Question:medium
__________ estimates India's national and per capita income during the colonial era was considered very significant.
__________ estimates India's national and per capita income during the colonial era was considered very significant.
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William Digby → Early national income estimates during colonial period
Updated On: Mar 19, 2026
- William Digby
- V.K.R.V. Rao
- Findlay Shirras
- R.C. Desai
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The Correct Option is A
Solution and Explanation
Step 1: Understanding the Concept:
During the colonial period, there were no official estimates of national income. Several individuals made private estimates.
Step 2: Detailed Explanation:
While Dadabhai Naoroji, William Digby, and others estimated income, the estimates of V.K.R.V. Rao are considered the most significant and scientifically rigorous for that period. He used a combination of the product and income methods.
Step 3: Final Answer:
V.K.R.V. Rao's estimates are the most highly regarded among colonial-era calculations.
During the colonial period, there were no official estimates of national income. Several individuals made private estimates.
Step 2: Detailed Explanation:
While Dadabhai Naoroji, William Digby, and others estimated income, the estimates of V.K.R.V. Rao are considered the most significant and scientifically rigorous for that period. He used a combination of the product and income methods.
Step 3: Final Answer:
V.K.R.V. Rao's estimates are the most highly regarded among colonial-era calculations.
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