Per capita income cross 3000 Rs Per Month

Indian government declared data on economic growth for year 2008-09, which brings two good news. One is that India managed 6.7 per cent economic growth in 2008-09 and second is the per capita monthly income of an average Indian has crossed the Rs 3,000-mark on current price levels because of economic reforms and a high growth rate of above 9% achieved for three years since 2005-06. The per capita income is a measure of average income of a citizen, went up 12.2% to Rs 37,490 per annum during 2008-09, said the advance estimate for national income released by the Central Statistical Organisation (CSO) on Friday. During 2007-08, the per capita income was Rs 33,283 per annum.
For the UPA, keen to play the aam aadmi beat in celebration of its resounding victory at elections, the task seems to be cut out. With the WPI-based inflation data stabilising prices, global recessions seems to be corroding the financial ability of the poorest section. The per capita income would have been higher but for the global economic crisis, which pulled down the country’s economic growth during 2008-09 to 6.7% from 9% in the previous fiscal. The national income during the year went up to Rs 43.26 lakh crore, showing a rise of 14.2%, while the population of the country increased by 1.6 crore to 115.4 crore. The CSO data further says that the national income at 1999-2000 prices increased by 6.4% to Rs 29.42 lakh crore during 2008-09.