India's monthly average income up 14 per cent to Rs 5,130 in 2011-12

The per capita monthly income, a measure to assess the standard of living, grew at a slower rate of 13.7 per cent to Rs 5,130 in 2011-12 at current prices compared to Rs 4,513 in 2010-11.

"The per capita income at current prices is estimated at Rs 61,564 (per annum) in 2011-12 as against Rs 54,151 for the previous year depicting a growth of 13.7 per cent, as against an increase of 17.1 per cent during the previous year," said the revised data of national accounts released today.

On the gross domestic saving (GDS) front, the data revealed that the growth at current prices in 2011-12 slowed to 30.8 per cent of the gross domestic product (GDP) at market prices as against 34 per cent in the previous year.

The GDS is estimated at Rs 27,65,291 crore during the last fiscal year as against Rs 26,51,934 crore in 2010-11. The slower growth in GDS has been mainly due to decline in the financial savings of household sector from 10.4 per cent to 8 per cent, private corporate sector from 7.9 per cent to 7.2 per cent and that of public sector from 2.6 per cent to 1.3 per cent in 2011-12 as compared to 2010-11.

The rate of gross capital formation at current prices is 35.0 per cent in 2011-12 as against 36.8 per cent in 2010-11. The gross domestic capital formation had increased from Rs 28,71,649 crore in 2010-11 to Rs 31,41,465 crore in 2011-12 at current prices.

It further revealed that the per capita private final consumption expenditure (PFCE) at current prices in 2011-12 is estimated at Rs 42,065 as against Rs 36,677 in the year 2010-11, showing an increase of 14.7 per cent as against an increase of 15.7 per cent in the previous year.