India's Per Capita Income (GDP) at Rs 53k in 2010 - 2011

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, as per Central Statistical Office (CSO). 


*Per capita income is the earnings of each Indian if the national income is evenly divided among the country’s population of around 120 crore. It is an important indicator of overall prosperity in the country.

India Q2 FY 2011-2012 GDP growth below 7 percent

Indian economy grew by just 6.9% in the second quarter of the 2011-12 financial year, breaking below the 7% mark. Q1 GDP was at 7.7%.

The government has projected overall economic growth in the current fiscal at around 8.5%, while the Reserve Bank has projected the growth to moderate to 8% from 8.5% in FY'11. But the current quarter GDP suggest that we might not be able to achieve even 7% GDP in current financial year.

Manufacturing sector grew by 2.7% while Construction sector grew by 4.3% vs 6.7% (y-o-y). Mining went down by -2.9%.