Per Capita Income To Go Up 7 Times By 2047, Says SBI; Real Rise Will Be...

The SBI Research report predicts that the per capita income will go up from the current Rs 2 lakh to Rs 14.9 lakh rupees, but it does not account for inflation.

India's per capita income is projected to grow over seven times by 2047, when the country will be celebrating its 100th Independence Day, an SBI Research report has said.

Released on the 77th Independence Day yesterday, the report - 'The Ascent of the new Middle Class in circular migration' - predicts that the per capita income will go up from the current Rs 2 lakh to Rs 14.9 lakh rupees.

But there is a catch.