Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
News18 English
News18 » Business
1-min read

India's Per Capita Income Grows 8.6% to Rs 1.13 lakh in 2017-18

In real terms, calculated at constant prices with base 2011-12, the per capita income grew by 5.4 per cent to Rs 86,668 in 2017-18 as compared to Rs 82,229 in 2016-17.

PTI

Updated:May 31, 2018, 7:36 PM IST
facebookTwitterskypewhatsapp
India's Per Capita Income Grows 8.6% to Rs 1.13 lakh in 2017-18
Image for representative purposes only.
Loading...

New Delhi: India's per capita income grew at a slower pace of 8.6 per cent to Rs 1,12,835 during the last fiscal ended March 2018, official data showed on Thursday.

The per capita net national income in 2016-17 stood at Rs 1,03,870, witnessing a growth of over 10.3 per cent from the preceding fiscal ended March 2016 (at Rs 94,130).

"The per capita income at current prices during 2017-18 is estimated to have attained a level of Rs 1,12,835 as compared to the estimates for the year 2016-17 of Rs 1,03,870, showing a rise of 8.6 per cent," showed the provisional estimates of annual income, 2017-18 released by the Ministry of Statistics and Programme Implementation (MOSPI).

The per capita income is a crude indicator of the prosperity of a country.

In real terms, calculated at constant prices with base 2011-12, the per capita income grew by 5.4 per cent to Rs 86,668 in 2017-18 as compared to Rs 82,229 in 2016-17. "The growth rate in per capita income is estimated at 5.4 per cent during 2017-18, as against 5.7 per cent in the previous year," the release said.

The country's gross national income (GNI) at current prices witnessed a rise of about 10 per cent at Rs 165.87 lakh crore during 2017-18 as against Rs 150.77 lakh crore during 2016-17.

While on real terms (with 2011-12 base year), the GNI increased at a slower rate of 6.7 per cent to Rs 128.64 lakh crore in fiscal ended March 2018, as against the previous year's estimate of Rs 120.52 lakh crore. For fiscal ended March 2017, the real term GNI grew by 7.1 per cent.

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

Subscribe to Moneycontrol Pro and gain access to curated markets data, trading recommendations, equity analysis, investment ideas, insights from market gurus and much more. Get Moneycontrol PRO for 1 year at price of 3 months. Use code FREEDOM.

Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp
Most Active
Company Price Change %Gain
LIC Housing Fin 421.75 -8.99
Indiabulls Hsg 483.55 -7.26
Yes Bank 62.30 -4.74
DLF 142.60 -16.90
Britannia 2,384.50 -0.38
Company Price Change %Gain
LIC Housing Fin 421.40 -9.12
Yes Bank 62.30 -4.74
DLF 142.35 -17.05
Tata Steel 337.55 -1.60
Indiabulls Hsg 443.75 -8.10
Top Gainers
Company Price Change %Gain
Britannia 2,449.00 2.70
ITC 245.00 1.47
Dr Reddys Labs 2,535.10 1.28
HUL 1,868.95 1.02
GAIL 122.85 0.29
Company Price Change %Gain
ITC 245.05 1.43
HUL 1,868.05 0.98
Bharti Airtel 355.70 0.30
Larsen 1,313.00 0.21
TCS 2,188.90 0.14
Top Losers
Company Price Change %Gain
Indiabulls Hsg 443.75 -8.23
Yes Bank 62.30 -4.74
Vedanta 135.85 -2.93
Bajaj Finserv 6,938.50 -2.90
Adani Ports 341.10 -2.74
Company Price Change %Gain
Yes Bank 62.30 -4.74
Vedanta 135.30 -3.29
ONGC 118.60 -2.10
IndusInd Bank 1,341.90 -1.76
Tata Motors 110.80 -1.34

Live TV

Loading...
Countdown To Elections Results
To Assembly Elections 2018 Results