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India's Per Capita Income Rose To Rs 10,534 A Month In FY19

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The country's per-capita income, that is the average income earned per persom, is estimated to have risen by 10 percent to Rs 10,534 a month during the financial year 2018-19, according to government data released on Friday.

In 2017-18, the monthly per-capita income stood at Rs 9,580.

India's Per Capita Income Rose To Rs 10,534 A Month In FY19
 

"The per-capita income at current prices during 2018-19 is estimated to have attained a level of Rs 1,26,406 (Rs 10,533.83 monthly) as compared to the estimated for the year 2017-18 of Rs 1,14,958 ( Rs 9,579.83 a month), showing a rise of 10%," the annual national income and GDP data released for the FY19 on Friday by the Ministry of Statistics and Programme Implementation (MoSPI) said.

The per-capita income is one of the main indicators of prosperity of a country.

The data further said that the gross national income (GNI) at current prices is estimated at Rs 188.17 lakh crore during 2018-19, as against Rs 169.10 lakh crore the year before, rising by 11.3 percent.'

India's gross domestic product (GDP) is estimated to have slowed to a five-year low of 5.8 percent in the January-March 2019 quarter, mainly due to poor performance in the farm and manufacturing sectors.

The growth in GDP was slowest since 2014-15. The previous low was since at 6.4 percent in 2013-14.

For the whole of 2018-19, the economic growth is estimated at 6.8 percent in comparison to 7.2 percent in the previous year.

Read more about: per capita income
Story first published: Saturday, June 1, 2019, 17:04 [IST]
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