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India's Economy as a Working ModelIndia's Economy

See it on the map · Shown in the simple map

Flow · Wages, mixed income and profits → Households

Income earned by households

Value in 2023-24

₹192.46 lakh crore

66.2% of GDP

Gross flows can exceed GDP. GDP counts only final output once; the map also shows the inputs firms buy from each other and the money that passes through financial markets.

What it is

Factor income that reaches households: wages and salaries, the mixed income of farms and household businesses, the imputed rent of owner-occupied homes, rent from tenants, and the surplus of household partnerships and non-profits. The totals follow national accounts; the split across the ten household groups is estimated with income gradients from an IFPRI social accounting matrix, because no household microdata were used.

Trend

No annual series; only the 2023-24 SAM value exists.

What is inside

The entries that make up this flow, largest first.

ItemValueLabel
Wages by household group (F1a)
Before → after balancing: ₹25.40 lakh crore → ₹25.40 lakh crore (0.0%)
Held by: F1: labour income to households = NAS CE receivable by residents (tolerance covers SUT vs NAS CE rounding, 0.17)
₹25.40 lakh croreEstimated
Mixed income by household group (F2 · farm)
Before → after balancing: ₹14.36 lakh crore → ₹14.46 lakh crore (0.7%)
Why it moved: explained. Explained. H_R4 <- F_MIXD F2 farm, 14,35,871 -> 14,45,611 (9,740, +0.7%; z 1.007; free low; binding: f2f3.hh_gross_os_mi (target 97,71,431, balanced 97,71,432, at its upper edge)). Not a factor-income source disagreement…
Held by: F2 + F3: household gross OS/MI (NAS 7.1C OS/MI + CFC)
₹14.46 lakh croreSet by balancing
Wages by household group (F1a)
Before → after balancing: ₹12.15 lakh crore → ₹12.12 lakh crore (−0.2%)
Held by: F1: labour income to households = NAS CE receivable by residents (tolerance covers SUT vs NAS CE rounding, 0.17)
₹12.12 lakh croreEstimated
Wages by household group (F1a)
Before → after balancing: ₹9.82 lakh crore → ₹9.76 lakh crore (−0.5%)
Why it moved: explained. Explained. H_U4 <- F_LREG F1a total, 9,81,533 -> 9,76,346 (-5,188, -0.5%; z 0.995; free low; binding: f1.total (target 94,74,605, balanced 94,74,606, at its upper edge)). Not a factor-income source disagreement: the tota…
Held by: F1: labour income to households = NAS CE receivable by residents (tolerance covers SUT vs NAS CE rounding, 0.17)
₹9.76 lakh croreSet by balancing
Mixed income by household group (F2 · farm)
Before → after balancing: ₹8.79 lakh crore → ₹8.75 lakh crore (−0.5%)
Why it moved: explained. Explained. Cell H_R5 <- F_MIXD: 14,79,428 -> 14,72,093 (-7,336, -0.5%; 2 entries). Largest moves: factors F2 farm -4,358 (-0.5%); factors F2 nonfarm -2,977 (-0.5%). The largest mover is explained under its entry: Not a f…
Held by: F2 + F3: household gross OS/MI (NAS 7.1C OS/MI + CFC)
₹8.75 lakh croreSet by balancing
Mixed income by household group (F2 · farm)
Before → after balancing: ₹8.27 lakh crore → ₹8.28 lakh crore (0.2%)
Held by: F2 + F3: household gross OS/MI (NAS 7.1C OS/MI + CFC)
₹8.28 lakh croreEstimated
Mixed income by household group (F2 · nonfarm)
Before → after balancing: ₹8.03 lakh crore → ₹8.01 lakh crore (−0.3%)
Held by: F2 + F3: household gross OS/MI (NAS 7.1C OS/MI + CFC)
₹8.01 lakh croreEstimated
Wages by household group (F1a)
Before → after balancing: ₹6.92 lakh crore → ₹6.90 lakh crore (−0.4%)
Held by: F1: labour income to households = NAS CE receivable by residents (tolerance covers SUT vs NAS CE rounding, 0.17)
₹6.90 lakh croreEstimated
Mixed income by household group (F2 · farm)
Before → after balancing: ₹6.21 lakh crore → ₹6.23 lakh crore (0.2%)
Held by: F2 + F3: household gross OS/MI (NAS 7.1C OS/MI + CFC)
₹6.23 lakh croreEstimated
Mixed income by household group (F2 · nonfarm)
Before → after balancing: ₹6.00 lakh crore → ₹5.97 lakh crore (−0.5%)
Why it moved: explained. Explained. Cell H_R5 <- F_MIXD: 14,79,428 -> 14,72,093 (-7,336, -0.5%; 2 entries). Largest moves: factors F2 farm -4,358 (-0.5%); factors F2 nonfarm -2,977 (-0.5%). The largest mover is explained under its entry: Not a f…
Held by: F2 + F3: household gross OS/MI (NAS 7.1C OS/MI + CFC)
₹5.97 lakh croreSet by balancing
Wages by household group (F1a)
Before → after balancing: ₹5.10 lakh crore → ₹5.10 lakh crore (0.1%)
Held by: F1: labour income to households = NAS CE receivable by residents (tolerance covers SUT vs NAS CE rounding, 0.17)
₹5.10 lakh croreEstimated
Wages by household group (F1a)
Before → after balancing: ₹4.69 lakh crore → ₹4.74 lakh crore (1.0%)
Held by: F1: labour income to households = NAS CE receivable by residents (tolerance covers SUT vs NAS CE rounding, 0.17)
₹4.74 lakh croreEstimated

and 58 more entries

Sources