USES OF PER CAPITA INCOME

Panchayats in India are facing challenges in generating their own revenue, with an average per capita tax collection of just Rs 59 between 2017 and 2022. While some states like Gujarat and Kerala have performed better, many others lack OSR rules or ...

Karnataka and Tamil Nadu rank second and fourth among top states contributing to 70% of India's direct tax collections, with Maharashtra leading. Maharashtra, Delhi, Karnataka, and TN have above-average per capita tax contributions. Income tax retur...

Finance minister Nirmala Sitharaman projects a significant rise in living standards for Indians in the coming decades, owing to a predominantly young population and a rising middle class. She emphasizes fiscal discipline, reforms, and the creation o...

Finance Minister Nirmala Sitharaman said India's per capita income will nearly double in the next five years. This growth will improve living standards significantly due to structural reforms. By 2047, as India celebrates 100 years of independence, ...

Finance minister Nirmala Sitharaman highlights India's rapid projected growth, predicting a significant rise in living standards within the next five years. With a youthful population driving productivity and consumption, the financial system is str...

Finance Minister Nirmala Sitharaman stated that India's per capita income is projected to increase by $2000 in the next five years. She highlighted the young demographic, which drives consumption growth, and noted the maturity in India's innovation ...

Uttarakhand's GSDP has risen by 1.3 times in the last 20 months. The state attributes this growth to new policies, amendments, and employment programmes. Per capita income increased by 26 per cent. The unemployment rate dropped to 9.8 per cent. Wome...

India, a lower-middle-income country, faces the risk of falling into the middle-income trap (MIT) despite its economic progress since 1991. The World Bank's latest report highlights the need for urgent policy action to address inequality and structu...

The Modi govt aims to make India a developed country by 2047, addressing the middle-income trap as a key challenge. Niti Aayog emphasizes the need for a cohesive strategy involving investment, technology adoption, and innovation. Policymakers focus ...

A report by the Economic Advisory Council to the Prime Minister highlights that Southern states have significantly outpaced others in terms of GDP and per capita income since economic liberalisation in 1991. The paper also notes a continuous decline...

Economic struggles have been a significant factor in the recent protests and regime change in Bangladesh. Despite once being a standout performer in South Asia with rapid GDP growth, Bangladesh now faces challenges that could worsen its economic out...

A World Bank report highlighted that over 100 countries, including India, will face significant challenges in achieving high-income status in the coming decades. The projections suggested that India may take up to 75 years to reach one-quarter of US...

A new World Bank study revealed challenges for 100+ countries, including India, in achieving high-income status. While India's digitalization and demographics are strong points, effective policies must foster broad economic growth, better education,...

India aims to become a USD 30 trillion economy with a per capita income of USD 18,000 by 2047, according to NITI Aayog’s "Vision for Viksit Bharat @ 2047: An Approach Paper." This ambitious goal requires India to avoid the Middle-Income Trap by sign...

Despite Western sanctions over the Ukraine war, Russia has transitioned from an upper-middle to a high-income economy, according to the World Bank's latest rankings. Factors such as increased military activity, a rebound in trade and construction, a...

Maybe we will look at it at that point in time, but right now we miss getting into it early, but as of now we do not want to buy it.

?So, my belief is that whenever a coalition is at the centre, then you see a decent growth. The clear focus is economics. The clear focus is to do better for the masses and that is what drives the markets, that is what drives the economy as well.

The Household Consumption Expenditure Survey (HCES) results revealed a decline in consumption inequality over the last decade in India. The share of the top 10% households in consumption decreased by 1.9% in rural areas and 4% in urban areas. The Gi...

Matthew E. Kahn, Provost Professor of Economics at USC, discusses the impact of climate on economic growth and solutions offered by enterprise in an interview with Srijana Mitra Das.