Question

The economist who for the first time scientifically determined national income in india is dr___________.

Answer 1

Dr.V. K. R. V. Rao is national income. in India

Answer 2

The economist who for the first time scientifically determined national income in India is Dr. V.K.R.V. Rao

Explanation:

• National income includes the value of goods and services produced by a country or a region in a specific period of time. The goods are bought by the people by spending their income. The income earned by the the people gives the per capita income of the people
• Dr. V.K.R.V. Rao  used the scientific method for determining of national income by dividing the Indian economy into two parts where one related to the 'corporate sector' and the other was the 'agricultural sector', He calculated the income based on these two sectors
• The 'Central Statistical Organisation' which is under the government is responsible  for determining the national income of the country. They have divided the into various sectors for finding the total estimates of national income

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What is national income and the features of national income?

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