The gross national income (GNI) at current prices is estimated at Rs 188.17 lakh crore during 2018-19, as compared to Rs 169.10 lakh crore during 2017-18, rising by 11.3%
New Delhi: Government data on national income on Friday showed that India's per-capita income is estimated to have risen by 10% to Rs 10,534 a month during the financial year ended March 2019.
In 2017-18, the monthly per-capita income had stood at Rs 9,580.
"The per-capita income at current prices during 2018-19 is estimated to have attained a level of Rs 1,26,406 (Rs 10,533.83 monthly) as compared to the estimated for the year 2017-18 of Rs 1,14,958 (Rs 9,579.83 a month), showing a rise of 10 per cent," according to the annual national income and GDP 2018-19 data released by the Ministry of Statistics and Programme Implementation (MoSPI).
The per-capita income is a crude indicator of the prosperity of a country.
The gross national income (GNI) at current prices is estimated at Rs 188.17 lakh crore during 2018-19, as compared to Rs 169.10 lakh crore during 2017-18, rising by 11.3%.
India's gross domestic product is estimated to have slowed to a five-year low of 5.8 per cent in the last quarter of fiscal ended March 2018-19, mainly due to poor show in the farm and manufacturing sectors.
The growth in the gross domestic product (GDP) was slowest since 2014-15. The previous low was 6.4% in 2013-14.
For full-year 2018-19, the economic growth is estimated at 6.8%, compared 7.2 per cent in the previous year.
With PTI inputs
Read Exclusive COVID-19 Coronavirus News updates, at MyNation.
Last Updated 1, Jun 2019, 1:31 PM