Budget 2023: India's Per Capita Income Nears ₹2 Lakh

A decade ago, in FY22, India's per capita Income stood at ₹71,609. In FY23, it is projected to be ₹1.97 lakh-- a growth of 175% in 10 years. In 1950, it was at ₹265. The growth in per capita took a hit in FY21 due to Covid but has gained momentum since.