Omicron reduces per capita income, yet people are spending more for standard life

Omicron reduces per capita income, yet people are spending more for standard life

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new Delhi. The income of the citizens of any country shows the strength of its economy. In India, the new variant of Corona, Omicron, affected the earnings of the people, due to which there was a slight increase in the per capita income in 2021-22. However, people’s expenses for standard life have increased.

The National Statistical Office (NSO) has released official figures and said that due to the Omicron variant in the current financial year, the per capita income did not increase as much as was estimated. Although this decrease appears to be minor, but on the basis of 2011-12, there is a big decline in it.

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1.5 lakh earnings for 2021-22
NSO has estimated the per capita income for the current financial year at Rs 1,49,848 at today’s prices. In January this estimate was Rs 500 more, then NSO had estimated the per capita income of Rs 1,50,326. According to the 2011-12 prices, the per capita income was estimated to be Rs 93,973 in January, which has now come down by Rs 2 thousand to 91,723.

Common man’s earnings went back two years
Revised data released by NSO on January 31 shows that due to the corona epidemic, the income of the common man has gone back by 2 years. On the basis of 2011-12, this year’s per capita income is not only below Rs 94,270 in pre-Covid 2019-20, it has also come down from 2018-19. Then the per capita income was Rs 92,133.

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Here… increased the expenses for the facilities
The Office of National Statistics says that the effect of Omicron is clearly visible between the first and second per capita income estimates. Despite this, people have increased the expenditure on their facilities. The per capita expenditure was estimated at Rs 59,043 in January, which has now increased to Rs 61,054. However, this too is below the pre-Covid level of Rs 61,594. Per capita personal consumption expenditure at current price was said to be Rs 97,563 in January, which has now increased by Rs 5 thousand to Rs 102,476.

Tags: GDP growth, NSO, Per capita GDP

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