When will the per capita income of Jharkhand double?
The per capita income of Jharkhand has been estimated to be about Rs. 57 thousand rupees at constant prices and Rs. 70 thousand at current prices in the current financial year 2017-18. It has recorded an increase of about 38 percent and 70 percent, respectively, since 2011-12.
The per capita income at constant prices, this year, has grown at an annual rate of 5.2 per cent. Government’s efforts towards stabilization and expansion of production raise the hope that the per capita income will increase by not less than 6.7 per cent in future. Even if the state economy grows at this rate, the per capita income of the state will double in another 13 years, otherwise, much earlier.
The per capita income at current prices, this year, has grown at an annual rate of 8.7 percent. At this rate the per capita income will double in about eight and half years.