Q1 of 14 Page 59

Fill in the blanks with appropriate words:

India’s per capita income is less than Brazil due to __________________:

Per capita income is the average income available per person in the given country. It is equal to the ratio of national income and population. Per capita income = national income/population. As the population grows, the per capita income available to each individual reduces. India is the country with the second largest population. As of 2018, the total population of India is 135.8 crores comprising 17.74% of the global population. On the other hand, the population of Brazil is 20.93 crores which are only 2.76% of the global population. This makes the per capita income of India lesser than that of Brazil even if India has a higher national income.

More from this chapter

All 14 →