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India's Economy as a Working ModelIndia's Economy

See it on the map · Shown in the simple map

Flow · Companies → Households

Dividends, distributed income and pensions from companies

Value in 2023-24

₹7.78 lakh crore

2.7% 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

Dividends and other distributed income that companies pay households, directly or through mutual funds, and pensions paid by the Railways and Posts to their retired staff. The household share of distributed income is estimated with the old-base national-accounts structure.

Trend

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

What is inside

The entries that make up this flow, largest first.

ItemValueLabel
Interest and dividends received by households (R8a · distributed_income)
Before → after balancing: ₹88,107 crore → ₹97,327 crore (10.5%)
Why it moved: explained. Explained. H_U5 <- E_NFPR R8a distributed_income, 88,107 -> 97,329 (9,222, +10.5%; z 1.105; free low; no constraint binds on it). Households fell short of NAS 2026 St 1.9 household saving by Z = -3,84,547 in the prior (c…
₹97,327 croreSet by balancing
Interest and dividends received by households (R8a · distributed_income)
Before → after balancing: ₹63,058 crore → ₹69,296 crore (9.9%)
Why it moved: explained. Explained. H_U4 <- E_NFPR R8a distributed_income, 63,058 -> 69,297 (6,239, +9.9%; z 1.099; free low; no constraint binds on it). Households fell short of NAS 2026 St 1.9 household saving by Z = -3,84,547 in the prior (cl…
₹69,296 croreSet by balancing
Interest and dividends received by households (R8a · distributed_income)
Before → after balancing: ₹41,501 crore → ₹45,754 crore (10.2%)
Why it moved: explained. Explained. H_R5 <- E_NFPR R8a distributed_income, 41,501 -> 45,755 (4,254, +10.2%; z 1.102; free low; no constraint binds on it). Households fell short of NAS 2026 St 1.9 household saving by Z = -3,84,547 in the prior (c…
₹45,754 croreSet by balancing
Interest and dividends received by households (R8a · distributed_income_mf)
Before → after balancing: ₹38,807 crore → ₹42,868 crore (10.5%)
Why it moved: explained. Explained. H_U5 <- E_NFPR R8a distributed_income_mf, 38,807 -> 42,869 (4,062, +10.5%; z 1.105; free low; no constraint binds on it). Households fell short of NAS 2026 St 1.9 household saving by Z = -3,84,547 in the prior…
₹42,868 croreSet by balancing
Interest and dividends received by households (R8a · distributed_income)
Before → after balancing: ₹37,560 crore → ₹41,348 crore (10.1%)
Why it moved: explained. Explained. H_U3 <- E_NFPR R8a distributed_income, 37,560 -> 41,348 (3,789, +10.1%; z 1.101; free low; no constraint binds on it). Households fell short of NAS 2026 St 1.9 household saving by Z = -3,84,547 in the prior (c…
₹41,348 croreSet by balancing
Interest and dividends received by households (R8a · distributed_income)
Before → after balancing: ₹35,645 crore → ₹39,761 crore (11.5%)
Why it moved: explained. Explained. H_R4 <- E_NFPR R8a distributed_income, 35,645 -> 39,762 (4,117, +11.6%; z 1.116; free low; no constraint binds on it). Households fell short of NAS 2026 St 1.9 household saving by Z = -3,84,547 in the prior (c…
₹39,761 croreSet by balancing
Interest and dividends received by households (R8a · distributed_income_mf)
Before → after balancing: ₹27,775 crore → ₹30,522 crore (9.9%)
Why it moved: explained. Explained. Cell H_U4 <- E_NFPR: 1,14,713 -> 1,26,062 (11,349, +9.9%; 4 entries). Largest moves: fincorp R8a distributed_income 6,239 (+9.9%); fincorp R8a distributed_income_mf 2,748 (+9.9%); fincorp R8a dividends 1,457 (…
₹30,522 croreSet by balancing
Interest and dividends received by households (R8a · distributed_income)
Before → after balancing: ₹23,780 crore → ₹26,393 crore (11.0%)
Why it moved: explained. Explained. H_R3 <- E_NFPR R8a distributed_income, 23,780 -> 26,393 (2,613, +11.0%; z 1.110; free low; no constraint binds on it). Households fell short of NAS 2026 St 1.9 household saving by Z = -3,84,547 in the prior (c…
₹26,393 croreSet by balancing
Interest and dividends received by households (R8a · dividends)
Before → after balancing: ₹20,575 crore → ₹22,728 crore (10.5%)
Why it moved: explained. Explained. H_U5 <- E_NFPR R8a dividends, 20,575 -> 22,729 (2,154, +10.5%; z 1.105; free low; no constraint binds on it). Households fell short of NAS 2026 St 1.9 household saving by Z = -3,84,547 in the prior (closure hh…
₹22,728 croreSet by balancing
Railway and postal pensions (R9d · railways)
Before → after balancing: ₹19,777 crore → ₹21,754 crore (10.0%)
Why it moved: explained. Explained (bounded; government-33, audit BS-6). Cell H_U5 <- E_NFPU: 27,523 -> 31,128 (3,605, +13.1%; 4 entries). Largest moves: government R9d railways 1,977 (+10.0%); fincorp R8a mf_lookthrough 1,275 (+30.3%); governme…
Held by: R9d railways pensions paid by departmental enterprises near their published total (band 10%)
₹21,754 croreSet by balancing
Interest and dividends received by households (R8a · distributed_income)
Before → after balancing: ₹18,286 crore → ₹20,217 crore (10.6%)
Why it moved: explained. Explained. H_U2 <- E_NFPR R8a distributed_income, 18,286 -> 20,217 (1,932, +10.6%; z 1.106; free low; no constraint binds on it). Households fell short of NAS 2026 St 1.9 household saving by Z = -3,84,547 in the prior (c…
₹20,217 croreSet by balancing
Interest and dividends received by households (R8a · distributed_income_mf)
Before → after balancing: ₹18,280 crore → ₹20,153 crore (10.2%)
Why it moved: explained. Explained. H_R5 <- E_NFPR R8a distributed_income_mf, 18,280 -> 20,153 (1,874, +10.2%; z 1.102; free low; no constraint binds on it). Households fell short of NAS 2026 St 1.9 household saving by Z = -3,84,547 in the prior…
₹20,153 croreSet by balancing

and 68 more entries

Sources

Notes on this figure

  • Level set by a judgement band, not by data (Checkpoint B §6b)
  • Direction explained, level not
  • Estimated with the old-base (2022-23 NAS) structure
  • Uses a stated assumption; method one click away

How the labels work · What is estimated