what is the economy status of our country india, whether GDP is increased or decreased with suitable examples.
Answers
Answered by
1
GDP of India increases.
Economy and growth go hand in hand.
Ex:-
Consider the price of an article is Rs. 300INR which is exported from China. Similarly the same product is being Exported to to USA. The price of that article must be something Around (2$–3$) if we convert this to INR it would be something around max 270INR. This occurrs beacuse of difference in so called GDP.
GDP : Gross Domestic Product
Economy and growth go hand in hand.
Ex:-
Consider the price of an article is Rs. 300INR which is exported from China. Similarly the same product is being Exported to to USA. The price of that article must be something Around (2$–3$) if we convert this to INR it would be something around max 270INR. This occurrs beacuse of difference in so called GDP.
GDP : Gross Domestic Product
Similar questions