Growth of National Income & Per Capita Income Video Lecture | Business Economics for CA Foundation

now let us take up trends in national
income growth and structure
what has the trend being has it
increased or has it decreased trends
following the trends in nnp we can
divide it into two phases from 50 51 to
80 81 and from 81 to 2009 and 10
while in the first three decade decades
from 50 to 80s the NNT had grown at a
rate of three point two percent per
annum which was quite slow but after 80s
and especially after 90s when
liberalisation policy was adopted and
economic reforms had taken pace it had
grown at a considerably higher pace
better pace it grew at a pace of 6.6% an
after liberalisation when the market had
opened up the infrastructure became
better nmp had increased at a better
rate and at present it is growing at a
rate of 7.3% approximately so it has
grown over the years it has improved
because of better infrastructural
facilities and better economic reforms
that had taken kids
similarly trends and per capita income
had also improved over the years
but with per capita income the main
problem is that we have an agrarian
based economy so it per capita income
basically depends upon the income of the
agriculture when the season is good when
the monsoon are good when the harvest is
good the per capita income increases and
then it is not so it decreases initially
there were many highs and ups due to
this recently but with time it has
become better but still per capita
income has grown at a rate lower in
comparison to in NP which means though
the production is increasing and things
are looking right but still the income
in the hands of the individuals have not
increased in that proportion