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TRENDS IN NATIONAL INCOMEPowerPoint Presentation

TRENDS IN NATIONAL INCOME

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Presentation Transcript

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 ------- 62

MINISTRY OF COMMERCE---------198

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
- 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

- 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

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