Question

Role of indian economy in the process of development in primary sector in 1951

Answer 1

. Quantitative Changes:

i. Rising trend of 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).