Income india

India's per capita income (nominal) was $ 1570 in 2013, ranked at 120th out of 164 countries by the World Bank,^[2] while its per capita income on purchasing power parity (PPP) basis was US$ 5,350, and ranked 106th.^[3] Other estimates for per capita Gross National Income and Gross Domestic Product vary by source. For example, India's average GDP per capita on PPP basis in 2009, according to The Economist, was US$ 5,138, with significant variation among its states and union territories. Chandigarh had the highest per capita PPP GDP at US$ 9,345, while Bihar the lowest with per capita PPP GDP of US$ 1,019 as of 2009.^[1] In rupee terms, India's Per capita income grew by 10.4% to reach Rs.74,920 in 2013-14.

While India's per capita incomes were low, the average household size and consequent household incomes were higher. India had a total of 247 million households in 2011, with an average of about 4.9 people per household, according to Census of India.^[4]

Estimates for average household income and the size of India's middle income households vary by source. Using World Bank's definition of middle income families to be those with per capita income between $10 to $50 per day,^[5] the National Council of Applied Economic Research^[6] of India completed a survey and concluded there were 153 million people who belonged to middle income group in 2006. In contrast, Meyer and Birdsall and Tim Light used a different survey and estimated the number of Middle Income population to be about 70 million in 2009-2010.^[7] These groups as well as the World Bank estimated in their 2011 reports that if India's economy continues to grow per projections, India's middle income group would double by 2015 over 2010 levels, and grow by an additional 500 million people by 2025. This would make it, with China, the world's largest middle income market.^[8]

Compared to other countries, income inequality in India is relatively small as measured by Gini coefficient. India had a Gini coefficient of 32.5 in year 1999- 2000;^[9] India's nominal Gini index rose to 36.8 in 2005, while real Gini after tax remained nearly flat at 32.6.^[10]

States of India have significant disparities in their average income.^[11] Bihar was by far the poorest in India, and per capita income was low in its neighboring states, along with Jammu & Kashmir, Assam, Manipur and Nagaland.^[1] The higher income states include Goa, Delhi,Haryana, Punjab, Maharashtra, Tamil Nadu, Gujarat and Kerala.^[12][13][14]