ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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From 50 Years Ago (27 May 2006)

down. Even if the fall in money incomes and FROM 50 YEARS AGO Rs 630 crores during the last year of the in prices exactly offset one another, it would First Plan. The press-note on national income be misleading to imagine that the fall in prices issued by the Cabinet Secretariat shows also had, therefore, no effect on the economy. The that per capita income remained unchanged estimate of national incomes, being a statebetween 1953-54 and 1954-55 at Rs 269, the ment of the result of the interaction of various Vol VIII No 21, May 26, 1955 increase in total income being evidently forces, cannot indicate causal relationships offset by the increase in population over the that bring about changes in economic activity period... and hence in the aggregate figure.

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