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Economics
11. ECONOMIC SURVEY
• The Economic Survey presents a rosy picture
about the Per capita Income by representing
India’s Per Capita Net National Income (factor
cost at current prices) at Rs. 54527 for 2010-11.
• The Above figure of Rs. 46492 for 2009-10 was
released on 31 January 2011 by the CSO. It said
that the per capita income of Indians grew by
14.5 per cent to Rs 46,492 in 2009-10 from Rs
40,605 in the year-ago period.
• This new per capita income figure estimates on
current market prices is over Rs 2,000 more
than the previous estimate of Rs 44,345
calculated by the Central Statistical
Organisation. The figure is arrived by taking in
account India’s current population of 117
Crore.
• But here confusion must be avoided. The
increase in per capita income is only about 6
per cent in 2009-10 if it is calculated on the
prices of 2004-05 prices. If we calculate on
those prices, it gives a better picture and
compares the factors inflation too.
13. INCOME AND CONSUMPTION
As of 2005:
85.7% of the population lives on less than $2.50 (PPP) a day, down from 92.5% in 1981. This compares with
80.5% in Sub-Saharan Africa.
75.6% of the population lives on less than $2 a day (PPP), which is around 20 rupees or $0.5 a day in nominal
terms. It was down from 86.6% and compares with 73.0% in Sub-Saharan Africa.
24.3% of the population earned less than $1 (PPP, around $0.25 in nominal terms) a day in 2005, down from
42.1% in 1981.
41.6% of its population is living below the new international poverty line of $1.25 (PPP) per day, down from
59.8% in 1981. The World Bank further estimates that a third of the global poor now reside in India.
19. EDUCATION
India has made huge progress in terms of increasing primary
education attendance rate and expanding literacy to
approximately two thirds of the population. However, education
is still far behind developing countries such as China. Most
children never attend secondary schools. An optimistic estimate is
that only one in five job-seekers in India has ever had any sort of
vocational training.
29. Rank County Average Per Capita Income
1 Teton County, Wyoming $132,728
2 New York County, New York $120,790
3 Loving County, Texas $99,593
4 Pitkin County, Colorado $93,465
5 Marin County, California $91,483
6 Fairfield County, Connecticut $81,576
7 Westchester County, New York $74,878
8 San Mateo County, California $71,753
9 Morris County, New Jersey $71,713
10 City and County of San Francisco, California $71,342
11 Somerset County, New Jersey $70,949
12 City of Alexandria, Virginia $70,632
13 Arlington County, Virginia $68,270
14 Fairfax County, City of Fairfax, and City of Falls Church, Virginia $67,909
15 Montgomery County, Maryland $67,525
16 Bergen County, New Jersey $67,125
17 Hunterdon County, New Jersey $66,449
18 Sully County, South Dakota $64,352
19 Blaine County, Idaho $64,207
20 Collier County, Florida $63,276