buses in 2023. Delhi is leading the electric vehicle revolution in the country and the city currently has 7,200 buses on the streets, including 1,300 electric buses, she said. Compared to 2021-22, the number of electricity consumers in

'Discontents' notwithstanding, India has done well in last quarter century

While India should be concerned about disparities, the fact is that whereas three decades ago about half the people had incomes greater than $2.15 a day, today seven out of eight do, writes T N Ninan

A coming-out party: Olympics, development and a statement to the world

If Ahmedabad is India's preferred candidate, as seems likely, hosting Olympics 2036 should give it a leg up: A bigger airport, a better metro network, more hotels, flyovers and so on, writes T N Ninan

Everything you need to know about Telangana before Assembly elections 2023

Telangana has the highest per capita income among all Indian states

What is a developed country, a status India is aiming to achieve by 2047?

PM Modi, in his Independence Day speech on Tuesday, also said that India would become the third-largest economy during his third term

Top headlines: Gangwal to sell IndiGo shares, India Inc's Q1 result review

Business Standard brings you the top headlines at this hour

Indian per capita income to grow sevenfold by FY47, says SBI Research

The buoyancy in the number of tax filers earlier not reporting income also contributed to the upward push