GITNUX MARKETDATA REPORT 2024

Statistics About The Average Income In India

The average income in India is approximately 1,35,000 INR per month.

Last Updated: June 18, 2024

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In this post, we present a comprehensive overview of the average income landscape in India, highlighting key statistics that shed light on the earning patterns and wealth distribution in the country. From average monthly incomes to GNI per capita and income disparities among different segments of the population, these statistics offer valuable insights into the economic realities faced by individuals and households across India.

Statistic 1

"The average gross monthly income in India is INR 31,900."

Statistic 2

"The Gross National Income (GNI) per capita in India is USD 2,130."

Statistic 3

"The income of salaried individuals in India averages at INR 340,000 per annum."

Statistic 4

"Non-salaried individuals in India earn INR 112,000 per annum on average."

Statistic 5

"10% of Indians controls 77.4% of the total national wealth."

Statistic 6

"The income share held by the highest 10% in India is 42.5%."

Statistic 7

"The income share held by the lowest 10% in India is 3.6%."

Statistic 8

"The average monthly salary of a software engineer in India is INR 39,084."

Statistic 9

"The average income in India rises about 8.6 % annually."

Statistic 10

"The minimum wage in India varies from INR 160 to INR 336 per day."

Statistic 11

"The annual average income of medical professionals in India ranges from INR 395,000 to INR 2,200,000."

Statistic 12

"The average annual household income in India is INR 164,000."

Statistic 13

"The monthly average income of Indian youth between 18-29 years is INR 7,700."

Statistic 14

"The average annual income in India was INR 1,25,397 in FY19."

Statistic 15

"The median income of households in India was INR 198,000 in 2019."

Statistic 16

"Delhi has the highest average household income among Indian states with INR 365,000 per year."

Statistic 17

"Among people who have studied till class 10 in India, the average income is INR 2,50,000 per year."

In conclusion, the statistics on average income in India reveal a complex economic landscape with significant disparities. While the average gross monthly income and GNI per capita show an improving overall income scenario, the concentration of wealth among a small percentage of the population is stark, with the top 10% controlling a disproportionate share. The wide range of income levels across various professions and demographics highlights the diverse opportunities and challenges within the Indian economy. Additionally, the consistent annual rise in average income indicates potential for growth and development. Efforts to address income inequality and ensure fair wages for all individuals are crucial in fostering a more equitable economic environment in India.