Estimation of national income, Microeconomics

ESTIMATION OF NATIONAL INCOME:

In India, the first attempt to estimate national income and per capita income was made in the year 1867-68 by Shri Dadabhai Naoroji. This was followed by several intermittent efforts by individuals, officials as well as non-officials.  Immediately after independence, the Government set up the National Income Committee in August, 1949 to prepare a report on national income and related estimates to suggest improvements in the collection of data, and to recommend guidelines for research in the field of national income. The First Report of the Committee was published in 1951, and the Final Report in 1954. The task of preparing national income estimates has been assigned to the Central Statistical Organisation (CSO). The CSO has been producing annual official estimates of national income of India since 1955 and publishing the same in its annual report National Accounts Statistics. It is with the help of these data that we shall try to establish the trend in India's national income over the last fifty-five years.  

Posted Date: 11/10/2012 2:58:22 AM | Location : United States







Related Discussions:- Estimation of national income, Assignment Help, Ask Question on Estimation of national income, Get Answer, Expert's Help, Estimation of national income Discussions

Write discussion on Estimation of national income
Your posts are moderated
Related Questions
Austrian economics is a brand of neo-classical economics that was established in Vienna during the late 19th century & first half of the 20th century. Austrian economics was strong

I need help with filling out the bank balance sheet.




Resilience in Addition to Strength: The BOP has been in overall surplus since 1996-97 with forex reserves rising, on an average, by $8.50 billion per annum during 1996-97 to 2

How might a “perfect” macro equilibrium be affected by (a) a stock market crash; (b) the death of a president; (c) a recession in Canada; (d) a spike in oil prices?

Globalization: A generalized historical process by which more economic activity occurs across national borders. Forms of globalization include international trade (imports and expo

argument against in favour of traditonel theory profit maximisation

Using the Wage Rate and Output per Hour as indicated on the table below, calculate the output per dollar wage and unit labor cost. Then decide on the optimal wage rate for this c