Understanding GDP of India (by Be Money Aware Blog)

This is an excellent article written by Be Money Aware Blog on the basics of GDP interpretation and the mechanics behind that number. Here is the link to the original article. Overview of GDP GDP, or Gross Domestic Product, is the value of all goods and services produced in the economy over a period of …

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The myth of GDP

In this blog we shall discuss how GDP is calculated and why GDP growth is a myth. GDP = Production * Price per unit Let us suppose a country A produces 5000 tractors per year and nothing else. Let us suppose it takes 25000 rupees to produce one tractor. GDP = 5000 * 25000 Now, …

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