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