"India witnessed a surge in per capita income between 2011-12 and 2022-23. But, the mismatch between purchasing power and aspiration has increasingly fed into an ever-increasing space for illicit market and counterfeiting," the report said.
India's growing per capita income, a burgeoning middle class, and expanding urbanization are driving a surge in urban consumption, with the retail realty sector emerging as a key beneficiary of this trend, highlighted a report by Nuvama.
New Delhi [India], August 8: Max Life Insurance Co. Ltd. ("Max Life/Company") announces the launch of the 'Aarohan' initiative to expand its distribution footprint by adding 75 new offices in Tier 3 and Tier 4 Indian cities. The initiative aims to enhance protection penetration in these unde
Hyderabad (Telangana) [India], August 1: Way2News, a leading hyperlocal news platform, has released the findings of its recent survey titled "How South India Invests". The survey, which gathered data from over 65,000 respondents across 5 states--Andhra Pradesh, Telangana, Tamil Nadu, Karnata
KV Subramanian, Executive Director of the International Monetary Fund (IMF) and former Chief Economic Advisor of India, said on Thursday that India could become a USD 55 trillion economy by 2047 if it maintains an 8 per cent annual growth rate.
India needs to strive to be a USD 30 trillion economy by 2047 with a per capita income of USD 18,000 per annum to become a developed economy, NITI Aayog has said in an approach paper 'Vision for 'Viksit Bharat @2047'
The Economic Survey report, which was laid before the Assembly on Wednesday, also mentioned that the state's per-capita income is estimated to be Rs 1,61,437, which is 12.4 percent less than India's per capita income of Rs 1,84,205.
As per a presentation made by the Chief Economic Adviser V Anantha Nageswaran at a press conference after the tabling of the Economic Survey for 2023-24, the per capita income is currently at Rs 2.12 lakh in 2023-24. In dollar terms, it is at USD 2,500.
"We have decided to take up skill census instead of caste census in the state. We have discussed and approved this in the Cabinet. Soon we are going to release all the guidelines for converting human resources into capital investment. The aim is to create wealth. We will provide employment a
The National Sample Survey Office (NSSO) is set to host a one-day data user conference on June 19 in Delhi to discuss the Household Consumption Expenditure surveys for 2022-23.
The per capita income of the people of the Bihar would have more than doubled had there been no mis-governance during the Lalu Yadav-led RJD government, Union finance minister and senior BJP leader Nirmala Sitharaman said on Tuesday, as she addresses a press conference in Patna during the
"...In 2014, the GSDP of Delhi was Rs 4.95 lakh crores and in the last ten years, the GSDP of Delhi has increased two and a half times to Rs 11.08 lakh crores. In 2014, the per capita income of Delhi was Rs 2.47 lakhs and today the per capita income of Delhi has reached 4.62 lakhs which is t