Question

Discuss the pattern of growth and structural change in India over the period 1951 to 2005..(word limit-500 words)

Answer 1

quantative changes;1.rising trend for national Income and per Capita Income:Economic growth of any country is measured by the increase in national and per capita output.

During the plan period, national income of the country has certainly gone up. In 1950- 51, net national product at factor cost or national income (at 1999-2000 prices) stood at Rs. 2,06,493 crore. It rose to Rs. 27,60,325 crore in 2007-08 (at 1999- 2000 prices).