Economy Domain · Analysis Report

Income & Per Capita

1. Executive Summary

Gross National Income per capita, household consumption expenditure surveys, and direct tax collections published by MoSPI and Central Board of Direct Taxes.

2. India Rank

$2,610 Per Capita GNI

3. Global Rank

Rank 138 of 195 Nations

4. Key Trend

+12.5% Tax Collection Growth

5 & 6. Benchmarks & Trend Charts

India vs the World & Peer Averages

Comparing income & per capita against Top Countries, Global Average, G20 Average, BRICS Average, and OECD Average.

Economy · Annual % Expansion

Nominal GDP Growth (%)

🇮🇳 India
7.6
🇨🇳 China
5.2
🇺🇸 United States
2.5
🇮🇩 Indonesia
5.05
🇩🇪 Germany
-0.3

G20 Avg

3.1%

BRICS Avg

4.8%

OECD Avg

1.7%

Global Avg

3.2%

World Bank Open Data & IMF WEO Database·2024 · 2024-04-16

7. Related Disclosures

Latest Official Press Releases

Automated disclosures from Press Information Bureau (PIB) and statutory wire feeds.

8. Official Sources

All statistics originate exclusively from Government of India gazettes, Ministry reports, e-Courts registries, and international statutory publications (World Bank, IMF, UNESCO, WHO, WIPO).

9. Measurement Methodology

GNI per capita derived from Atlas method converting national currency into US dollars using 3-year moving average exchange rate.

10. Where India Stands Synthesis

India's per capita GDP reached ~$2,600 USD in 2023, placing it in the lower-middle-income nation tier. While below the G20 average ($21,500), annual real income growth remains among the fastest in BRICS nations.

11. Key Strengths
  • Gross Direct Tax collections touched ₹19.58 Lakh Crore in FY24
  • Household consumption expenditure expanded across rural & urban cohorts
12. Areas for Improvement
  • !Substantial gap compared to OECD average per capita GNI ($44,500)
  • !Regional income disparity between industrial and agricultural states
13. Future Strategic Outlook

Per capita income projected to cross $4,000 USD by 2030, transitioning India into upper-middle-income status.

14. Statutory FAQs

Frequently Asked Questions

Verified answers backed by official government disclosures.

What is India's current per capita income?

India's per capita GDP reached ~$2,610 USD as per World Bank and MoSPI disclosures.

15. Open Data Export

Datasets & Export Options

Download structured CSV datasets with complete provenance chains.

Macroeconomic Expansion, GDP Growth & Gross Fiscal Deficit Disclosures

Official Gross Domestic Product estimates, quarterly GVA breakdowns, nominal vs real expansion, and Central Government fiscal deficit tracking published by MoSPI and Reserve Bank of India.

Ministry of Statistics & Programme Implementation (MoSPI) / RBI·2024 · 2024-03-31

FY24 Real GDP Growth

7.6%

Nominal GDP Estimate

$3.75 Trillion

Gross Direct Tax Revenue

₹19.58 Lakh Cr

Foreign Exchange Reserves

$622 Billion