V K R V Rao Contribution To Indian Economy

This is a collection of essays by 16 renowned indian economists on contemporary issues linked to india s economic development.

V k r v rao contribution to indian economy. National income v k r v rao the indian economy has reached a high rate of domestic saving and capital formation and yet poverty and unemployment seem to be on the increase the level of growth is nowhere near that reached even by the middle level industrialised countries even though the rate of saving and capital formation seems to be approaching their level. 1 economic activity 2 features of underdeveloped countries 3 industrial development 4 national income methodology 5 institutional development 6 poverty 7 deficit financing 8 fiscal policy 9 income tax 10 price policy 11 the human factor in economic growth and others. Great indian economists 7 v k r v. As an institution builder he had the capability so rare in india of thinking carefully about the organisational structure of institutions so that they could survive his departure.

Brahmananda the great trinityofpre independent and pos tindependent indian economists consisted of d r gadgill c n vakil and v k rv. Their creative vision for socio economic development. Among the topics covered in the essays are structural breaks in the india growth process. Rao according to p r.

Life sketch and contribution to indian economy edited by debendra kumar das new dehli. He had his early schooling in tindivanam and madras chennai. Relevance of the solow growth model for a developing economy. Deep deep publications 2004.

There are three published works by v k r v rao on national income an essay on india s national income 1925 29 1936. The following points highlight the top thirteen contributions of v k r v. Sources of the growth acceleration in india from the 1980s and the contribution of sectoral changes to overall. These scholars were imbibed with a missionary zeal and analyzed the indian economic problems with a view to designing and propagating economic policies programmes and plans to india s national advantage.

V k r v rao was the first person to estimate national income on scientific basis in india in 1931 he was also the member of the commission constituted by the government of india post independence to estimate national income in 1949 this commission. Rao was born in a kannada speaking madhwa brahmin family on 8 july 1908 at kancheepuram in tamil nadu to kasturirangachar and bharati amma. For rao economic theory was only a servant of economic policy. The national income of british india 1940 and india s national income 1950 80 1983.