What was India’s per capita GDP for 2023-24, as reported by the National Statistical Office?

Correct option is C

The Correct answer is (c) ₹2,11,725

Explanation:

The correct answer is ₹2,11,725, as reported by the National Statistical Office for the year 2023-24. This value represents the per capita GDP of India, which is the economic output per person. The figure is calculated based on the country's total GDP divided by the population.

Information Booster:

1. The per capita GDP is a critical measure used to compare the economic performance of a country relative to its population size.

2. The National Statistical Office regularly updates such figures to assess the economic growth and living standards of the population.

3. A higher per capita GDP generally indicates a higher standard of living, though it doesn't account for income inequality.

4. India's per capita GDP reflects the country's growth trajectory, but the large population means that the economic output is still not as high as many developed nations.

5. The per capita GDP provides useful insights for policymakers to design economic policies that can improve national welfare.