Question
Government compiles estimates of rural and urban income,
in terms of Per Capita Net Value Added (NVA), only in the base year of the Gross Domestic Product (GDP) series,which is currently 2011-12.What is the urban income according to the base year 2011-12?Solution
Government compiles estimates of rural and urban income, in terms of Per Capita Net Value Added (NVA), only in the base year of the Gross Domestic Product (GDP) series, which is currently 2011-12. The per capita NVA for rural and urban area was Rs.40,925 and Rs.98,435 respectively in the year 2011-12. The government does not compile estimates of the average per capita income among the men and women, SCs and STs in the country. The primary policy objective of the Government is development of all segments of the population. Its focus on inclusive growth is reflected in commitment to Sabka Saath, Sabka Vikas to reduce poverty and inequality, provide social security, income generation and livelihood options, and improve the quality of life of the vulnerable sections of the population in the country.
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