In which year the rate of growth of India's per capita income at constant prices was the highest during the period 1951 - 52 to 2015 - 16?

Question

1 Answer

answered Mar 2, 2022 by SiddhiSomnath (239k points)
selected Mar 2, 2022 by Anuragk

Best answer

Correct Answer - Option 3 : 2007 - 08

The correct answer is 2007 - 08.

In 2007-08, the rate of growth of India's per capita income at constant prices was the highest during the period 1951 - 52 to 2015 - 16.

The per capita income in real terms (at 2011-12 prices) during 2019-20 is likely to attain a level of ₹96,563 as compared to ₹92,565 for the year 2018-19.
The growth rate in Per Capita Income is estimated at 4.3 per cent during 2019-20, as against 5.6 per cent in the previous year.

The National Statistical Office (NSO), Ministry of Statistics and Programme Implementation has released the First Advance Estimates of National Income at both Constant (2011-12) and Current Prices, for the financial year 2019-20 along with the corresponding estimates of expenditure components of the Gross Domestic Product (GDP).
The First Advance Estimates of GDP have been released in accordance with the release calendar of National Accounts. The approach for compiling the Advance Estimates is based on the Benchmark-Indicator method.