Question 57
MediumOriginal questionWho made the first estimate of India's national income, in the late nineteenth century?
Show the answer and explanation
CorrectNot quiteAnswer A
Correct answer: A
Explanation
Dadabhai Naoroji published the first estimate, in Poverty and Un-British Rule in India.
The estimate was part of his drain of wealth argument, which used the figure politically.
V. K. R. V. Rao made the first scientific estimate later, in the 1930s.
Worth noting
The first official estimate came after Independence, from the National Income Committee set up in 1949 under Mahalanobis.
- Concept
- The first estimate of India's national income
- Typical timeTypical
- 40 s
- Your timeYours
- —
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