The per capita income of all 16 large states showed a healthy annual growth rate of approximately between 13 and 16 percent.
Telangana, with ₹3,08,732, sits on the top of large Indian states with the highest per capita income at the current price in 2022-23. (Creative Commons)
Several states, including Telangana and Karnataka, have posted an impressive growth in their Per Capita Net State Domestic Product (NSDP) during the 2022-23 financial year.
Telangana catapulted itself to head large Indian states with the highest per capita income of ₹3,08,732 in 2022-23. Neighbouring Karnataka closely followed the Telugu state with a per capita income of ₹3,01,673.
The Minister of State (Independent Charge) of the Ministry of Statistics and Programme Implementation (MOSPI) Rao Inderjeet Singh tabled the latest data in a written reply in the Rajya Sabha on 24 July.
Per capita income is the average income earned by an individual in a given area in a specified year.
The data showed an increasing trend in all 16 large states, with an impressive annual growth rate of approximately between 13 to 15 percent at current prices.
Graph of Per Capita Net State Domestic Product at Current Prices.
Besides Telangana and Karnataka, Tamil Nadu, too, was in the top five from South India.
Telangana, which has a per capita income of ₹3,08,732 in 2022-23, made a huge jump of 16 percent from the previous year’s ₹2,65,942.
Karnataka also jumped 13 percent to ₹3,01,673 from ₹2,65,623 posted in the previous financial year. Haryana was at the third slot.
Tamil Nadu came fourth with an increase of over 13 percent in its per capita income. While its per capita income was ₹2,41,131 in 2021-22, it touched ₹2,73,288 lakh this fiscal year. Uttarakhand completed the top five states.
Andhra Pradesh was in sixth position with a per capita income of ₹2,19,518, nearly 14 percent up from the year-ago fiscal year’s ₹1,92,587.
The data for Kerala was unavailable for 2022-23. In 2020-21 and 2021-22, the state’s per capita income was ₹1,94,322 and ₹2,28,767, respectively.
The financial, real estate, and professional services sectors continued to contribute the most for a straight fifth year to the Gross Value Added (GVA) — a measure of the total value of goods and services produced in an area, industry or sector of an economy.
In 2022-23, these sectors contributed 21.42 percent to the total GVA. Their contribution was 21.51 percent during the previous fiscal.
Agriculture, forestry, and the fishing sectors followed the leading three with a cumulative share of 18.42 percent, as compared to 18.97 percent in the previous year.
However, agriculture’s contribution has been going down since 2020-21, when its share was 20.32 percent.
The next highest share was from the trade, hotels, transport, communication & services related to the broadcasting sector, at 17.98 percent.
The sector recovered from 15.78 percent in 2020-21 when it was hit due to Covid-19 restrictions.
The manufacturing industry’s share in the economy was 14.70 percent. However, compared to the previous three years, the sector’s share has been falling. Its share was 15.84 percent in the previous year.
Other sectors that contributed to the GVA were public administration, defense and other services, construction, mining and quarrying, and electricity, gas, water supply, and other utility services.
Graph of Per Capita Net State Domestic Product at Constant Prices.
Based on constant prices, Haryana topped the list among large states with a per capita income of ₹ 1,81,961 in 2022-23.
National per capita income at constant prices is the monetary value of finished goods and services that normal country residents produce in a year
Haryana was followed by Karnataka with ₹ 1,76,383 and Tamil Nadu at ₹ 1,66,463.
Telangana grabbed the fourth spot with ₹ 1,64,657 per capita income at constant prices while Andhra Pradesh was ranked sixth with ₹1,23,526.
