Per capita India that grew over 30% in 2018
India
Becoming World's
Fastest Growing Economy
The
share of Indian economy in world (measured as a ratio of India’s GDP to world’s
GDP at current US$) increased from 2.6 percent in 2014 to 3.2 percent in 2017
(as per World Development Indicators database). The average share of Indian
economy in world during 1960 to 2013 was 1.8 percent.
The
average growth of the Indian economy during 2014-15 to 2017-18 was 7.3 per
cent, fastest among the major economies in the world. Indian economy is
projected to be the fastest growing major economy in 2018-19 and 2019-20
(International Monetary Fund October 2018 database). This is borne by GDP
growth of 7.6 per cent in the first half of 2018-19.
As
per the estimates available from Central Statistics Office(CSO), the per capita
income (measured as per capita net national income (at current prices))of the
country increased from Rs. 86,647/- in 2014-15 to Rs 112,835/- in 2017-18,
recording a30.2 percent growth from 2014-15 to 2017-18.
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