Per Capita Income in India To Cross Rs 1 lac Mark - Chart Of The Day 21 March 2016 - Equitymaster

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2019 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.

Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks


Login Failure
(Please do not use this option on a public machine)
  Sign Up | Forgot Password?  

Per Capita Income in India To Cross Rs 1 lac Mark
Mar 21, 2016

In a nation where population crosses a billion mark, per capita income is an important metric to track. If the statistics are anything to go by, we aren't doing that bad. We are likely to touch the threshold of Rs 1 lac per person soon, given the GDP growth assumption and expected growth in population.

The data is heartening. But statistics hardly tell enough in absolute terms. If you compare with other nations, India has a long way to go. This is because on GDP per capita basis, India ranks quite low when compared to economies like USA, fact lower than Indonesia and South Africa (Source: World Bank, 2014).

Further, as an article in Economic Times suggests, it does not reflect the disparity in incomes across different classes. There is a huge gap in the standard of living between urban and rural India that needs to be bridged. Not to mention that these levels do not give even an average urban Indian enough comfort to buy basic need - makaan for himself. As an investor, we would suggest you to be very cautious before arriving at conclusions on macroeconomic picture on the basis of such statistics.

Data source: Mospi,

This Chart Of The Day was published in The 5 Minute WrapUp - What's on Your Investing Platter?

Equitymaster requests your view! Post a comment on "Per Capita Income in India To Cross Rs 1 lac Mark". Click here!


Our Most Popular Charts

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2019
Get our special report, How to Beat Sensex Nearly 3X Now!
We will never sell or rent your email id.
Please read our Terms