India's per capita income projected to reach Rs 14.9 lakh by 100th year of independence

In a remarkable display of economic progress, India’s per capita income is projected to skyrocket to Rs 14.9 lakh by 2047, when the country celebrates its 100th year of independence. This milestone was revealed by Chief Economic Adviser V Anantha Nageswaran during a press conference following the tabling of the Economic Survey for 2023-24.

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Currently, the per capita income stands at Rs 2.12 lakh in 2023-24, equivalent to USD 2,500. Over the past decade, India’s per capita income has more than doubled, a testament to the country’s rapid economic growth. In fact, India’s economy has leapfrogged from being the tenth largest to the fifth largest in the world, surpassing the UK in 2022. The country’s GDP is now estimated t