India's per capita income is almost Rs 40,000 ($950) per year, according to the latest figures released by the World Bank.
This has been calculated using the World Bank Atlas method that employs official exchange rates for conversion.
India's per capita income has more than doubled from $460 in 2000-01 to $950 in 2007 due to strong economic growth.
Finance Minister P Chidambaram had recently stated that India's per capita income could double every 9 years. By 2016-17, the country's per capita would be at $2,000; and by 2025, per capita would be $4,000 if India grows at 9 per cent.
At $950 per capita income per year, India ranks a poor 160th in the world.
According to the World Bank categories: Nations with per capita income (PCI) less than $935 are 'low income;' nations with PCI from $936 to $3,705 are 'lower middle income;' those with PCI from $3,706 to $11,455 are 'upper middle income;' and those with PCI from $11,456 or more are 'high income.'
So which are the world's richest nations, or people, in terms of per capita income? And where do India's neighbours like China and Pakistan stand? Read on to find out. . .
Image: An Indian Bengal Tiger, Aparna, cools off in a water pool at Nehru Zoological Park in Hyderabad. | Photograph: Noah Seelam/AFP/Getty Images
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