Per capita net national income across India 2014-2018

India’s per capita net national income, also abbreviated as NNI, was around 111 thousand rupees in financial year 2018, whereas, the gross national income at constant prices stood at over 128 trillion rupees. The same year, GNI growth rate at constant prices was around 6.6 percent.

National income indicators

  While GNI and NNI are both indicators for a country’s economic performance and welfare, the GNI is related to the GDP plus the net receipts from abroad, including wages and salaries, property income, net taxes and subsidies receivable from abroad. On the other hand, the NNI of a country is equal to its GNI net of depreciation. In 2017, India ranked third amongst the Asia Pacific countries in terms of its gross national income, with China leading the way at 12.206 trillion U.S. dollars. This has been possible due to a favorable GDP growth in India, standing at 2.72 trillion US dollars in 2018.

Measuring wealth versus welfare

  National income per person or per capita is often used as an indicator of people's standard of living and welfare. However, critics object to this by citing that since it is a mean value, it does not reflect the real income distribution. In other words, a small wealthy class of people in the country can skew the per capita income substantially, even though the average population has no change in income. This is exemplified by the fact that in India, the top one percent of people, control over 58 percent of the country’s wealth.

Per capita net national income across India from FY 2015 to FY 2018

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Sources

Release date

January 2018

Region

India

Survey time period

FY 2015 to FY 2018

Special properties

India's financial year begins in April and ends in March. For example, FY 2017 started in April 2016 and ended in March 2017.

Supplementary notes

Note: Values at current prices. Figures have been rounded.

One Indian rupee is equal to 0.016 U.S. dollars and 0.013 euros (as at January 2018).

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