What is the per capita incime of Indians?

Answer 1

$ 290 for details you can refer to Manorama Yearbook.

Answer 2

There are current discussions in a number of threads and Forums on this matter and I thought I might be able to clear this up a bit.

The most comprehensive site for relative country performance is the IMF (international Monetary Fund) site which measures the economic performance of the world.

Essentially for each country the national published figures of Gross Domestic Product are used as a basis for comparison. Think of GDP as the agregation of all Family Income in India. (Strictly its the total value of all goods and services produced in the country)

If this is divided by the population size you get:

Gross domestic product per capita, current prices in RS

However for international comparison this will be converted into dollars.

This gives a figure currently of $678 pa for India.

However like most economic figures this is a lie. The main reason is that as a country India keeps the rupee/dollar exchange rate artificially low, to encourage exports.

So a measure is calculated on the percentage of world GDP that is made up by India this is the :

Gross domestic product based on purchasing-power-parity (PPP)

currently this is $3262 per capita.

The difference between the two is the distortion of exchange rates, it can also be considered as a measure of locally produced rather than international purchased consumption.

From this can be calculated an "Implied PPP conversion rate" this is the "real" exchange rate or what we should be paying. this is currently 9 rs per dollar the actual exchange rate is about 44rs to the dollar the difference is the amount that westerners benefit because of the Indian exchange rate policy.

I hope that this is clear :-)

Basically a UK or US tourist is getting a 4.5 times better deal than they would at home which is a damn good reason not to complain about a little overcharging!

Answer 3

2000 Rs

Answer 4

$12,000 per year

Answer 5

Do your own homework :)