India’s per capita income remains below pre-Covid level in 2021-22

Jun 1, 2022

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NEW DELHI: India’s annual per capita earnings at fixed costs remained beneath the pre-Covid stage at Rs 91,481 in 2021-22, official knowledge confirmed on Tuesday.
Nevertheless, the per capita earnings based mostly on Web Nationwide Revenue (NNI) at fixed value grew by 7.5 per cent in FY22 over the earlier yr.
The per capita earnings at fixed value was Rs 94,270 in 2019-20 earlier than it dipped to Rs 85,110 in 2020-21 on account of the disruption in financial actions brought on by Covid-19 pandemic and subsequent lockdowns.
At present costs, the per capita earnings rose by 18.3 per cent to Rs 1.5 lakh throughout in 2021-22 fiscal.
The per capita earnings at present costs had dipped to Rs 1.27 lakh in 2020-21 from Rs 1.32 lakh in 2019-20.
The per-capita earnings is a crude indicator of the prosperity of a rustic.



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