Business Environment, 1st Edition by Pearson

| 22 | Part I: Fundamental Concepts

ESTIMATES OF THE NATIONAL

INCOME OF INDIA

A number of estimates have been made from time to time to ascertain

the national income of India. The earliest of these was made by Dadab-

hoy Naoroji for the years 1867–68. The various estimates of per capita

income in British India before Independence are shown in Table 2.8.

The estimates shown in Table 2.8, scattered over a fairly long

period, have different geographical coverage. The concepts accepted

for estimation and procedures adopted for calculation differed

widely. Thus, as the available data are imperfect, the authenticity

of these estimates cannot be ...