India's per capita income rises 7.4% to Rs 93,293 in 2015-16

India's per capital income rose by 7.4% to Rs 93,293 in 2015-16, compared to Rs 86,879 in the preceding fiscal, government data showed on Tuesday.

"The per capita income at current prices during 2015-16 is estimated to have attained a level of Rs 93,293 as compared to the First Revised Estimate for the year 2014-15 of Rs 86,879 showing a rise of 7.4%," as per data on Provisional Estimates of Annual National Income and Quarterly Estimates of Gross Domestic Product 2015-16.

The data was released by the Ministry of Statistics and Programme Implementation. Per capita income is a broad indicator of prosperity. In real terms, the per capita income (at 2011-12 prices) during 2015-16 is estimated to have attained a level of Rs 77,435, up 6.2% from Rs 72,889 for the year 2014-15.

The Gross National Income (GNI) at 2011-12 prices is now estimated at Rs 112.13 trillion as against Rs 112.14 trillion estimated earlier for 2015-16. In 2014-15, it was Rs 104.28 trillion.

"In terms of growth rates, the gross national income is estimated to have risen by 7.5% during 2015-16, in comparison to the growth rate of 7.3% in 2014-15."