Consider the following statements (1) Dadabhai Naoroji was the first Indian to estimate the National Income of the country (2) National Income Committee established in India after getting Independence was headed by Professor VKRV Rao . Which of the statements given above is/are correct?

Both (1) and (2) statements are true

A first rough estimate of National Income was done by Dadabhai Naoroji for 1867-68; published in his book Poverty and Unbritish rule in India (famous for its Drain of Wealth theory)

The first scientific estimate made by Prof V K R V Rao (1931-32)

Learn more: Measurements of National Income

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