Question

growth of national income critical appraisal of existing development indicators​

Answer 1

Net national income, thus, is a crude index of measuring development on the ground that it does not consider population growth of a country.

A faster growth of net national income in a year may be eaten away by a much faster growth rate of population, thereby nothing is left for saving and capital accumulation. Further, this index of net national income does not say anything of the standard of living of the people. In spite of economic growth, the standard of living may be eroded because of high growth of population, income inequality, etc.