Per capita consumption expenditure regresses by 3 years
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BusinessToday.In
Jun 07, 2021,
Updated Jun 07, 2021, 2:05 PM IST
Per capital GDP in 2021-21 reduced by 8 per cent as compared to previous year.
Per capital for gross national income reduced to Rs 98,749 in 2020-21 from Rs 1,07,588 in 2019-20.
Per capital for net national income reduced by 8.3 per cent on y-o-y basis as compared to previous year.
India's per capita real private final consumption in 2020-21 regressed to its level of three years ago. The per capita real PFCE measured Rs.55,783 during the year.
Private consumption was worst hit during the June 2020 quarter when the country was under a nation-wide lockdown. PFCE contracted y-o-y by a sharp 26.2 per cent in real terms during this quarter.
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