Question

Who calculated national income of India for the first time and when?

Answer 1

Answer:

Dadabhai Naoroji calculated the National Income of India in 1876

Explanation:

Answer 2

Dadabhai Naoroji calculated the 'national income of India' for the first time in 1876.  

Explanation:  

• Naoroji calculated the national revenue primarily by considering the production of agriculture and then adding a part of it as the non-agricultural revenue.  
• Though it is not a very scientific approach, it still was the first attempt at calculating national revenue in early 1876.  
• It was done to understand the 'economic condition of the country' and whether it would be self-reliant on itself for its sustenance post-independence from the British rule.