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TRENDS IN NATIONAL INCOME. MEANING NATIONAL INCOME THREE APPROACHES TO DEFINE NATIONAL INCOME PRODUCT METHOD INCOME METHOD EXPENDITURE METHOD.

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Presentation on theme: "TRENDS IN NATIONAL INCOME. MEANING NATIONAL INCOME THREE APPROACHES TO DEFINE NATIONAL INCOME PRODUCT METHOD INCOME METHOD EXPENDITURE METHOD."— Presentation transcript:

1 TRENDS IN NATIONAL INCOME

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

3 NATIONAL INCOME IN INDIA BEFORE INDEPENDENCE PCY DADABHAI NAOROJI - RS. 20 WADIA AND JOSHI - RS. 44 SHAH AND KHAMBATA - 74 VKRV RAO ------- 62 MINISTRY OF COMMERCE---------198

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

5 NATIONAL INCOME AFTER INDEPENDENCE NATIONAL INCOME COMMITTEE 1951-1954 CENTRAL STAISTICAL ORGANISATION CONVENTIOANL SERIES-1952-67 BASE 1949 FIRST REVISED SERIES-BASE TO 1960 SECOND REVISED- BASE 1970 THIRD –BASE 1980 FOURTH – BASE 1993-94 FIFTH-1999-2000 ;; NEW SERIES-2004-05

6 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

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

8 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

9 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

10

11 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


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