Components of GDP

Gross Domestic Production or GDP is made up of various components, which are broadly classified into the Primary, Secondary and Tertiary sector of the Economy. Primary Sector is agriculture and related activities. Secondary Sector includes the manufacturing activities, Industries etc. ..

Per Capita Income

Income from Domestic Product Accruing to Private Sector:This refers to that part of the domestic product at factor cost which accrues to the private sector of the economy. It is estimated as follows:NDP_FC-Income from domestic product accruing to Government –savings ..

India’s Net National Product at Factor Cost

The following graphics shows the NNP of our country for last few years. Net Domestic Product at Factor Cost NDP_FCThe estimation of the net value added at the factor cost in the domestic territory of the country for an accounting ..

Concept of Net Domestic Product & Net National Product

Every capital goods such as building, machines, equipments, tools, trucks, tractors, trains, airplanes are subject to depreciation and it is a common fact. When Depreciation which is also known as consumption of fixed capital is deducted from the GDP, it ..

India’s Gross National Product

Please note that in every economic survey, the data on Gross National Product (GNP) and Net National Product (NNP) are available till the last financial year. In the Economic survey, a broad estimate of Percapita income is made which is ..

India’s GDP at Factor Cost

Growth Rate for GDP (Constant Prices) at Factor Cost of Real GDP is shown in the following Graphics: GDP at Factor Cost is called Real GDP. This is because it takes into account various other factors which give a clearer ..