India s per capita GDP slips below Rs 1 lakh; first time in 3 years
While India s per capita GDP is estimated to fall 10.5 per cent to $1,877, lowest in five years, Bangladesh will see it going up 4 per cent to $1,888 in 2020. Our neighbouring nation Pakistan s per capita GDP in dollar terms will fall from $1,625 to $1,349 in 2020
Per capita GDP is a measure of a country s economic output per person, that divides its GDP by total population
India s per capita Gross Domestic Product (GDP) at constant prices is projected to decline 8.7 per cent to below Rs 1 lakh for the first time in the last three fiscals, the first advance estimate of national income by Nation Statistical Office (NSO) suggests. Before this, India s per capita GDP income was below Rs 1 lakh at Rs 94,751 crore in FY 2016-17.