define Gross Domestic Product who is responsible for collecting data for GDP in India how is it calculated
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The gross domestic product (GDP) is one of the primary indicators used to gauge the health of a country's economy. It represents the total dollar value of all goods and services produced over a specific time period; you can think of it as the size of the economy.
The Central Statistics Office (CSO), under the Ministry of Statistics and Program Implementation, is responsible for macro economic data gathering and statistical record keeping
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GDP is the gross domestic product which the sum of produce of all three sectors primary, secondary and tertiary sector. The government is responsible to collect GDP the present GDP as from 2017 is 2.6 lakh crore usd
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