Open AccessV.K .R.V. Rao, India's National II/come 1950 1980. All Analysis of Economic Growth and Change. Sage Publications India Pvt . Ltd., New Delhi, 1983, pp.xv + 208, Tables (text) 146 + (appendix) 6, Appendices, Index; Price (hardbound edition) Rupees (Indian) 125.00.
Author(s) -
Sohail J. Malik
Publication year - 1985
Publication title -
pakistan development review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.154
H-Index - 26
ISSN - 0030-9729
DOI - 10.30541/v24i2pp.183-188
Subject(s) - measures of national income and output , government (linguistics) , poverty , estimation , new delhi , politics , national accounts , political science , economics , geography , law , management , accounting , linguistics , philosophy , market economy , metropolitan area , archaeology
The history of Indian national income estimates goes back to1876 when Dadabhai Naoroji made the first crude estimates for the year1867-68. However, these estimates and most of the work that followed wastainted by the political biases of t he researchers. The main purpose ofnational income statisticians including Naoroji, uptil 1934, was topoint out the stark poverty and sub-marginal conditions of an averageIndian as a direct result of an alien rule. In 1934 V.K.R.V. Raopublished "an Essay on India's National Income, 1925- 29", which ISwidely regarded as the first authentic academic exercise into theestimation of the national income of India. In 1949 the Government ofIndia, realizing the need for reliable estimates of national income forpolicy purposes appointed the National Income Committee under thechairmanship of Professor Mahalanobis. The Committee had two members,Professor Gadgil of the Gokhale Institute lt Poona and Professor Rao,the then head of the Delhi School of Economics. This Committee wasresponsible for putting the national accounts estimation of India on amodern footing.