When was the National Income Committee formed to calculate national income?

National Income Committee was formed in 1949 by the government of the country. The chairperson was Prof. P.C. Mahalanobis and had Prof D.R. Gadgil and Dr. V.K.R.V. Rao as members . It presented its first report in 1951, according to which the national Income of India for 1948-49 was Rs. 8,710 crore and the per capita income was Rs. 225.