India’s per capita income likely to be about 82,000/- in current fiscal

ndia’s per capita income likely to be about 82,000/- in current fiscal

AS per the latest CSO report, India’s per capita income in real terms (at 2011-12 prices) during 2016-17 is likely to attain a level of Rs. 81805 as compared to Rs. 77,435 for the year 2015-16. The growth rate in per capita income is estimated at 5.6 per cent during 2016-17, as against 6.2 per cent in the previous year.

National Income

The nominal Net National Income (NNI), also known as national income (at current prices) is likely to be Rs. 133.81 lakh crore during 2016-17, as against Rs. 119.69 lakh crore for the year 2015-16. In terms of growth rates, the national income registered a growth rate of 11.8 per cent in 2016-17 as against the previous year’s growth rate of 8.7 per cent.

Private Final Consumption Expenditure

Private Final Consumption Expenditure (PFCE) at current prices is estimated at Rs. 89.72 lakh crore in 2016-17 as against Rs. 80.78 lakh crore in 2015-16. At constant (2011-12) prices, the PFCE is estimated at Rs. 67.13 lakh crore in 2016-17 as against Rs. 63.01 lakh crore in 2015-16. In terms of GDP, the rates of PFCE at current and constant (2011-12) prices during 2016-17 are estimated at 59.1 per cent and 55.2 per cent, respectively, as against the corresponding rates of 59.5 per cent and 55.5 per cent, respectively in 2015-16.

Government Final Consumption Expenditure

Government Final Consumption Expenditure (GFCE) at current prices is estimated at Rs. 18.61 lakh crore in 2016-17 as against Rs. 14.39 lakh crore in 2015-16. At constant (2011-12) prices, the GFCE is estimated at Rs. 13.95 lakh crore in 2016-17as against Rs. 11.27 lakh crore in 2015-16. In terms of GDP, the rates of GFCE at current and constant (2011-12) prices during 2016-17 are estimated at 12.3 per cent and 11.5 per cent, respectively, as against the corresponding rates of 10.6 per cent and 9.9 per cent, respectively in 2015-16.

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