Question

how national income is calculating in India​

Answer 1

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National Income is calculated by subtracting net indirect taxes ( i.e., total indirect tax-subsidy ) from NNP at market prices. The obtained value is known as NNP at factor cost or National income.

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Answer 2

Answer:

In India, the National income is calculated by the combined method. The product method endeavours to find out the net contribution to national income to all producing units. The income method adds up the income and payments accruing of factors of productions.

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