Govt expects 10% rise in the per capita income in FY17

The Dollar Business Bureau

The government data on Tuesday showed that India's per capita net national income is likely to increase 10.2% to Rs.103,818 in the fiscal 2016-17.

During the fiscal 2015-16, the country’s per capita national income was Rs.94,178, a  rise of 8.9% compared to the previous fiscal.

“The per capita net national income during 2016-17 is estimated to be Rs.103,818 showing a rise of 10.2% as compared to Rs.94,178 during 2015-16 with the growth rate of 8.9%,” according to the data on Second Advance Estimates of National Income, 2016-17, released by the Statistics and Programme Implementation Ministry.

In real terms, at 2011-12 prices, the per capita income during this fiscal is expected to reach a level of Rs.82,112, over Rs.77,524 in 2015-16.

“The rate of growth in per capita income is expected at 5.9% during the current fiscal, compared to 6.6% in the previous fiscal,” the ministry said.

At 2011-12 prices, the Gross National Income (GNI) is projected at Rs.120.28 trillion for the current fiscal, a rise of 7.2% from Rs.112.22 trillion projected for 2015-16.