NEWS – A report of Per Capita income of states was released by SBI recently

HIGHLIGHTS

1. Regional Disparities in Per Capita Income Growth:
   • Western and southern states such as Gujarat, Karnataka, Telangana, and Tamil Nadu have experienced significant growth in per capita income over the past decade.
   • Gujarat’s per capita income increased from 1.4 times the national average in FY 2011-12 to 1.8 times in FY 2022-23.
   • Karnataka and Telangana also saw notable increases, with their per capita incomes rising from 1.4 times to 1.7 times and 1.4 times to 1.6 times the national average, respectively.
   • In contrast, states like West Bengal, Bihar, Jharkhand, and Punjab have lagged behind in per capita income growth during the same period.
2. Specific State Comparisons:
   • Gujarat’s per capita income stands at Rs 2,09,188, which is 1.8 times the national average of Rs 1,16,216.
   • In contrast, Bihar’s per capita income is only 0.3 times the national average, amounting to Rs 34,864.
   • This stark difference highlights the wide disparity in economic development among Indian states.
3. Long-Term Income Trends:
   • In 2011-12, Gujarat, Karnataka, Telangana, and Himachal Pradesh had similar per capita incomes, roughly 1.4 times the national average.
   • However, by 2022-23, Gujarat’s per capita income had surged to 1.8 times the national average, indicating a significant and sustained growth trajectory.
4. National Per Capita GDP and Context:
   • The latest data from the National Statistical Office (NSO) shows India’s per capita GDP at Rs 1,16,216 in 2022-23 (at 2011-12 constant prices).
   • This national average provides a benchmark for understanding the relative wealth and economic performance of individual states.