The estimated per capita income across Sikkim was the highest among Indian states at around 519 thousand Indian rupees in the financial year 2023. Meanwhile, it was the lowest in the northern state of Bihar at over 54 thousand rupees. India’s youngest state, Telangana stood in the fifth place. The country's average per capita income that year was an estimated 172 thousand rupees.
What is per capita income?
Per capita income is a measure of the average income earned per person in a given area in a certain period. It is calculated by dividing the area's total income by its total population. If absolute numbers are noted, India’s per capita income doubled from the financial year 2015 to 2023.
Wealth inequality
However, as per economists, the increase in the per capita income of a country does not always reflect an increase in the income of the entire population. Wealth distribution in India remains highly skewed. The average income hides the disbursal and inequality in a society. Especially in a society like India where the top one percent owned over 40 percent of the total wealth in 2022.
Per capita income across India in financial year 2023, by state
(in Indian rupees)
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Reserve Bank of India. (September 15, 2023). Per capita income across India in financial year 2023, by state (in Indian rupees) [Graph]. In Statista. Retrieved September 20, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1027998/india-per-capita-income-by-state/
Reserve Bank of India. "Per capita income across India in financial year 2023, by state (in Indian rupees)." Chart. September 15, 2023. Statista. Accessed September 20, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1027998/india-per-capita-income-by-state/
Reserve Bank of India. (2023). Per capita income across India in financial year 2023, by state (in Indian rupees). Statista. Statista Inc.. Accessed: September 20, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1027998/india-per-capita-income-by-state/
Reserve Bank of India. "Per Capita Income across India in Financial Year 2023, by State (in Indian Rupees)." Statista, Statista Inc., 15 Sep 2023, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1027998/india-per-capita-income-by-state/
Reserve Bank of India, Per capita income across India in financial year 2023, by state (in Indian rupees) Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1027998/india-per-capita-income-by-state/ (last visited September 20, 2024)
Per capita income across India in financial year 2023, by state (in Indian rupees) [Graph], Reserve Bank of India, September 15, 2023. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1027998/india-per-capita-income-by-state/