May 2024
Intermediate to advanced
470 pages
28h 9m
English
Content preview from Business Environment by Pearson
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176 | Business Environment
the base year, as against the existing series with 1980–81 as the base year. Although the total
national income has registered an increase in the new series, the estimates of gross domestic
savings (GDS) have revised downwards.
METHODOLOGY OF NATIONAL INCOME
ESTIMATION IN INDIA
In India, the estimation of national income is being done by two methods, that is, product method
and income method.
Net-product Method
While estimating the gross domestic product (GDP) of the country, the contribution to GDP
from various sectors, like agriculture, livestock, shery, forestry and logging, and mining and
quarrying is estimated with ...
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