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Gross domestic product (GDP) is an important metric for any country. It helps measure the total monetary value of goods and services flowing through an economy over a particular period of time.
#GDP #GDPcalculation
#GDP #GDPcalculation
In times of crisis, like the #coronaviruspandemic, the #GDP, along with other economic data points, is an indicator of the Indian economy’s health.
This doesn’t only include goods and services that were produced by domestic firms, but also the output generated by foreign companies in India as a result of foreign direct investment (FDI).
