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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

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Meaning
MEANING

  • NATIONAL INCOME

  • THREE APPROACHES TO DEFINE NATIONAL INCOME

  • PRODUCT METHOD

  • INCOME METHOD

  • EXPENDITURE METHOD


National income in india
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


Difficulties in measuring ni
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 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


Methods to measure ni aftter independence
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 independence1
METHODS TO MEASURE NI AFTTER INDEPENDENCE

  • EXPENDITURE METHOD OR

  • RURAL CONSTRUCTION ACTIVITY ;; COMMODITY FLOW METHOD FOR URBAN CONSTRUCTION


Importance
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
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


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