Social Sciences, asked by kashishpal0512, 1 month ago

what was india per capita income in 2017​

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Answered by Anonymous
8

Explanation:

The economy of India is characterised as a middle income developing market economy.[42] It is the world's sixth-largest economy by nominal GDP and the third-largest by purchasing power parity (PPP).[43] According to the International Monetary Fund (IMF), on a per capita income basis, India ranked 142nd by GDP (nominal) and 124th by GDP (PPP) in 2020.[44] From independence in 1947 until 1991, successive governments promoted protectionist economic policies with extensive state intervention and economic regulation, which is characterised as dirigism, in the form of the License Raj.[45][46] The end of the Cold War and an acute balance of payments crisis in 1991 led to the adoption of a broad economic liberalisation in India.[47][48] Since the start of the 21st century, annual average GDP growth has been 6% to 7%,[42] and from 2014 to 2018, India was the world's fastest growing major economy, surpassing China.[49][50] Historically, India was the largest economy in the world for most of the two millennia from the 1st until the 19th century.[51][52][53]

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Answered by 491kapilyad
0

Answer:

In real terms, calculated at constant prices with base 2011-12, the per capita income grew by 5.4 per cent to Rs 86,668 in 2017-18 as compared to Rs 82,229 in 2016-17. "The growth rate in per capita income is estimated at 5.4 per cent during 2017-18, as against 5.7 per cent in the previous year," the release said.

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