Question
Who estimated national income in India first?
Answer: Option B
Answer: (b)
Dadabhai Naoroji had estimated national income in India first. National income estimate before independence was prepared by Dadabhai Naoroji in 1876.
He estimated national income by estimating the value of agricultural production and then adding some percentage of non– agricultural production. This method was non–scientific.
VKRV Rao - The first person to adopt a scientific procedure postmating the national income was Dr VKRV Rao in 1931.
R.C. Dutt - He was an Indian civil servant, economics, historian, writer and translator of Ramayan & Mahabharat. D.R. Gadgil - A social scientist and the first critic of Indian planning.
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Answer: (b)
Dadabhai Naoroji had estimated national income in India first. National income estimate before independence was prepared by Dadabhai Naoroji in 1876.
He estimated national income by estimating the value of agricultural production and then adding some percentage of non– agricultural production. This method was non–scientific.
VKRV Rao - The first person to adopt a scientific procedure postmating the national income was Dr VKRV Rao in 1931.
R.C. Dutt - He was an Indian civil servant, economics, historian, writer and translator of Ramayan & Mahabharat. D.R. Gadgil - A social scientist and the first critic of Indian planning.
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