RBI Report: Shocking reality revealed by RBI! Will economic disparity in states pose a threat to India’s growth?

• Shocking revelation revealed from RBI handbook
• Delhi and Goa around 5 lakhs
• In contrast, Uttar Pradesh and Bihar have a per capita income of just over 1 lakh

RBI Report: Shocking revelations have come out from the RBI handbook on income distribution in India. Of this, Delhi and Goa have a per capita income of around 5 lakh, while Uttar Pradesh and Bihar are only around 1 lakh. This economic gap is the result of rapid industrialization and weak investment.

Delhi, Goa, Uttar Pradesh, Bihar Income: The Handbook of Statistics on Indian States released by the Reserve Bank of India (RBI) has revealed a shocking disparity in per capita income between states in the country. According to the report, prosperous states like Delhi and Goa have reached close to 5 lakh in income, while backward states like Bihar and Uttar Pradesh are less than 1 lakh. This large disparity reflects the uneven distribution of development and poses a serious challenge for policy makers.

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According to RBI data, some states in the country are far ahead of the national average in terms of per capita income. In the financial year 2023-24, Goa leads with an annual per capita income of 5.86 lakhs at current prices. Per capita income of Delhi is 4.93 lakhs.

So, the per capita income of other states is as follows:

Telangana: 3.87 lakh
Karnataka: 3.80 lakhs
Tamil Nadu: 3.62 lakh
Haryana: 3.53 lakh
Kerala: 3.08 lakhs

The rapid growth of per capita income in these states is attributed to rapid industrialization, strong infrastructure in the IT and service sectors. In contrast, however, states like Uttar Pradesh and Bihar are growing at a slower pace.

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The ‘Income League Table of India’ from the data presented by the RBI clearly shows that the benefits of growth are not evenly distributed across the country. Higher per capita income in prosperous states leads to higher demand for consumption services and higher tax collections. This creates a positive cycle that further attracts investment. On the other hand, limited consumption and weak revenues in low-income states limit infrastructure and social spending, which also slows private investment.

The RBI Handbook clearly suggests to governments and policy makers that if India is to progress towards becoming an overall upper middle income country, special focus should be placed on raising the per capita income of backward states. Improved education, healthcare, rapid industrialization policies and investment will play an important role in addressing this regional economic disparity.