Per capita Income Current Affairs, GK & News

Per Capita Income

Income from Domestic Product Accruing to Private Sector:This refers to that part of the domestic product at factor cost which accrues to the private sector of the economy. It is estimated as follows:NDP_FC-Income from domestic product accruing to Government –savings of non departmental enterprises.Private Income:It refers to the income earned by the individuals from whatever ..

Economic Survey of Delhi 2021-22

According to the Economic Survey of Delhi 2021-22, the nation’s capital is one of the country’s most prosperous states. It has ranked third as per the per capita income behind the states of Goa and Sikkim. Overview: This survey was presented in Delhi’s state Assembly by Deputy Chief Minister Manish Sisodia. In 2021-22, Delhi’s per ..

Month: Current Affairs - March, 2022

Category: Economy & Banking Current Affairs - 2022 • States Current Affairs

Topics: Delhi • Economic Survey of Delhi 2021-22 • GDP growth • Manish Sisodia • Outcome budget • Per capita Income

Developing Country Tag at WTO

The World Trade Organization recently provided the “developing country” tag. This couldn’t be accepted by several countries. About the tag at WTO The organization has officially not created any definitions for “Developed” or “developing “countries. However, when a tag is provided other countries can challenge the offering. Though, WTO has not provided the definition, two ..

Month: Current Affairs - January, 2022

Category: Economy & Banking Current Affairs - 2022 • International / World Current Affairs

Topics: China • Developed country • Developing country • Developing Country Status • GDP per capita • high income countries • low income countries • middle income countries • Per capita Income • Preferential Trade Agreement • S&DT • special and differential treatment • upper middle income countries • World Bank • World Trade Organization (WTO)

IMF: World Economic Outlook

On June 24, 2020, the International Monetary Fund projected a sharp decline in the growth of Indian Economy. According to the IMF, the Indian economy is to contract by 4.5%. Highlights According to IMF, though India’s growth is to decline, the country will bounce back in 2021 with a growth rate of 6%. Global Projections ..

Month: Current Affairs - June, 2020

Category: Reports & Indexes Current Affairs

Topics: China • developing countries • Economic growth • GDP growth • International Monetary Fund (IMF) • Per capita Income • World Economic Outlook

Rich MPs of Poor India

The average annual per capita income in India stands at around one lakh rupees. But their representatives are Crorepathis. The NGO Association for Democratic Reforms (ADR) working for electoral and political reforms makes the following observations about the crorepati MPs: Results of the recently concluded Lok Sabha Elections show that richer the candidate the brighter ..

Topics: Association for Democratic Reforms • internal democracy • Lok Sabha • Money power • MP • Per capita Income

CSO releases advance estimates of National Income for 2018-19

The Central Statistics Office (CSO) under the Ministry of Statistics and Programme Implementation has released the first advance estimates of National Income for 2018-19. Highlights of the Estimate The Estimate makes the following observations: The Indian economy is expected to grow at 7.2 per cent in the financial year 2018-19 which is higher than the ..

Month: Current Affairs - January, 2019

Topics: Central Statistics Office • Consumer Price Indices • CSO • Index of industrial production • Ministry of Statistics and Programme Implementation • Per capita Income

What is Catch Up Effect?

Catch Up Effect refers to the faster growth is observed in poor and developing economies in comparison to the ones with a higher per capita income and gradually reach the same levels. It shows that there is a possibility that all the economies may combine as far as income per head is concerned gradually. Thus ..

Topics: Per capita Income