Who composed the national income of India?

V.K.R.V. Rao
In 1934 V.K.R.V. Rao published “an Essay on India’s National Income, 1925-29”, which is widely regarded as the first authentic academic exercise into the estimation of the national income of India.

Who is the father of national income in India?

Dadabhai Naoroji was the first Indian to estimate the national income of the country. 2.

WHO releases data of national income of India?

The National Statistical Office (NSO), Ministry of Statistics and Programme Implementation is releasing in this Press Note the First Advance Estimates (FAE) of National Income at both Constant (2011-12) and Current Prices, for the financial year 2021-22 along with the corresponding estimates of expenditure components …

Who invented national income?

One economist whose interests and expertise were crucial to the early development of national income measurement—the cornerstone of gross national product (GNP)—was Simon Kuznets.

Who was VKRV Rao?

Vijayendra Kasturi Ranga Varadaraja Rao was a multifaceted personality – Economist, Educationist, Administrator and Institution builder. After collegiate education in Bombay, he obtained a Ph. D in Economics from Cambridge in 1936.

Who introduced the concept of national income?

1. Marshall’s Definition: ADVERTISEMENTS: Marshall defines national income or national dividend in the following way: “The labour and capital of a country, acting on its natural resources, produce annually a certain net aggregate of commodities, material and immaterial including services of all kinds…

WHO releases data of national income in India Mcq?

the Central Statistics Office (CSO)
Who releases data of national income in India? Explanation: The GDP figures in India are released by the Central Statistics Office (CSO), which comes under the Ministry of Statistics and Program Implementation (MOSPI). 14.

Who is the father of GDP?

GDP is the most commonly used measure of economic activity. The first basic concept of GDP was invented at the end of the 18th century. The modern concept was developed by the American economist Simon Kuznets in 1934 and adopted as the main measure of a country’s economy at the Bretton Woods conference in 1944.

Who was the chairman of the national income Committee 1949?

P.C. Maharanobis
In 1949, soon after the establishment of independent India, the National Income Committee (NIC) was formed to compile statistics and estimate national income. The committee was headed by P.C. Maharanobis and included D.R. Gadgil and V.K.N.V. Rao.

Who was the chairman of the national income Committee constituted in 1949?

Prof. PC. Mahalanobis
The Government of India appointed the National Income Committee after independence in August 1949 with Prof. PC. Mahalanobis as its Chairman and Prof.