India’s Per-Capita Income Rises 6.8% To Rs 11,254 A Month In FY20
The country's per-capita monthly income is estimated to have risen by 6.8 percent to Rs 11,254 during 2019-20, government data on national income showed on Tuesday.
In 2018-19, the monthly per-capita income had stood at Rs 10,534.
"The per-capita net national income during 2019-20 is estimated to be Rs 1,35,050 showing a rise of 6.8 percent as compared to Rs 1,26,406 during 2018-19 with the growth rate of 10.0 percent," according to the annual national income and gross domestic product 2019-20 data released by the Ministry of Statistics and Programme Implementation.
The per-capita income is a crude indicator of the prosperity of a country.
Poor performance of manufacturing and construction sectors is estimated to pull down the country's economic growth to 11-year low of 5 percent in 2019-20, according to first advance estimates of the national income released by the National Statistical Office.