Dear Sir / Madam,
Please can you explain what is GDP? and how it is calculated.
Appreciate your feedback
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What is GDP
Replies (2)
Quick Summary
C+I+G+net of imports and exports.
It's is a measure of economic growth
GDP is ---> Gross Domestic Product.
how it is calculated --->> The formula to calculate GDP is – GDP = C + I + G+ NX. Here, C denotes consumption expenditure, I denotes investment, G is for government expenditure, and NX signifies net exports.
For more details, please go through the link
https://cleartax.in/s/what-is-gdp-of-india-and-how-to-calculate
how it is calculated --->> The formula to calculate GDP is – GDP = C + I + G+ NX. Here, C denotes consumption expenditure, I denotes investment, G is for government expenditure, and NX signifies net exports.
For more details, please go through the link
https://cleartax.in/s/what-is-gdp-of-india-and-how-to-calculate
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