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Income in India discusses the financial state in India. With rising economic growth and prosperity, India's income is also rising rapidly. As an overview, India's per capita net national income or NNI was around Rs. 98,374 in 2022-23.[1] The per-capita income is a crude indicator of the prosperity of a country. In contrast, the gross national income at constant prices stood at over 128 trillion rupees.[2] According to Pew Research Center in 2021, India has roughly 66 million middle-income individuals, 16 million upper-middle-income individuals, while barely 2 million belong to the high-income group.[3] According to The Economist, 78 million of India's population are considered middle class as of 2017, if defined using the cutoff of those making more than $10 per day, a standard used by the India's National Council of Applied Economic Research.[4]
- ^ "PER CAPITA INCOME". pib.gov.in. Retrieved 7 April 2024.
- ^ "Per capita national income in India FY 2015-2020 Published by Statista Research Department, Oct 16, 2020".
- ^ "In the pandemic, India's middle class shrinks and poverty spreads while China sees smaller changes". Pew Research. Retrieved 18 March 2021.
- ^ "India's missing middle class". The Economist. 11 January 2018. Archived from the original on 10 August 2019. Retrieved 10 August 2019.