A worker arranges watermelons at a wholesale fruit market in Hyderabad. Photo Courtesy: AP
A worker arranges watermelons at a wholesale fruit market in Hyderabad. Photo Courtesy: AP

Per capita income rises to Rs 43,749 this fiscal

Mon-Feb 08, 2010

New Delhi / Press Trust of india

The average income of an Indian is expected to rise to Rs 43,749 during the current fiscal, 9 per cent more than the per capita income a year ago, with the economy growing 7 per cent plus in 2009-10.

The per capita income, an indicator of collective prosperity, was Rs 40,141 in 2008-09, higher by 13.3 per cent recorded in the year ago period, according to the Central Statistical Organisation's (CSO) advance estimates.

The lower growth rate in 2009-10 is partly because of poor exports as outward shipments add to the net national income while imports reduce it.

Contribution of exports to the economy during 2009-10 is estimated to fall to 18.6 per cent from 23.5 per cent a year ago.

The global financial crisis pulled down India's economic growth to 6.7 per cent in 2008-09 from over nine per cent a year ago. However, during the current fiscal the growth rate, driven by fiscal and monetary stimulus, is likely to be 7.2 per cent.

As regards the population, the CSO estimates that it would go up from 1.15 billion to 1.17 billion during 2009-10, registering an annual increase of 1.38 per cent.

After taking inflation into account, per capita income is estimated to grow by 5.4 per cent at Rs 33,540 this fiscal against Rs 31,821 during 2008-09.

Last fiscal, it grew by 5 per cent.
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