Mumbai:
Per capita income in the country is expected to rise to
$1,000 by the end of fiscal year 2007-08 on the back of
a nine per cent growth in gross domestic product (GDP),
finance minister P Chidambaram said.
India''s per capita income stood at $797 in 2006-07, nearly
double from $460 in 2000/01 thanks to robust economic growth,
according to data from the Reserve Bank data.
"Per capita income will be $1,000 at current exchange
rates if we grow at 9 per cent," Chidambaram told
a gathering.
In
the fiscal year ended March 2007, India''s economy expanded
9.4 per cent -- one of the fastest growth rates in the
world. The growth has averaged 8.6 per cent in the past
four years.
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