In contrast, Meyer and Birdsall and Tim Light used a different survey and estimated the number of Middle-Income population to be about 70 million in 2009-2010. Using World Bank's definition of middle income families to be those with per capita income between $10 to $50 per day, the National Council of Applied Economic Research of India completed a survey and concluded there were 153 million people who belonged to middle income group in 2006. Įstimates for average household income and the size of India's middle income households vary by source. India had a total of 247 million households in 2011, with an average of about 4.9 people per household, according to Census of India. While India's per capita incomes were low, the average household size and consequent household incomes were higher. Goa had the highest per capita PPP GDP at US$14,903, while Bihar the lowest with per capita PPP GDP of US$682 as of 2015 In rupee terms, India's per capita income grew by 10.4% to reach Rs.74,920 in 2013-14. For example, India's average GDP per capita on PPP basis in 2009, according to The Economist, was US$5,138, with significant variation among its states and union territories. Other estimates for per capita gross national income and gross domestic product vary by source. India's nominal per capita income was US$1,670 per year in 2016, ranked 112th out of 164 countries by the World Bank, while its per capita income on purchasing power parity (PPP) basis was US$5,350, and ranked 106th. India's per capita income was ₹1,03,000, representing a rise of 9.3% over the previous year. This represented a growth rate of 10% over the previous year. It is expected to grow at the rate of 6.8% this is slower than its previous growth. India's per capita income is expected to be ₹135,050 (US$1,800). On the other hand, the NNI of a country is equal to its GNI net of depreciation.įinancial year data 2019-2020
#Average salary in india in rupees plus
While GNI and NNI are both indicators for a country's economic performance and welfare, the GNI is related to the GDP or the gross domestic product plus the net receipts from abroad, including wages and salaries, property income, net taxes and subsidies receivable from abroad. The same year, GNI growth rate at constant prices was around 6.6 percent. In contrast, the gross national income at constant prices stood at over 128 trillion rupees. The per-capita income is a crude indicator of the prosperity of a country.
As an overview, India's per capita net national income or NNI was around 135 thousand rupees in 2020. Income in India discusses the financial state in India.
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