nominal gdp of india as measaured on oct.2014 was
Answers
Answer:
Explanation:
Nominal gdp of india as measaured on oct.2014 was 2.04 lakh crores USD.
RELATED STATISTICS
GDP growth rate
7.4% annual change (2014)
GNI per capita
5,610 PPP dollars (2014)
GDP per capita
1,576.00 USD (2014)
Answer: 7.4%
Explanation:
The nominal GDP of India as measured on October 2014 was 7.4% which was higher growth than 2013 which stood at 6.9%. . The new GDP number was based on a new method of calculating GDP.
The 2014 GDP figure stood at $2,039,130 million . In 2014 the GDP per capita of India stood at $1,574 which was higher than previous year which was $1,486.
The Central Statistics Office changed the method of its calculation of headline GDP from GDP at factor cost to GDP at market price to make it more comparable with international growth. They revised the base year to 2011-12 from 2004-05 and even broadened its area of manufacturing and included corporate database from the government and under-represented sectors in arriving at the growth figure.
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