NATIONAL INCOME ||ECONOMY.

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National Income Of India National income measures the net value of goods and services

produced in a country during a year and it also includes net earned foreign income. [ for India financial year is 1 April to 31st March].

● In other words, a total of national income measures the flow of goods and services in an

economy. National income is a flow not a stock.

● As contrasted with national wealth which measures the stock of commodities held by the nationals of a country at a point of time, national income measures the productive power of an economy in a given period to turn out goods and services for final consumption.

●National Income is defined as total net earnings from production of goods and services in a country over a period of time, consisting of wages, salaries,rent, profit,and interests.

● National Income= C+I+G+(X-M).


C=Total consumption expenditure;

I=Total Investment Expenditure;

G=Total Government expenditure;

X= Export;

M= Imports.


● National Income is considered as NNP at Factor cost.

● National Income can be measured by Gross National Product(GNP), Gross Domestic

Product(GDP),Gross National Income(GNI),Net National Product(NNP) and Per Capita

I● National Income is considered as NNP at Factor cost.

● National Income can be measured by Gross National Product(GNP), Gross Domestic Product(GDP),Gross National Income(GNI),Net National Product(NNP) and Per Capita  Income(PCI).



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