Per capita consumption expenditure regresses by 3 years
Per capita consumption expenditure regresses by 3 years
BusinessToday.In
- Jun 7, 2021,
- Updated Jun 7, 2021 2:05 PM IST
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Per capital GDP in 2021-21 reduced by 8 per cent as compared to previous year.
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Per capital for gross national income reduced to Rs 98,749 in 2020-21 from Rs 1,07,588 in 2019-20.
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Per capital for net national income reduced by 8.3 per cent on y-o-y basis as compared to previous year.
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India's per capita real private final consumption in 2020-21 regressed to its level of three years ago. The per capita real PFCE measured Rs.55,783 during the year.
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Private consumption was worst hit during the June 2020 quarter when the country was under a nation-wide lockdown. PFCE contracted y-o-y by a sharp 26.2 per cent in real terms during this quarter.
Story: Shivani Sharma
Design: Pragati Srivastava