Answer :

National Income Committee was formed in 1949 by the government of the country. The chairperson was Prof. P.C. Mahalanobis and had Prof D.R. Gadgil and Dr. V.K.R.V. Rao as members . It presented its first report in 1951, according to which the national Income of India for 1948-49 was Rs. 8,710 crore and the per capita income was Rs. 225.


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