Trend of growth of national income in india
Answers
Answered by
1
A detail study of the trend of the national income in India over the last 40 years is very much essential for attaining a clear understanding about the impact of planning on the Indian economy. Both the national income and per capita income are first collected at current prices and then at constant prices for eliminating the effect of any change of price level during that period.
This trend in national income also reflects on the standard of living of the people of India. Thus, the national income at current prices is influenced by both the increase in production of goods and services and the rise in prices. In order to make the national income figures comparable, these figures are deflated at constant prices just for eliminating the effect of any change in the price level of the country. Let us now look into the trends in the national income figures and per capita income figures of India both at current prices and at constant prices obtained through C.S.O.’s new series with 1980-81 as base year.
hope this helps....
if it helps then please please please mark this as brainliest.....
This trend in national income also reflects on the standard of living of the people of India. Thus, the national income at current prices is influenced by both the increase in production of goods and services and the rise in prices. In order to make the national income figures comparable, these figures are deflated at constant prices just for eliminating the effect of any change in the price level of the country. Let us now look into the trends in the national income figures and per capita income figures of India both at current prices and at constant prices obtained through C.S.O.’s new series with 1980-81 as base year.
hope this helps....
if it helps then please please please mark this as brainliest.....
Similar questions