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India’s Per Capita Income Increased 8.6% in FY18
June 01, 2018
Photo credit: Sudipto_Sarkar on Visualhunt.com /CC BY-NC-ND
As per the latest government data, the per capita income in India increased by 8.6% to nearly Rs. 1.13 lakhs during the financial year 2017-18. In the financial year 2016-17 the same stood at Rs. 1.03 lakhs which were 10.3% higher than the previous fiscal year’s figure i.e. Rs. 94,130.
The per capita income, which is also called the average income, is considered as an important factor in assessing a country’s prosperity.
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