Home Business India’s per capita earnings stays beneath pre-Covid degree in 2021-22

India’s per capita earnings stays beneath pre-Covid degree in 2021-22

India’s per capita earnings stays beneath pre-Covid degree in 2021-22

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NEW DELHI: India’s annual per capita income at fixed costs remained beneath the pre-Covid degree at Rs 91,481 in 2021-22, official knowledge confirmed on Tuesday.
Nonetheless, the per capita earnings primarily based on Web Nationwide Revenue (NNI) at fixed worth grew by 7.5 per cent in FY22 over the earlier yr.
The per capita earnings at fixed worth was Rs 94,270 in 2019-20 earlier than it dipped to Rs 85,110 in 2020-21 on account of the disruption in financial actions attributable to Covid-19 pandemic and subsequent lockdowns.
At present costs, the per capita earnings rose by 18.3 per cent to Rs 1.5 lakh throughout in 2021-22 fiscal.
The per capita earnings at present costs had dipped to Rs 1.27 lakh in 2020-21 from Rs 1.32 lakh in 2019-20.
The per-capita earnings is a crude indicator of the prosperity of a rustic.

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