India’s per capita income hovers below pre-COVID level in 2021-22

India’s annual per capita income at constant prices remained below the pre-COVID level at ₹91,481 in 2021-22, official data showed on Tuesday (May 31).

Per capita income based on Net National Income (NNI) at constant price, however, witnessed growth by 7.5 per cent in FY22 as compared to the previous fiscal.

Also read: GDP grows 4.1% in Jan-March, 8.7% in FY22; core sector output up 8.4%

The per capita income at constant price was ₹94,270 in 2019-20, but slumped to ₹85,110 in 2020-21 as businesses were disrupted in the wake of the COVID-19 lockdowns imposed by the government.

At current prices, the per capita income rose by 18.3 per cent to ₹1.5 lakh during in 2021-22 fiscal.
The per capita income at current prices had dipped to ₹1.27 lakh in 2020-21 from ₹1.32 lakh in 2019-20.
The per-capita income is a crude indicator of the prosperity of a country.

(With inputs from agencies)