question_answer 2)

Name some notable economists who estimated India's per capita income during the colonial period.

Answer:

The following are some of the notable economists who were engaged in estimation of national Income and per capita income (i) Dadabhai Naoroji (ii) William Digby (iii) Findlay Shirras (iv) VKRV Rao (v) RC Desai Out of these, VKRV Rao's estimates are considered to be significant Moat of these studies revealed that Indian Economy grew at even less than two per cent during the first hall of the twentieth century i.e., during 1900-1950 with half per cent growth in per capita output per year.