Question

find out whether the following are included in domestic product of india or not , give reason​

Answer 1

Answer:

(a) Profits earned by foreign companies in India

Profit earned by foreign companies in India will be included in the domestic product of India as they lie within the domestic territory of the country.

(b) Salaries of Indians working in the Russian Embassy in India

No, this will not be included in the domestic product as the Russian Embassy is not part of the domestic territory of India.

(c) Profit earned by a branch of State Bank of India in Japan

No, this will not be included in the domestic product as the branch of State Bank is located in Japan and thus, is not a part of domestic territory of India.

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