TRENDS IN NATIONAL INCOME

MEANING NATIONAL INCOME THREE APPROACHES TO DEFINE NATIONAL INCOME PRODUCT METHOD INCOME METHOD EXPENDITURE METHOD

NATIONAL INCOME IN INDIA BEFORE INDEPENDENCE PCY DADABHAI NAOROJI - RS. 20 WADIA AND JOSHI - RS. 44 SHAH AND KHAMBATA - 74 VKRV RAO MINISTRY OF COMMERCE

DIFFICULTIES IN MEASURING NI NO GOVT. AGENCY NO RELIABLE DATA NO UNIFORMITY IN METHODS ESTIMATES BASED ON CURRENT PRICES

NATIONAL INCOME AFTER INDEPENDENCE NATIONAL INCOME COMMITTEE CENTRAL STAISTICAL ORGANISATION CONVENTIOANL SERIES BASE 1949 FIRST REVISED SERIES-BASE TO 1960 SECOND REVISED- BASE 1970 THIRD –BASE 1980 FOURTH – BASE FIFTH ;; NEW SERIES

METHODS TO MEASURE NI AFTTER INDEPENDENCE VALUE ADDED METHOD-AGRICULTURE; FORESTRY; FISHING; MINING REGISTERED MANUFACTURING VALUE ADDED = VALUE OF OUTPUT – VALUE OF INTERMEDIATE GOODS INCOME METHOD -COTTAGE AND SMALL INDUSTRIES; UNREGISTERED MANUFACTURING; ROADS WATER TRANSPORT; HOTELS; ADDING FACTOR INCOMES; OR PROFIT LOSS ACCOUNTS

METHODS TO MEASURE NI AFTTER INDEPENDENCE EXPENDITURE METHOD OR RURAL CONSTRUCTION ACTIVITY ;; COMMODITY FLOW METHOD FOR URBAN CONSTRUCTION

IMPORTANCE TO ESTIMATE THE NLEVEL OF ECONOMIC DEVELOPMENT TO CALCULATE PER CAPITA INCOME TO ANALYSE BUSINESS CYCLES TO HELP IN FORMULATION OF ECONOMIC FOR INTERNATIONAL COMPARISONS TO ANALYSE REGIONAL COMPARISONS

DIFFICULTIES IN MEASURE MENT OF NATIONAL INCOME NON MONETISED SECTOR LACK OF DISTINCT DIFFERENTIATION IN ECONOMIC ACTIVITIES CONCEPTUAL PROBLEMS- DEFINITION ;; BASE YEAR BLACK MONEY INTERREGIONAL DIFFERENCES NO RELIABLE DATA DUE TO ILLITERACY

WRONG DISCLOSURE OF DATA DIFFICULTIES OF SAMPLING TECHNIQUES LACK OF SKILLED – TRAINED PERSONNEL WHAT IS NOT ICLUDED IN NI ILLEGAL ACTS NON ECONOMIC ACTIVITIES BLACK MONEY