Question

What do you know about the national income of india?

Answer 1

economy of India is a developing mixed economy.] It is the world's sixth-largest economy by nominal GDP and the third-largest by purchasing power parity (PPP). The country ranks 139th in per capita GDP (nominal) with $2,134 and 122nd in per capita GDP (PPP) with $7,783 as of 2018.After the 1991 economic liberalisation, India achieved 6-7% average GDP growth annually. Since 2014 with the exception of 2017, India's economy has been the world's fastest growing major economy, surpassing China.

Economy ofIndia

Mumbai, Maharashtra is the financial centre of India[1][2]

CurrencyIndian rupee (INR) ₹1 = 0.015 USD

Fiscal year

1 April  – 31 March

Trade organisations

WTO, WCO, WFTU, G-20, BIS, AIIB, ADB, WCOStatisticsGDP$2.848 trillion (nominal; 2018 est)[3]
$10.385 trillion (PPP; 2018 est)]GDP rank

6th (nominal)

3rd (PPP)

GDP growth

8.1% (2015) 7.1% (2016)

6.6% (2017) 7.3% (2018)[4]

7.2% (MOSPI Q4, 2018–19)[

GDP per capita

$2,134 (nominal; 2018 est)[
$7,783 (PPP; 2018 est)[

GDP per capita rank

139th (nominal)

122nd (PPP)

GDP by sector

Agriculture: 17.32%
Industry: 29.02%
Services: 53.66% (2016 est.)

Answer 2

National income is the total value of a country’s final output of all new goods and services produced in one year.

India's Net National income is 134.86 lakh crore during 2016-17.

There are three methods to calculate Nation Income :

In the First method, it is straightway the national output that is evaluated.

In the Second method, it is the income accuring from production and sale of goods and services which is accounted for.

And in the Third method, it is the expenditure on these goods and services which is estimated.