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India's Per Capita Income Rises 7.4% To Rs 93,293 In 2015-16

India's per capital income rose 7.4 per cent to Rs 93,293 in 2015-16, compared to Rs 86,879 in the preceding fiscal year, government data showed on Tuesday.
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India's Per Capita Income Rises 7.4% To Rs 93,293 In 2015-16
New Delhi: India's per capital income rose 7.4 per cent to Rs 93,293 in 2015-16, compared to Rs 86,879 in the preceding fiscal year, government data showed on Tuesday.

"The per capita income at current prices during 2015-16 is estimated to have attained a level of Rs 93,293 as compared to the First Revised Estimate for the year 2014-15 of Rs 86,879 showing a rise of 7.4 per cent," according to data on Provisional Estimates of Annual National Income and Quarterly Estimates of Gross Domestic Product 2015-16.

The data was released by the Ministry of Statistics and Programme Implementation.

Per capita income is a broad indicator of prosperity. 

In real terms, the per capita income (at 2011-12 prices) during 2015-16 is estimated to have attained a level of Rs 77,435, up 6.2 per cent from Rs 72,889 for the year 2014-15.

The gross national income (GNI) at 2011-12 prices is now estimated at Rs 112.13 lakh crore as against Rs 112.14 lakh crore estimated earlier for 2015-16.

In 2014-15, it was at Rs 104.28 lakh crore.

"In terms of growth rates, the gross national income is estimated to have risen by 7.5 per cent during 2015-16, in comparison to the growth rate of 7.3 per cent in 2014-15." 

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