This chart shows claim settlement ratio of life insurance companies... Read On
MEMBER'S LOGINX
| Login Failure | ||||||||
|
||||||||
| Sign Up | Forgot Password? | ||||||||
- Home
- The 5 Minute WrapUp
- Chart Of The Day
- Per Capita Income in India To Cross Rs 1 lac Mark
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, China...in 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, Economictimes.com
This Chart Of The Day was published in The 5 Minute WrapUp - What's on Your Investing Platter?
Our Most Popular Charts
This chart shows the top 5 countries in terms of improvement in HDI over past 2 decades... Read On
-equitymaster.gif "The top 10 year multibagger stocks")
The chart shows the top 20 multibagger stocks over the past decade.... Read On
This chart shows the persistency rate of insurance policies.... Read On
Market Indices are touching a record high. Time to tread cautiously.... Read On
OTHER USEFUL LINKS
MARKET STATS
ABOUT EQUITYMASTER
Since 1996, Equitymaster has been the source for honest and credible opinions on investing in India. With solid research and in-depth analysis Equitymaster is dedicated towards making its readers- smarter, more confident and richer every day. Here's why hundreds of thousands of readers spread across more than 70 countries Trust Equitymaster.
FREE NEWSLETTERS
PREMIUM PRODUCTS
QUICK LINKS
APPS
FOLLOW
Copyright © Equitymaster Agora Research Private Limited.
Whitelist | Refer | Terms | Privacy | Contact | About | Sitemap
Equitymaster Agora Research Private Limited (Research Analyst) 103, Regent Chambers, Above Status Restaurant, Nariman Point, Mumbai - 400 021. India.
Telephone: +91-22-61434055. Fax: +91-22-22028550. Email: info@equitymaster.com. Website: www.equitymaster.com. CIN:U74999MH2007PTC175407
All rights reserved. Any act of copying, reproducing or distributing this newsletter whether wholly or in part, for any purpose without the permission of Equitymaster is strictly prohibited and shall be deemed to be copyright infringement.
LEGAL DISCLAIMER: Equitymaster Agora Research Private Limited (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research Company. Equitymaster is not an Investment Adviser. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and Equitymaster will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein. Information contained herein does not constitute investment advice or a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual subscribers. Before acting on any recommendation, subscribers should consider whether it is suitable for their particular circumstances and, if necessary, seek an independent professional advice. This is not directed for access or use by anyone in a country, especially, USA, Canada or the European Union countries, where such use or access is unlawful or which may subject Equitymaster or its affiliates to any registration or licensing requirement. All content and information is provided on an 'As Is' basis by Equitymaster. Information herein is believed to be reliable but Equitymaster does not warrant its completeness or accuracy and expressly disclaims all warranties and conditions of any kind, whether express or implied. Equitymaster may hold shares in the company/ies discussed herein. As a condition to accessing Equitymaster content and website, you agree to our Terms and Conditions of Use, available here. The performance data quoted represents past performance and does not guarantee future results.
SEBI (Research Analysts) Regulations 2014, Registration No. INH000000537.
Equitymaster requests your view! Post a comment on "Per Capita Income in India To Cross Rs 1 lac Mark". Click here!
Comments are moderated by Equitymaster, in accordance with the Terms of Use, and may not appear
on this article until they have been reviewed and deemed appropriate for posting.
In the meantime, you may want to share this article with your friends!