Methods of Calculation — Mains Questions

Examine the challenges faced by India in measuring national income through the three methods of calculation. How are technological advancements helping to address these challenges?

Analyze why the three methods of national income calculation give different results in practice, despite being theoretically equivalent. Discuss the implications for economic policy making.

Evaluate the role of the informal sector in India's national income calculation. How do the three methods address informal sector measurement differently?