National income

Concept of national income National income is calculated by CSO – CENTRAL STATISCAL ORGANISATION FROM 2005 BASE YEAR FOR ANY CALCULATION OF NATIONAL INCOME IS TAKEN AS 1999-2000 BEFORE 2005 BASE YEAR WAS 1993-94 GDP- GROSS DOMESTIC PRODUCTION GNP-GROSS NATIONAL PRODUTION NNP NET NATIONAL PRODUTION NDP NET DOMESTIC PRODUTION GDP- GDP IS THE SUM TOTAL OF MARKET VALUE OF ALL FINAL GOODS & SERVICES PRODUCED INSIDE THE NATINAL TERRITORY GNP=GDP+INCOME FROM ABROAD DEPRECIATION VALUE OF CONSUMPTION OF FIXED CAPITAL =GDP-NDP NNP=GNP- DEPRECIATION NATIONAL INCOME =GDP-NET TAXES NET TAXES =INDIRECT TAXES –SUBSIDIES NATIONAL INCOME IS CALCULATED IN TWO WAYS ON CURRNT PRICES IN THIS YEAR PRODUTION IS ALCULATED BY CONSIDRING PRESENT PRICE OF GOODS AND SERVICES ON CONSTANT PRICES IN THIS PRICE ON THE BASE YEEAR IS TAKEN AS THE REFERANCE TO CALCULATE THE NATIONAL INCOME PER CAPITA INCOME = NATIONAL INCOME/ POPULATION PPP PURCHASING POWER PARTY INDEX IS CONSTRUCTED BY TAKING INTO ACCOUNT WHAT A UNIT CURRNCY CAN PURCHASE IN ITS OWN COUNTRY PLANNING IN INDIA HISTORICAL BACKGROUND 1. 1934 M.VISVESHVARYA WROTE THE BOOK PLLANED ECONMY 4 INDIA 2. 1938 NATIONAL PLANNING COMMETEE SET UP 3. 1944 BOMBAY PLAN BY 8 INDUSTRIALIST IN BOMBAY 4. 1945 PEOPLE’S PLAN BY MN ROY 5. 1950 SARVODYA PLAN BY JP NARAYAN PLANNING COMMISSION 15 MARCH 1950 CONSTITUTED BY GOI NON CONSTITUTIONAL AND NON STATURY BODY PRIME MINISTER IS EX OFFICO HEAD OF THIS FORMULATES FIVE YEAR PLAN