The PMEAC has revised economic growth rate upward to 7.1% for FY'12, up from 6.9% projected in advanced estimates.
Reflecting general rise in living standard, India's per capita income is estimated to grow above Rs 60,000 per annum or over Rs 5,000 per month, said the government data.
The government recently lowered the gross domestic product growth target for the current fiscal to 7 per cent from the earlier estimate of 8.5 per cent.
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