India has come a long way in terms of its per capita income at the beginning of the 2000s. In 2001, Indiaβs per capita income/GDP was $460, which increased to $1,413 in fiscal 2011 and then to
Per capita income or output per person is an indicator to show the living standard of people in a country. It is obtained by dividing the national income by the population of a country. Per capita Income = N a t i o n a l I n c o m e P o p u l a t i o n
India's per capita income is likely to grow by nearly 70 per cent to USD 4,000 by FY 2030 from USD 2,450 in fiscal 2023, helping it become a middle-income economy with USD 6-trillion GDP, stated a report. 3. Using the Formula: Apply the formula for income per capita: Income per capita = Total Income / Population. 4. Calculation: Divide the total income by the population to get the income per capita. The resulting value represents the average income earned by each individual in that country or region. . 22 156 79 381 20 61 397 340