Good news, India's per capita crosses Rs 50,000

January 31, 2012 16:36

Reflecting growing prosperity, India's per capita income grew by 15.6 per cent to Rs 53,331 per annum in 2010-11, crossing the half-a-lakh rupees mark for the first time, according to government data.

"The per capita income at current prices is estimated at Rs 53,331 in 2010-11, as against Rs 46,117 for the previous year, depicting a growth of 15.6 per cent," said the quick estimates of national income released by the Central Statistical Office.

The growth in per capita income comes on the back of 8.4 per cent expansion of the Indian economy during the last fiscal.

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