Most Significant Income Estimator – Colonial India
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Question (English)
Among the following economists, whose estimates of India's national income during the colonial period were considered most significant?
- Dadabhai Naoroji
- V.K.R.V. Rao ✓ Correct
- William Digby
- Findlay Shirras
Explanation:
Correct Answer Explanation
V.K.R.V. Rao's estimates of India's national income during the colonial period were considered very significant and most reliable.
Key Points:
- The colonial government never made any sincere attempt to estimate India's national and per capita income.
- Notable estimators: Dadabhai Naoroji, William Digby, Findlay Shirras, V.K.R.V. Rao, and R.C. Desai.
- Individual attempts yielded conflicting and inconsistent results.
- V.K.R.V. Rao's estimates were regarded as the most significant among all.
📚 About this Topic — CH-1: INDIAN ECONOMY ON THE EVE OF INDEPENDENCE
This multiple choice question is from CH-1: INDIAN ECONOMY ON THE EVE OF INDEPENDENCE, Indian Economic Development, NCERT Books. It has 4 options with a detailed explanation of the correct answer. Practice more MCQs from CH-1: INDIAN ECONOMY ON THE EVE OF INDEPENDENCE to strengthen your preparation.
