Which goods and services are taken for calculating GDP in India?
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Answer:
Written out, the equation for calculating GDP is: GDP = private consumption + gross investment + government investment + government spending + (exports – imports). For the gross domestic product, “gross” means that the GDP measures production regardless of the various uses to which the product can be put.
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Answer:
India's GDP Calculation Process
Agriculture, forestry, and fishing.
Mining and quarrying.
Manufacturing.
Electricity, gas and water supply.
Construction.
Trade, hotels, transport, and communication.
Financing, insurance, real estate, and business services.
Community, social and personal services.
Oct 19, 2019
Explanation:
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