Question

Who prepared the first estimates of the national income of India in 1876?

• A. Dadabhai Naoroji
• B. P. C. Mahalanobis
• C. V. K. R. V. Rao
• D. William Digby

Answer 1

Answer:

A. Dadabhai Naoroji

Dadabhai Naoroji was the first to estimate India's national income in 1876. He introduced the "Drain Theory," arguing that British rule drained India's wealth. Naoroji's calculations highlighted the economic disparity between India and Britain. His work raised awareness about the economic impact of colonial rule.