The method of calculations has been revised
Picture for representational purpose (Photo: DC/File)
New Delhi: India’s monthly per capita income, the measure of standard of living, is likely to be at Rs 7,378.17 ($118.68) this financial year, up over 10 per cent from last year, after a revision in the method of calculations. In the previous fiscal, the per capita income estimated to have grown by 12 per cent to '6,699 ($107.75) per month, government data showed.
The revised method of calculation takes into account gross value added in goods and services as well as indirect taxes. Also, the base year has been changed from 2004-05 to 2011-12.
( Source : PTI )
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