growth of national income critical appraisal of existing development indicators cpci imr SR and other income and health indicator
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Generally, economic development is a method of development over a long span of time. Though there are various criteria or policies to regulate economic expansion, yet none furnishes a satisfying and extensively satisfactory index of financial development.
National Income as an Index of Development:
There is an accumulation of certain statisticians which manages the growth of federal income should be deemed to be the most suitable index of economic development. They are Hicks D. Samuelson, Meier, Baldwin, Simon Kuznets, Pigeon and Kuznets who preferred this method as a foundation for estimating economic development. For this plan, net national product (NNP) is favored to the gross national product (GNP) as it provides a better impression about the growth of a country.