India’s Per Capita income is Rs 37490 in 2008-09

July 28, 2009 - Posted by admin

Even in Recession there is some good news for India..,India’s per Capita income has raisen by more than
Rs 4,207 to Rs 37,490.

In the year 2007-08 ,it was 33,283

It has been increase of over Rs 12,000 from the 2005-06 level of Rs 26,003.

For those who do n’t what is meant by Per Capita income Read this

Though Per Capita income has increased this does n’t necessarily mean that poverty  is decreasing.. this may be also due to huge difference between the Rich and Poor.

For E.g

If there are 10 persons  and their total income is Rs10000

then PerCapita income is Rs 1000

But in this group of 10 persons,One Earns 9100 per year whereas all others earn 100 per year..So  in this 9 are in Poverty.This may be also India’s case

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