[imp Q&A*] National income /GDP/GNP - For All competitive exam

Anil ke Articles February 16, 2021

 What is National Income / GDP/GNP/NDP/NNP etc. -  related imp question and answer with latest facts -  for competitive exam .


important facts and question answer related to India's national income, GDP, NDP, GNP Net national product


 Here all the important facts and question answer related to India's national income, GDP, NDP, GNP Net national product etc.   written in very easy language, which are frequently asked in various competitive exam like- Upsc, mppsc, ssc, mp police, banking ,railway, ibps exam.


  • The first national income and per capita income in India was calculated by Dada Bhai Naoroji.He had stated the per capita income to be ₹ 20 in 1867-68,
  • Dada Bhai Naoroji is also called Grand old man of India, -
  • After the independence in India, the National Income Committee was established in 1949 to calculate the national income,
  • The chairman of the National Income Committee was PC Mahalanovis,
  • The calculation of national income in India is done by the Central Statistical Organization (Central Statistical Organization -CSO)
  • Statistics related to the calculation of national income in India are collected by the NSSO [National Sample Survey Organization].
  • At present, the state of Maharashtra contributes the most to the overall GDP of India, Maharashtra accounts for about 14% of the total GDP.
  • The order of the three top states of India which contributed most to GDP is as follows.

             1. Maharashtra 2. Uttar Pradesh 3. Gujarat


  • Bihar is the youngest populous state in India, the average age of population of Bihar state is 20 years.
  • The highest average age state of India is Kerala, the average age of its residents is 31 years.
  • National income in India is calculated on the basis of the financial year i.e. April 1 to March 31.
  • National income in India is calculated by two methods - excise method and income method.
  • Only national income at the cost of the instrument is called national income. [Net national product at factor cost = Nation income]
  • Currently, the base year of national income calculation is scheduled for 2011-12.

  • From the year 2015 in India, the national income is calculated based on the market price [market price] rather than the instrument cost [factor cost].
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