2023
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Question
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What is India’s per capita income as of 2023?
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₹1.72 lakh
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₹2.72 lakh
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₹6.72 lakh
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₹10.72 lakh
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Explanation:
Detailed explanation-1: -India’s per capita income in nominal terms, or without making adjustments for inflation, almost doubled to Rs 1.72 lakh in 2022-23 as compared to Rs 86, 647 in 2014-15, the year when the government led by Prime Minister Narendra Modi came to power, as per the official data.
Detailed explanation-2: -GDP per Capita PPP in India is expected to reach 6988.00 USD by the end of 2023, according to Trading Economics global macro models and analysts expectations. In the long-term, the India GDP per capita PPP is projected to trend around 7463.00 USD in 2024 and 7963.00 USD in 2025, according to our econometric models.
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