ISO 9001:2015

A COMPARATIVE STUDY OF GROWTH RATE OF PER CAPITA INCOME AND NATIONAL INCOME BEFORE AND AFTER REFORMS PERIOD

Dr. Vinita Shrivastava

Per Capita Gross national income is one of the most important indicators for considering development of any country. After the Independence India adopted Controlled economy with public sector dominated set up. Initially   first three decades were experienced with slow growth rate. First ten years after independence experienced as recovery period. 1960 to 1990 and 1990 to 2020 Researcher wanted to compare the situation of growth rate of per capita income.  As India’s Gross national product growth rate rose with high rate after reforms. Researcher is trying to study whether growth rate of per capita income is showing remarkable changes after reforms. This is the time to discuss real situation a just after 30 years of reforms and 30 years before reforms. Can we say that per capita income is also remarkable change. Researcher has studied the growth rate of per capita income from 1962 to 2020.and calculated standard deviation of each decade. She has tried to calculate the consistency of growth rate with the help of standard deviation of   growth rate each of the decade It has been observed that growth rate of per capita income is not consistent. Researcher has also calculated standard deviation of growth rates of   gross national income growth rate for each decade between 1960 to 2020.Researsher found less consistency in growth rate of per capita income as compared to gross national income.

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Keywords: Gross National Income, Per Capita Income, Growth Rate, Reforms, Development.


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