While the world struggles at low single digit growth and most American families have flat incomes, the news from India appear far more rosy.

Per capita income grew by 10.5 per cent to Rs 44,345 in the year ended March 31, 2010 compared with Rs 40,141 in the year-ago period, according to India’s Central Statistical Organization (CSO).

Per capita income grew by 10.5 per cent to Rs 44,345 in  FY 20110 against Rs 40,141 in the year-ago period. Income grew by 5.6 per cent in the last fiscal year if it is calculated on the basis of 2004-05 prices, which is a better way of comparison and broadly factors inflation.