India's Per Capita GDP Rises by Over Rs 40,000 in Two Years: SBI Report
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India's Per Capita GDP Growth India's per capita Gross Domestic Product (GDP) at current prices is estimated to reach Rs 2.35 lakh in the financial year 2024-25 (FY25) . This remarkable growth has been attributed to better policymaking and improved benefit distribution through the Direct Benefit Transfer (DBT) system, according to a report by the State Bank of India (SBI). Over the last two financial years, India's per capita GDP has increased by more than Rs 40,000 , reflecting a strong economic trajectory. Private consumption, particularly in sectors such as healthcare, education, and hospitality , has been a major contributor to this growth. Growth in Private Consumption Private consumption has been a key driver of India's economic expansion. The per capita private consumption rate grew at 6.6% in FY25 , a significant rise from 4.6% in the previous year . This indicates increased spending power and demand for goods and services, further boosting economic activi...