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Q.

Is per capita income of the Indians on the rise? Your views?

Asked by Good Citizen, 01 Mar '10 04:03 pm
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Answers (7)

 
1.

Yes from the available news sources I believe the per capita income of Indians are on the rise.

India could go from poverty to affluence in one generation. By 2039, India too would be rich with a per capita income in excess of $22,000, adjusted for inflation and real exchange rate movements, says a report by the Emerging Markets Forum. This means, the annual income of an Indian citizen after 30 years could be over Rs 10.56 lakh.

In other words, India would no longer be a poor country with a small global economic footprint it would become an average economy, with a large global footprint. This would be a phenomenal jump by any yardstick as Indias per capita income in 2007 was just $940 (around Rs 45,000).

India has the potential to go from a relatively poor, developing country to an advanced (affluent) economy within 30 years a single generation, the Forum said in its report India 2039. An affluent society in one generation. The Emerging Markets Forum is a not-for-profit ve ...more
Answered by anantharaman, 01 Mar '10 04:25 pm

 
  
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2.

Yes,definitely it is rising,but the rate of rise is not as it should have been or as it was possible to achieve.So,there is a reason to feel happy but not very happy and proud on this.We all may agree that a little more positive attitude and reduction in corruption,the result will be highly significant.
Answered by M Singh, 01 Mar '10 10:31 pm

 
  
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3.

Well, put it this way. 100,000 + 500 + 200 divided by 3 is 33566.6. So if u say in the "Good Citizen"nation in 2009, Ram makes 100,000 a month, Shyam makes 500 a month and Rahim makes 200 a month, u r "national" average is 33566....Now in 2010 if Ram makes 200,000, Shyam makes 550 and Rahim makes Rs. 250 the "national income average" astronomically jumps to 66933! Wow! Good Citizen is a miracle administrator !!! HE doubled up the income of the people in his country! :D :D :D

U can never deduce real, on the ground per capita income rise by officiated stats. The services sector has reaped MASSIVELY , followed by manufacturing, but agriculture has suffered a HUGE deadbeat and is actually showing negative growth....and if u look into ANY book, the demographic majority of our people are classified under "agriculture" category.

Services constitute roughly one twelveth of our total economy, with agriculture a whopping 60 percent. In alpha numerical terms, the rise in income of the 12 ...more
Answered by A Moin, 01 Mar '10 07:05 pm

 
  
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4.

Per capita Income of India is on rise because of many reasons.
1) Migration from village to city.
2) Education and awareness among people.
3) Multinational and multi cultural environment.
4) Balance betten Saving and investments.
5) Usage of banking system by masses, loans, funds, deposits etc.
6) Development ofd infrastructure leading to commerce and trade.
7) Reductio in family size.

I feel all of the above points have a role to play while calculating per capita Income hence Indian is showing positive results.
Answered by Mohammed Zubair, 01 Mar '10 04:43 pm

 
  
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5.

According to the Central Statistical Organization (CSO) average income of Indians rose to Rs 43,749 this fiscal year. Well, that is average per capita income. However, there is a big gulf between the rich and the poor and this has been widening everyday without any concrete efforts being made to either reduce / control or bridge it despite all the brouhaha about the fanciful INCLUSIVE growth whatever that means.
Answered by Tony Fernandez, 01 Mar '10 04:15 pm

 
  
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6.

Yes, it is on the rise and going up almost every year
Answered by iqbal seth, 01 Mar '10 04:05 pm

 
  
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7.

1% earning more then 10 million per year, 10% earning more then 2 million per year ,15% earning more then 1.5 million per year, 20% earning more then 5 lakh per year, 25% earning more then 4 lakh per year,30% earning more then 2 lakh per year,40% earning more then 1lakh per year,45% earning more then Rs.80 thousand per year,50% earning more then Rs.60 thousand per year,55% earning more then Rs.40 thousand per year,60% earning more then Rs.20 thousand per year,65% earning more then Rs.10 thousand per year,70% earning more then Rs.5 thousand per year. It means 30% are earning less then Rs. 5 thousand per year. Means thease people will become Jebkatra, Naxalities and Gundas. This is what our govt. is doing for last 60 years.
Answered by satish kushwaha, 02 Mar '10 03:57 am

 
  
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