Estimation of national income, Microeconomics


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
Price | Quantity demanded _________________________ 0 250 50 200 100 150 150 100 200 50 250 0 A) Calculate Lorie''s profit-maximizing output, price, and economic profit. B) Do yo

Potentials of Productivity Growth: It needs to be noted that growth in productivity witnessed in the past are an average rate at the All-India level. There are considerable re

Income and Substitution Effects: Normal Good *  The Special Case--The Giffen Good - The income effect may be large enough theoretically to cause the demand c

Government Production: Some production in the economy is undertaken directly by governments (or several kinds of government agencies) in order to meet public requirements (as disti

The Wealth of Nations of Modern Economies When the federal government uses expenditures to stimulate the economy, it changes not only the present but the future as well. Question

Explain the roles of economics theory. Roles of Economic Theory An economic theory has three probable roles: a. This can be used to describe economic behavior and economi

ahmed has 500 dolars.asma has 700 dolars.cismaan has 800 dolar

Real and nominal GDP, GNP, and Intrest rates, Stock & flow variables, Disinflation, Inflation rates, unemployement rates, labor force, participation rate, output per person, GDP d

Suppose that the U.S. Department of Agriculture (USDA) administers the price floor for cheese, set at $0.17 per pound of cheese. (The price floor is officially set at $16.10 per hu