ESTIMATED OF NATIONAL INCOME IN INDIA
In 1868, the first attempt was made by Dadabhai Naoroji in his book ‘Poverty and Un-British Rule in India’. He estimated the per capita annual income to be Rs.20.
The first scientific attempt to measure national income in India was made by Professor VKRV Rao in 1931-32. He divided the Indian economy into 13 sectors.
In 1949, the National Income Commission under the Chairmanship of Professor PC Mahalanobis was constituted. The other members were Professor VKRV Rao and Professor DR Gadgil.
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