Question

What are the main difficulties while measuring national income in
India? Write (any four).​

Answer 1

Answer:

The difficulties are: 1. Prevalence of Non-Monetized Transactions 2. Illiteracy 3. Occupational Specialisation is Still Incomplete and Lacking 4. Lack of Availability of Adequate Statistical Data 5. Value of Inventory Changes 6. The Calculation of Depreciation 7. Difficulty of Avoiding the Double Counting System 8. Difficulty of Expenditure Method.