V K R V Rao National Income

B gross national product.

V k r v rao national income. He was a recipient of the padma vibhushan he served as a union minister for the education in 1971 elected as member for bellary in 1967 and 1971. Method of calculation of national income in india a income method b expenditure method c production method d combined method. Who estimated national income in india first. Mehta who emphasised the human values and ethics in the discipline of economics.

The national income of a country is. P c mahalanobis p c mahalanobis was also the chairman of indian statistical institute. The first person to prepare national income estimates was dadabhai naoroji in 1868. C national income has increased and per capita income has also increased but at a slower rate d national income and per capita income have increased every year.

Though v k r v rao has published on various aspects of economics his work on india s national income is of special interest. He had his early schooling in tindivanam and madras chennai. The following points highlight the top thirteen contributions of v k r v. National income means the value of goods and services produced by a country during a financial year thus it is the net result of all economic activities of any country during a period of one year and is valued in terms of money national income is an uncertain term and is often used interchangeably with the national dividend national output and national expenditure.

Rao was born in a kannada speaking madhwa brahmin family on 8 july 1908 at kancheepuram in tamil nadu to kasturirangachar and bharati amma. B sum total of. D net national product at factor cost. 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.

A the annual revenue of the government. C net national product at market price. This was based on individual access to different data available. Rao in 1940 prepared second estimates in his work the national income of british india which is more refined and which included agriculture.

There are three published works by v k r v rao on national income an essay on india s national income 1925 29 1936. National income committee was set up in 1949 chairman dr. The first scientific estimate made by prof v k r v rao 1931 32 the indian government estimated the national income for the first time in 1948 49 through the ministry of commerce.