Per capita Income: India and its states
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The CSO projections on national income are in line with the RBI's estimates, which too had lowered the GDP growth prospects to 7.1%. | The CSO projections on national income are in line with the RBI's estimates, which too had lowered the GDP growth prospects to 7.1%. | ||
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| + | ==The 3 richest, 3 poorest states== | ||
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| + | [http://epaperbeta.timesofindia.com/Article.aspx?eid=31808&articlexml=STATOISTICS-WHAT-A-DELHIITE-EARNS-IN-1-YEAR-28072017009023|STATOISTICS - WHAT A DELHIITE EARNS IN 1 YEAR A PERSON IN BIHAR EARNS IN 9 YEARS|Jul 28 2017 : The Times of India (Delhi)] | ||
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| + | TWO STATES: THE GREAT INDIA DIVIDE I | ||
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| + | Economic disparities in India are wide and deep. We will explore different facets of it, starting with per capita income. Measured in purchasing power parity terms, Delhi's per capita Net State Domestic Product (NSDP) is higher than countries like Brazil, China and South Africa. Bihar, in contrast, has the lower income level of the poorest African countries like Kenya, Cameroon, Tanzania and Senegal | ||
| + | [[File:per capita income.png||frame|500px]] | ||
Revision as of 15:44, 13 September 2017
This is a collection of articles archived for the excellence of their content. |
Contents |
India and the world
2008-13: Vis-à-vis Brazil, China, Russia
CHINA'S POOREST GETTING RICHER 3 TIMES FASTER THAN INDIA'S POOREST Oct 07 2016 : The Times of India
India also witnessed slower growth among the bottom 40%.
India's economy might be growing at a faster rate than many developed nations, but at per capita level, its growth rate of income is the lowest among emerging economies. A recent report by the World Bank shows that between 2008 and 2013, per capita income in China grew at 8.23% for overall population and 8.87% for the poorest 40%. India, however, not only witnessed a slower overall growth in comparison, but also a 2.7 times slower growth among the bottom 40%, indicating slugging closing of the inequality gap.
2016, India’s poorest 40% vis-à-vis other countries
[ The Times of India]
With an average daily income of Rs 30 per day, India's bottom 40% in income terms is among the poorest in the world. Comparably, the poorest 40% in Norway earn the equivalent of Rs 652 per day. Even lower than India at the poorest level is the segment in Democratic Republic of Congo, with an average daily income equivalent to Rs 10
Trends, state-wise
Per Capita Income: Delhi
Per capita income up, and highest
December 17, 2014
The per capita annual income in the capital has increased to Rs 2.19 lakh in 2013-14 as compared to Rs 1.92 lakh in 2012-13, which is the highest among the major states.
The per capita income of people in Delhi at current prices without factoring in inflation has been estimated at Rs 2,19,979 which is a rise of Rs 27,392 from Rs 1,92,587 in 201112, according to Delhi government statistics.
According to report, there were around 39.54 lakhs domestic electricity consumers during 2013-14. The total consumers are 48.97 lakhs.
As regards water, per capita consumption in the city is 48 gallons per day with 16, 02,099, metered and 4,69,705 un-metered connections. The generation of water was 855 MGD in 2013.
Per capita incomes of states, 2013-15
The Times of India, Apr 20 2017
See graphic.: The per capita income of Indian states compared with countries at the same level, 2013-15
Using the yardstick of per capita income to compare the quality of life in Indian states with life in other countries, it is fairly clear that a significant chunk of the Indian states can be placed alongside some of the poorest nations of the world
Per capita income of Indian states: vis-à-vis other countries/ 2014
INDIA VS BHARAT OR CHINA VS SIERRA LEONE?
STATOISTICS
The Times of India Jul 27 2014
India's states are at very different levels of income.
To illustrate just how different they are, The Times of India compared the per capita incomes of Indian states with other countries to find their closest income equivalent in the world.
None of the Indian states comes close to the advanced economies. At best, Delhi could match China. Bihar's per capita income, on the other hand is closest to Sierra Leone's.
All incomes--India and other countries--are in PPP dollars, which measure currencies against each other based on how much a unit of any currency can buy in its home market.
This gives a more accurate picture of income levels than a conversion at market exchange rates.
Trends, year-wise
2016-17, to cross Rs.1 lakh
India's FY17 per capita income to cross Rs 1 lakh, Jan 07 2017: The Times of India
India's per capita income, a gauge for measuring living standard, is estimated to cross Rs 1 lakh in 2016-17, up from Rs 93,293 in 2015-16.
According to the Central Statistics Office (CSO), the per capita net national income during 2016-17 is “estimated to be Rs 103,007“ at current prices.This is higher by 10.4% compared to Rs 93,293 during 2015-16.
“The per capita income in real terms (at 2011-12 prices) during 2016-17 is likely to be Rs 81,805 as compared to Rs 77,435 for the year 2015-16,“ the estimates said.
At constant prices, the growth rate in per capita income is estimated at 5.6% during 2016-17, as against 6.2% in the previous year. The CSO said India's GDP is expected to slow down to 7.1% during 2016-17 from 7.6% in the previous fiscal mainly due to slump in manufacturing, mining and construction activities. The CSO did not figure in the impact of demonetisation, effected on November 9 and the estimates are based on sectoral data available till October.
The CSO projections on national income are in line with the RBI's estimates, which too had lowered the GDP growth prospects to 7.1%.
The 3 richest, 3 poorest states
TWO STATES: THE GREAT INDIA DIVIDE I
Economic disparities in India are wide and deep. We will explore different facets of it, starting with per capita income. Measured in purchasing power parity terms, Delhi's per capita Net State Domestic Product (NSDP) is higher than countries like Brazil, China and South Africa. Bihar, in contrast, has the lower income level of the poorest African countries like Kenya, Cameroon, Tanzania and Senegal
