GDP…indian economy

The economy of India, measured in USD exchange-rate terms, is the twelfth largest in the world, with a GDP in excess of $1 trillion (2008). It recorded a GDP growth rate of 9.0% for the fiscal year 2007–2008 which makes it the second fastest big emerging economy, after China, in the world. At this rate [...]

Nominal/Real GDP

Alternative Approaches to Calculating GDP
There are three approaches to calculating GDP:

expenditure approach – described above; calculates the final spending on goods and services.
product approach – calculates the market value of goods and services produced.
income approach – sums the income received by all producers in the country.

These three approaches are equivalent, with each rendering the same [...]

GDP…expenditure approach..

The gross domestic product (GDP) or gross domestic income (GDI) is one of the measures of national income and output for a given country’s economy. GDP is defined as the total market value of all final goods and services produced within the country in a given period of time (usually a calendar year). It is [...]

How India calculates Inflation….

all about Indian system of inflation calculation, its flaws and ground realities…..

Inflation and its calculation !!

All about inflation, its rise, the Indian System of calculating inflation and how it differs from the U.S. and other countries….