The impact deadly Covid has on India is not over yet. The nationwide lockdown triggered by the novel Coronavirus last year has hit the country’s economy so hard that the Per Capita Income of India has slipped.
As per the official data, India’s Per Capita Income for the financial year 2020-21 is less than our neighboring country Bangladesh. Bangladesh’s Per Capita Income for the year stood at $2,227, while India’s Per Capita Income was $1,947.417.
The growth witnessed by Bangladesh in Per Capita Income was announced by MA Mannan, Planning Minister at a cabinet meeting chaired by Prime Minister Sheikh Hasina. The cabinet meeting was helped virtually.
Sharing the statistics, the Minister said, compared to the previous year, Bangladesh reported an increase in Per Capita Income by 9 percent. The Per Capita Income stood at $2,227 and $2,064 in 2020-21 and 2019-20 respectively.
Coming to India, as usual, the Indian government has cited the lockdown as a reason behind the contradictions in the Per Capita Income of the country and said, the efforts are underway to tackle the situation.
For the unversed, Per Capita Income is the average income earned per person in the country. The average income is derived by dividing the national income by the population in the country.
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