ECONOMICS
HUMAN CAPITAL
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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US $ 2000 to US$ 4000
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US $ 1000 to US $ 3000
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US $ 3000 to US $ 5000
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None of the above
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Detailed explanation-1: -In 2020, the estimated gross domestic product per capita in India amounted to about 1, 933.1 U.S. dollars. See figures on India’s economic growth here.
Detailed explanation-2: -It is the world’s fifth-largest economy by nominal GDP and the third-largest by purchasing power parity (PPP). According to the International Monetary Fund (IMF), on a per capita income basis, India ranked 142nd by GDP (nominal) and 125th by GDP (PPP).
Detailed explanation-3: -It had also released the third quarter (October–December), 2022-23, gross domestic product (GDP) data. At constant prices, which takes the base year as 2011-12, the per capita income was Rs 72, 805 in 2014-15, which has increased by about 35% to Rs 98, 118 in 2022-23.