Hasnain2009
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NEW DELHI, May 29 2009 (Xinhua) --
The monthly income of an average Indian for the first time in the country's history has crossed 3,000 rupees (60 U.S. dollars), said the official Central Statistical Organization (CSO) on Friday.
The increase is due to economic reforms and the high growth rate of above 9 percent. The goal of high economic growth rate has been achieved for three consecutive years since the 2005-2006 fiscal years.
The yearly per capita income in the country went up 12.2 percent to attain 37,490 rupees (about 750 U.S. dollars) in the 2008-2009 fiscal year, said the advance estimate for national income released by the CSO.
In 2007-2008 fiscal year, the per capita income was 33,283 rupees in the country.
And here's info abt Pakistan's GDP per Capita!
Per capita income falls to $1,071
Thursday, May 21, 2009
By By Mehtab Haider
ISLAMABAD: Pakistans per capita income fell to $1,071 in 2008-09 compared to $1,102 in the previous fiscal year, show official figures, which will be released in the upcoming Economic Survey for 2008-09, but available with The News.
Finance Adviser Shaukat Tarin, when contacted on Wednesday for comments, said depreciation of the rupee against the dollar and decline in real gross domestic product growth caused the drop in per capita income in fiscal year 2008-09. Pakistan will have to return to growth in order to show improvement in per capita income in the years ahead, he added.
He said rupee stability could help boost per capita income, but the country required real GDP growth of 5 to 6 per cent per annum for achieving sustained progress on the economic front.
Discussing the factors behind the fall in per capita income, official sources said the real GDP growth touched 2 per cent in accordance with the initial assessment done by the National Accounts Committee (NAC) a few days ago while the rupee fell 30 per cent against the dollar in the current financial year. The rupee dropped from Rs60 a dollar to Rs80 just in a few months in 2008-09.
Population growth was 1.9 per cent per annum while real GDP growth came to around 2 per cent, meaning a negative growth in per capita income in 2008-09.
Per capita income is treated as one of the major indicators suggesting the depth of growth and general well-being of any country.
Per capita income, defined as gross national product at current market price in dollar terms divided by the countrys population, has grown at an average rate of around 13 per cent per annum during the last five years rising from $586 in 2002-03 to $926 in 2006-07 and further to $1,085 in 2007-08, initial estimates show. According to final figures of 2007-08, per capita income increased to $1,102.
Real per capita income in rupee terms increased by 4.7 per cent, on average, in the last five years. Real per capita income grew by 4.2 per cent as compared to 4.8 per cent last year.
