Name some notable economists who estimated India’s per capita income during the colonial period?
As the British government was never interested in upliftment of our country, so they never took any initiative to measure India's national and per capita income. Though some of the economists tried to estimate India's national income and per capita income during the colonial rule, the results are mixed and conflicting. The following are some of the notable economists who were engaged in estimation of national income and per capita income:
(i) Dadabhai Naroji
(ii)William Digbay
(iii) Findlay Shirras
(iv) V.K.R.V Rao
(v) R.C. Desai
Out of these, V.K.R.V Rao's estimates are considered to be significant. Most of these studies revealed that Indian economy grew at even less than two percent during 1900-50 with half per cent growth in per capita output per year.
Match the following:
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1. Prime Minister 3. Quota 4. Land Reforms 5. HYV Seeds 6. Subsidy |
A. Seeds that give large proportion of output C. Chairperson of the planning commission D. The money value of all the final goods and services produced within the economy in one year. E. Improvements in the field of agriculture to increase its productivity F. The monetary assistance given by government for production activities. |
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Welcome to the NCERT Solutions for Class 11 Economics - Indian Economic Development - Chapter . This page offers a step-by-step solution to the specific question from Excercise 1 , Question 2: Name some notable economists who estimated India’s per capita income during the colonial perio....
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