Akhilesh Yadav Vs Modi; India Economy | Per Capita Income | India’s per capita income is ₹ 2 lakh, America’s ₹ 71 lakh: Akhilesh said in Parliament – Our economy is at number 5, but why does the government hide the income?

In today’s proceedings of the Parliament session, SP chief Akhilesh Yadav said – The government says that India has become the country with the 5th largest economy, but why does the government hide where the per capita income of our country has reached? Along with this, he also asked about the country’s position on Hunger Index and Happiness Index.

In such a situation, here we are telling about the top 10 economy countries in the world and their per capita income. According to Forbes, America is at first place in the list of world’s top-10 economy countries with a GDP of $28.78 trillion. America’s per capita income is Rs 71.30 lakh and India’s is only Rs 2.28 lakh.

SP chief Akhilesh Yadav speaking on the President’s address on the 7th day of the Parliament session.

India’s per capita income is Rs 2.28 lakh
India is the 5th largest economy in the world with a GDP of $3.94 trillion. However, India has the lowest per capita income among the top-10 GDP countries.

Per capita income in India is 13.14 thousand dollars i.e. about 2.28 lakh rupees. At the same time, America’s per capita income is 85.37 thousand dollars i.e. about 71.30 lakh rupees.

America has been on top of this list since 1960
America has been at the top of this list since 1960 as the richest country and largest economy. The US economy is diverse, including services, manufacturing, finance and technology, among other sectors.

China was fourth in 1960, will reach second place in 2023
China’s economy was in fourth place in 1960, which will reach second place in 2023. China’s economy mainly depends on manufacturing, export and investment. They have a large workforce, fast growing market and advanced infrastructure.

GDP measures the value of goods and services
GDP measures the total value of goods and services produced in a country within a period. In this, the foreign companies which produce within the country’s borders are also included. This tells the health of the economy.

There are two types of GDP, real and nominal.
There are two types of GDP. Real GDP and Nominal GDP. In real GDP, the value of goods and services is calculated at the base year’s value or stable price. At present the base year for calculating GDP is 2011-12. Whereas nominal GDP is calculated at current price.

Per capita income tells the standard of living of the people
This is the average income of the people living in a country. To calculate this, we divide the GDP of that country by its total population. It is an important indicator showing the prosperity of the citizens of the country.

Per capita income is used to evaluate the standard of living and quality of life of the people.

Formula: National Income/Country Population = Per Capita Income