Context: Fitch Ratings has lowered its 2023-24 GDP growth forecast for India to 6%, from 6.2%, citing headwinds from elevated inflation and interest rates along with subdued global demand, with the expansion seen quickening to 6.7% in 2024-25, as against the 6.9% projected earlier. […]
Context: The Indian government is considering methods to measure the value of women’s household chores to the country’s GDP. Gender Gap (GDP) in India Measuring the contribution of household chores performed by women can bring about several benefits to both the economy and women […]
Basics of National Income Accounting Economic Territory: Geographical territory administered by a government within which persons, goods and capital circulate freely. Includes: Normal Residents’ Vs Indian Citizens GDP vs GNP Scope of Goods Covered Scope of Services Covered Transfer Payments Production vs Product Taxes […]