Indians are getting richer!

The per capita income of Indians is growing at an alarming rate. The growth is from 40,605 which was last year to Rs.46,492 this year. The facts/data have been released on Monday.

The Central Statistical Organisation has calculated the new per capita income figures which are based on the current market prices. The per capita income are the earnings of each Indian which is evenly divided among the country’s population which is 1.7billion currently.
Sources reveal that, Per capita income (at 2004-05 prices) stood at Rs 33,731 in FY10 against Rs 31,801 in the previous year, the latest data on national income said.

The size of the economy at current prices rose to Rs 61,33,230 crore (Rs 61,332.30 billion) in the last fiscal, up 16.1 per cent over Rs 52,82,086 crore (Rs 52,820.86 billion) in FY'09.

Based on 2004-05 prices, the Indian economy expanded by 8 per cent during the fiscal ended March 2010. This is higher than 6.8 per cent growth in fiscal 2008-09.

The country's population increased to 117 crore at the end of March 2010, from 115.4 crore (1.154 billion) in fiscal 2008-09.

Source: Rediff.com/business.