Saturday, March 17, 2012

Indian Union General Budget 2012; Mixed reactions and opinions of people. India's per capita income and per capita debt.

Though some people and parties hail the budget presented by the finance Minister Pranab Mukherjee as a budget pertaining to the global economic situation, some other people and parties are of the opinion that the budget is only a disappointing one.

some opposition parties and leaders are criticizing the budget saying it only increased the per capita debt of every Indian by Rs 36,884 per year.

What is per capita income...?
The total income of the country divided by the number of the population is per capita income. The per capita income of every Indian in 2011-2012 is Rs 60,972 per year...!

What is per capita debt...?
the total debt of the country divided by the total number of population is per capita debt. The per capit debt of every Indians including the new born babies for the year 2011-2012 is Rs. 36,884 per year. And the yearly debt of GDP is is 48.8 percent with 3 percent interest for the financial year 2011-2012.

It is highly appreciable to note that inspite of the slowdown in the world economy, Our country India has managed to come as the second fastest growing economy in the entire world just next to China, overcoming many rich and developed countries....!

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