Q. As per StanC research report, India’s per capita income is likely to grow to what amount, by fiscal 2030?
Answer:
USD 4000
Notes: The country's per capita income is likely to grow by close to 70 per cent to USD 4,000 by fiscal 2030 from USD 2,450 in fiscal 2023.
This will help the country to become a middle-income economy with USD 6-trillion GDP. Per capita income/GDP has risen from USD 460 in fiscal 2001 to USD 1,413 in fiscal 2011 and to USD 2,150 in fiscal 2021. The biggest growth driver will be external trade, followed by household consumption.