10 High Earning Income Countries

Bangalore: The Indian Economy is the ninth largest in the world by nominal GDP and third largest by purchasing power parity (PPP). It is one of the G-20 major economies and a member of BRIC. But besides all these plus points, India is ranked at 135 when compared to other nations as per their per capita income.

Per capita income is the mean income per person within an economic aggregate, such as a country or city. All sources of income in the aggregate, divided by the total population yields the per capita income of the country. India’s per capita income grew by 15.6 percent to 53,331 per annum in 2010-2011, and according to Government data, it crossed the half a lakh rupees mark for the first time ever. It was 33,843 in 2009-2010.

This study is entirely made on the basis of market price only as various components of expenditure on gross domestic product are normally measured at this market price, such as consumption expenditure and capital formation.

"The per capita income at current prices is estimated at 53,331 in 2010-2011, as against 46,117 for the previous year, depicting a growth of 15.6 per cent," said the Quick Estimates of National Income released by the Central Statistical Office (CSO).