National Income

  • The total amount of money earned within a country.
  • Developed countries - Switzerland, Australia, Germany, Norway, United States, South Korea, United Kingdom, Ireland
  • Developing countries - India, Indonesia, Pakisthan, Brazil, Srilanka
  • The Central Statistics Organisation is responsible for co-ordination of statistical activities in the country, and evolving and maintaining statistical standards.
  • Its activities include National Income Accounting; conduct of Annual Survey of Industries, Economic Censuses etc.
  • The CSO was set up in the cabinet secretariat on 2 May 1951.
  • The CSO is located in Delhi .
  • Who had estimate National Income in India first - Dadabhai Naoroji (1868).
  • The first person to adopt a scientific procedure in estimating the national income was Dr. VKRV Rao in 1931
  • Estimates of National Income after Independence - Prof. P.C. Mahalanobis.
  • The first report of the committee was presented in 1951.