India: Per Capita Income up 14.5%

March 8th, 2011
in econ_news

rupee Econintersect:  Data is now in for the financial year 2009-10 and India's per capita income rose by 14.5% to Rs 46,492.  At today's exchange rate, this is $1,013.  There was an extreme divergence between urban and rual populations.   The most recent fiscal year for which the exact data has been broken out (2004-05), the percapita income was Rs 16,327 in rural areas and Rs 44,223 in urban areas.

Follow up:

India has a very high rural population so the income discrepancy effects hundreds of millions of people.  There are a number of reasons why rural India has much poverty, but lack of infrastructure is a major factor.  See GEI Analysis articles by Pravin Krishna, Devashi Mitra and Asha Sundaram and Ejaz Ghani here and here.

Source:  The Times of India and GEI Analysis (links in news brief)

Make a Comment

Econintersect wants your comments, data and opinion on the articles posted.  As the internet is a "war zone" of trolls, hackers and spammers - Econintersect must balance its defences against ease of commenting.  We have joined with Livefyre to manage our comment streams.

To comment, just click the "Sign In" button at the top-left corner of the comment box below. You can create a commenting account using your favorite social network such as Twitter, Facebook, Google+, LinkedIn or Open ID - or open a Livefyre account using your email address.



Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day


Asia / Pacific
Middle East / Africa
USA Government

RSS Feeds / Social Media

Combined Econintersect Feed

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution



  Top Economics Site Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2017 Econintersect LLC - all rights reserved