Volume : V, Issue : XII, December - 2015

Trends in National Income of India

Dr. Samir Mazidbhai Vohra

Abstract :

An economy is an organization of the processes of production and exchange through which people earn their living. The national economy, thus, comprises all the farms and factories, the shops and markets, the banks and financial agencies, the offices and the other institutions: or in ief all the occupations where people work and produce either goods or services, and use the incomes thus earned, for consumption, saving and investment. The current series of national income estimates records India’s national income since 1950–51 onwards. For the purpose of compå national income and per capita incomes over different years, the estimates of national and per capita income at some constant base–year prices are taken. This is so, because the national income figures at current year prices value the output of the year at the prices prevailing in that very year. This article describes the major trends in national income in India since 1950–51. It also analyze the trend of national income over sixty years.

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Article: Download PDF   DOI : 10.36106/ijar  

Cite This Article:

Dr. Samir Mazidbhai Vohra Trends in National Income of India Indian Journal of Applied Research, Vol.5, Issue : 12 December 2015

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