Despite slowdown in GDP Growth Rate India’s per capita income is estimated to increase by a sluggish 2.9 percent to Rs. 39,143 in the year ending March 31 as compared to Rs.38,037 in the previous year.
According to data released by the Central Statistics Office (CSO), the per capita income in real terms (at 2004-05 prices) during 2012-13 is likely to remain at Rs.39,143 as compared to the Rs.38,037 registered in 2011-12.
“The growth rate in per capita income is estimated at 2.9 percent during 2012-13, as against the previous year’s estimate of 4.7 percent,” the CSO said.
At current prices, per capita income in 2012-13 is estimated to be Rs.68,747 as compared to Rs.61,564 registered in the previous year, showing an increase of 11.7 percent.