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Despite India's per capita income in nominal terms doubling to Rs 1,72,000 since the Narendra Modi-led NDA came to power in 2014-15, the issue of uneven income distribution remains a persistent challenge.
According to National Statistical Office (NSO), the estimated annual per capita (net national income) at current prices for 2022-23 is Rs 1,72,000, showing a growth of around 99 per cent from Rs 86,647 in 2014-15. However, after adjusting for inflation (constant prices), the per capita income has risen by approximately 35 per cent from Rs 72,805 in 2014-15 to Rs 98,118 in 2022-23.
