India Per Capita Income may cross Rs. 60,000

India's per capita income is estimated to grow above Rs. 60,000 per annum.

According to  Advanced Estimates of National Income released by the Central Statistical Office, “The per capita income at current prices in 2011 - 12 is estimated to be Rs. 60,972 compared with Rs. 53,331 during 2010 - 11, showing a rise of 14.3%,“

This rise would have been higher but for the slowdown in economic growth which is expected to moderate to 6.9% in the current fiscal from 8.4% a year ago.

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