Per-capita income rises 10% to Rs 10,534 a month in FY19

New Delhi: The country's per-capita income is estimated to have risen by 10 per cent to Rs 10,534 a month during the financial year ended March 2019, government data on national income showed Friday.

In 2017-18, the monthly per-capita income had stood at Rs 9,580.

"The per-capita income at current prices during 2018-19 is estimated to have attained a level of Rs 1,26,406 (Rs 10,533.83 monthly) as compared to the estimated for the year 2017-18 of Rs 1,14,958 (Rs 9,579.83 a month), showing a rise of 10 per cent," according to the annual national income and GDP 2018-19 data released by the Ministry of Statistics and Programme Implementation (MoSPI).

The per-capita income is a crude indicator of the prosperity of a country.

The gross national income (GNI) at current prices is estimated at Rs 188.17 lakh crore during 2018-19, as compared to Rs 169.10 lakh crore during 2017-18, rising by 11.3 per cent.

India's gross domestic product is estimated to have slowed to a five-year low of 5.8 per cent in the last quarter of fiscal ended March 2018-19, mainly due to poor show in the farm and manufacturing sectors.

The growth in gross domestic product (GDP) was slowest since 2014-15. The previous low was 6.4 per cent in 2013-14.

For full year 2018-19, the economic growth is estimated at 6.8 per cent, compared 7.2 per cent in the previous year.

The Q4 GDP growth rate is the slowest in the past 17 quarters, and is seen falling behind China's growth rate for the first time in nearly two years, provisional data released by the National Statistical Office (NSO) showed.