Name some notable economist who estimated india per capita income during the colonial period
Answers
Answer:
Dadabhai Naoroji, R C Das, VKRV Rao were some economists who estimated per capita income of India during colonial period.
Explanation:
Dadabhai Naoroji also gave the concept of drain of wealth in his book "Poverty and Unbritish rule in India". He explained how the British empire is draining resources from India and moving it to England. He calculated per capita income for 1867-70 at Rs. 20 only. VKRV Rao supported the methosd adopted by him.
Answer:
As the British government was never interested in upliftment of our country, so they never took any initiative to measure India’s national and per capita income.
Though some of the economists tried to estimate India’s national income and per capita income during the colonial rule, but the results are mixed and conflicting.
The following are some of the notable economists who were engaged in estimation of national income and per capita income:-
i. Dadabhai Naroji
ii. William Digbay
iii. Findlay Shirras
iv. V.K.R.V Rao
v. R.C. Desai
Out of these, V.K.R.V Rao’s estimates are considered to be significant.
Most of these studies revealed that Indian economy grew at even less than two percent during 1900-50 with half per cent growth in per capita output per year.