How and who calculate the GDP of india
Answers
Answer:
GDP=Private consumption+ gross investment + government investment + government spending + (exports - imports) The GDP deflator remains extremely important as it measures price inflation. It is calculated by dividing Nominal GDP by Real GDP and then multiplying by 100. (Based on the formula).
The Central Statistics Office (CSO), under the Ministry of Statistics and Program Implementation(MoSPI), is the responsible authority for macroeconomic data gathering and statistical record keeping. There are basically three methods for calculation of GDP of India.
Explanation:
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Answer:
GDP=Private consumption+ gross investment + government investment + government spending + (exports - imports) The GDP deflator remains extremely important as it measures price inflation. It is calculated by dividing Nominal GDP by Real GDP and then multiplying by 100. (Based on the formula).