GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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0.8
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1.5
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0.5
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2.3
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Detailed explanation-1: -The country’s growth of aggregate real output during the first half of the twentieth century was less than two per cent coupled with a mere half per cent growth in per capita output per year.
Detailed explanation-2: -Most of these studies revealed that Indian economy grew at even less than two percent during 1900-50 with half per cent growth in per capita output per year.
Detailed explanation-3: -Since 1950, India’s per capita income (PCI) has jumped over 500 times. In 1950, it stood at Rs 265, and increased to Rs 1, 28, 829 in 2020-21.
Detailed explanation-4: -Income in India discusses the financial state in India. With rising economic growth and prosperity, India’s income is also rising rapidly. As an overview, India’s per capita net national income or NNI was around 1.97 lakh rupees in 2022. The per-capita income is a crude indicator of the prosperity of a country.