India is the 5th largest economy in the world, but per capita income is less than Angola!

India Per Capita Income: Even though India is the fifth largest economy in the world. India aspires to become the third largest economy in the world in the next few years. But do you know, in terms of per capita income, India comes under the category of poor countries of the world. The condition is that India’s per capita income is less than countries like Angola. India ranks 142nd out of 197 countries in the world in terms of per capita income.

America’s per capita income is 31 times more

Among all the countries with the largest economy in the world, Indians have the lowest per capita income. The per capita income of America is 80,035 dollars annually while the per capita income of India is only 2601 dollars. That is, the average per capita income of America is 31 times more than that of India. Per capita income of Germany and Canada is 20 times more than that of India, UK 18 times more, France’s per capita income is 17 times more than that of India. The average per capita income of Japan and Italy is 14 times. While China, which India considers its biggest rival, its per capita income is 5 times more than that of India and 4 times more than that of Brazil.

Small countries are also in better condition

This is a matter of very strong and prosperous countries economically. But you will be surprised to know that the per capita income of small countries like Angola, Vanautu and Sao Tome Principe is also higher than that of India. Angola’s per capita income is $3205, Vanuatu’s $3188, Sao Tome Principe’s $2696 and Ivory Coast’s $2646, which is much higher than India’s $2601.

Per capita income doubled in 8 years

According to the recent data of NSO, the per capita income of India has increased to Rs 1,72,000. Compared to 2014-15, the per capita income has doubled during the tenure of the Modi government. In 2014-55, the per capita income used to be Rs 86,647. That is, there has been a jump of almost 100 percent in the individual income during this period.

Growing economic inequality in the country

The average income of every Indian is called per capita income. But the per capita income of India also shows the growing inequality in the country. According to the report of Oxfam International, 10 percent of the country’s population is in possession of 77 percent of the nation’s wealth. It can be estimated from these figures that how big the gap of economic inequality has become in the country.

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