Question

1. Estimate the NI of India and Pakistan from the data given below.

2. Which method is used here? 

3. What are the other methods of measuring national income?

Answer 1

1. National income of India = ₹2885 crore National income of Pakistan = ₹1860 crore 

2. The method used here is the product method or value added method. 

3. Income method and expenditure method are the other two method of measuring national income.