Per capita income of Indians to cross ₹1 lakh in 2016-17
India’s per capita income, a measure for computing living standards, is estimated to cross ₹1 lakh in 2016-17, which is 10.4% higher than ₹93,293 in previous fiscal, according to government data. Further, India’s GDP is expected to grow by 7.1%, its slowest pace of expansion in three years during this period, due to slump in manufacturing, mining and construction activities.