Impact of National Income on Saving and Capital Formation in India

The study of national income estimate provides a vivid picture of the entire economy of a country. It enables to know the economic condition of the nation, per capita income and the standard of the people. National income includes the aggregates income of all the people in a country over a period of one year. The study analyses the growth of national income and thereby per capita income. It also examines the impact of national income on savings and investment. The growth of national income and per capita income has been estimated over a period of past sixty years of planned economic development of India.