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
Question 1  (9 marks) During the 1990s, technological advance reduced the cost of computer chips.  Explain, with the use of supply and demand diagrams, how the following mark


how can a consumer get maximum Equlbrim

Wealth: This is a stock of accumulated purchasing power stored up from the past. For example, if you have a fat savings account accumulated from your past earnings, your curre

Aggregate Demand When referred to in the circumstance of GNP or GDP, aggregate demand dealings the sum of what is spent by various parties in the United States for product and


GROWTH OF EMPLOYMENT OPPORTUNITIES: Several disquieting features are observed in the Indian labour market over the past two decades particularly during the 1990s. These are di

how does utility figure in the analysis of consumer demand

Input Substitution When the Input Price Change  Isoquants and Isocosts and Production Function The minimum cost combination can be written as: - Minimum cost

A firms total cost function is TC=0.0006*X^3-0.086*X^2+4.8*X+25 and its total revenue function is TR=2.5*X find its profit function