Low Per Capita Income

India has emerged as the fourth largest economy all over the world with a high growth rate but has improved its global ranking in terms of per capita income. But still per capita income have been quite low over the following years.

The main reasons for the Low per capita income in India are-

• High Growth Rate of Population
• Excessive Dependence on Agriculture
• Low Level of Technology and its Poor Adoption
• Poor Development of infrastructural Facilities
• Poor Industrial Development
• Socio-Political Conditions
• Poor rate of saving and investment