National accounting system and main macroeconomic indicators
GDP and other metrics of macroeconomic activity
nominal GDP vs. real GDP
GNP
NNP
NI
GDP is the market value of the final goods and services produced within a country in a given time period (typically one year) without regard for the ownership of inputs. Although GDP is called „product”, we can measure it in three ways:
based on production,
based on expenditures,
based on income.
TABLE 4 : COMPONENTS OF GROSS DOMESTIC PRODUCT
|
(Base Year : 2011-12) Constant Prices
|
Items/Year
|
2017-18
|
2018-19
|
2019-20
|
2020-21
|
1
|
5
|
6
|
7
|
8
|
Private Final Consumption Expenditure
|
7330728
|
7884423
|
8321701
|
7560985
|
Government Final Consumption Expenditure
|
1344843
|
1429055
|
1541742
|
1586745
|
Gross Fixed Capital Formation
|
4083079
|
4486205
|
4730416
|
4220508
|
Changes in Stocks
|
206436
|
262639
|
158385
|
154276
|
Valuables
|
212307
|
191704
|
164527
|
167784
|
Exports of Goods and Services
|
2602012
|
2923273
|
2826639
|
2694386
|
Import of Goods and Services
|
3078274
|
3343220
|
3317165
|
2865827
|
Discrepancies
|
443451
|
169236
|
143023
|
-6117
|
Gross Domestic Product
|
13144582
|
14003316
|
14569268
|
13512740
|
Here we can see that the gross national product of india in 4 years is calculated by expenditures method
TABLE 3 : COMPONENTS OF GROSS VALUE ADDED At Basic Prices
|
GVA at Basic Prices (Base Year : 2011-12) Constant Prices
|
Items/Year
|
2017-18
|
2018-19
|
2019-20
|
2020-21
|
1
|
5
|
6
|
7
|
8
|
Agriculture, Forestry and Fishing
|
1840023
|
1887145
|
1968571
|
2040079
|
Industry
|
2811690
|
2951076
|
2892072
|
2707966
|
Mining & Quarrying
|
329612
|
330521
|
322116
|
294644
|
Manufacturing
|
2209428
|
2326067
|
2269424
|
2107068
|
Electricity, Gas, Water Supply & Other Utility Services
|
272650
|
294488
|
300532
|
306254
|
Services
|
7382458
|
7905981
|
8410827
|
7705385
|
Construction
|
964306
|
1025446
|
1035534
|
946396
|
Trade, Hotels, Transport, Communication and Services Related to Broadcasting
|
2368419
|
2537419
|
2699797
|
2208388
|
Financial, Real Estate & Professional Services
|
2537190
|
2718784
|
2916509
|
2872815
|
Public Administration, Defence and Other Services
|
1512542
|
1624331
|
1758987
|
1677786
|
GVA at Basic Prices
|
12034171
|
12744203
|
13271471
|
12453430
|
It is visible that gross national value added which is found subtracting from gross national product.
TABLE 9 : PER CAPITA NET STATE DOMESTIC PRODUCT- STATE-WISE (At Current Prices)
|
|
State / Union Territory
|
Andhra Pradesh
|
Arunachal Pradesh
|
Assam
|
Bihar
|
Chhattisgarh
|
Goa
|
Gujarat
|
Haryana
|
Himachal Pradesh
|
Jammu & Kashmir
|
Jharkhand
|
1
|
2
|
3
|
4
|
5
|
6
|
7
|
8
|
9
|
10
|
11
|
12
|
(Base : 1993-94)
|
1997-98
|
11650
|
11642
|
7966
|
4014
|
9218
|
32647
|
16585
|
17530
|
13488
|
9491
|
9581
|
1998-99
|
13965
|
12955
|
8826
|
4495
|
10056
|
40248
|
19001
|
19340
|
16144
|
11591
|
10715
|
1999-00
|
15049
|
13669
|
10080
|
4794
|
10405
|
44349
|
18831
|
21105
|
18160
|
12373
|
10362
|
(Base : 1999-2000)
|
1999-00
|
15427
|
13990
|
12282
|
5786
|
11629
|
42296
|
18864
|
23222
|
20806
|
13816
|
11549
|
2000-01
|
17195
|
15260
|
12803
|
6415
|
10744
|
43735
|
18392
|
25583
|
22795
|
14268
|
10345
|
2001-02
|
18573
|
17664
|
13059
|
6200
|
12170
|
44110
|
19823
|
28022
|
24608
|
15019
|
11034
|
2002-03
|
19434
|
17124
|
14421
|
6930
|
13002
|
48839
|
22683
|
30433
|
26627
|
16739
|
11835
|
2003-04
|
21931
|
19322
|
15487
|
6852
|
15515
|
54577
|
26922
|
34085
|
28333
|
17991
|
12951
|
2004-05
|
23925
|
22185
|
16900
|
7449
|
16976
|
66135
|
28846
|
37681
|
31197
|
19337
|
15555
|
(Base : 2004-05)
|
2004-05
|
25959
|
26721
|
16782
|
7914
|
18559
|
76968
|
32021
|
37972
|
33348
|
21734
|
18510
|
2005-06
|
28223
|
28171
|
18396
|
8223
|
20117
|
84721
|
37780
|
42309
|
36949
|
23240
|
18326
|
2006-07
|
32961
|
30132
|
19737
|
9967
|
24800
|
94882
|
43395
|
49261
|
40393
|
25059
|
19789
|
2007-08
|
39780
|
34466
|
21290
|
11051
|
29385
|
108708
|
50016
|
56917
|
43966
|
27448
|
24789
|
2008-09
|
44376
|
39726
|
24099
|
13728
|
34360
|
135966
|
55068
|
67405
|
49903
|
30212
|
25046
|
2009-10
|
50515
|
51068
|
28383
|
15457
|
34366
|
149164
|
64097
|
82037
|
58402
|
33650
|
28223
|
2010-11
|
58733
|
60961
|
33087
|
19111
|
41165
|
168024
|
77485
|
93852
|
68297
|
40089
|
34721
|
(Base : 2011-12)
|
2011-12
|
69000
|
73540
|
41142
|
21750
|
55177
|
259444
|
87481
|
106085
|
87721
|
53173
|
41254
|
2012-13
|
74687
|
82626
|
44599
|
24487
|
60849
|
234354
|
102826
|
121269
|
99730
|
56828
|
47360
|
2013-14
|
82870
|
94135
|
49734
|
26948
|
69880
|
215776
|
113139
|
137770
|
114095
|
61108
|
50006
|
2014-15
|
93903
|
114789
|
52895
|
28671
|
72936
|
289185
|
127017
|
147382
|
123299
|
61211
|
57301
|
2015-16
|
108002
|
116985
|
60817
|
30404
|
72991
|
334576
|
139254
|
164963
|
135512
|
73215
|
52754
|
2016-17
|
120676
|
124129
|
66330
|
34045
|
83285
|
378953
|
156295
|
184982
|
150290
|
76634
|
60018
|
2017-18
|
138299
|
138836
|
75151
|
36850
|
89690
|
411740
|
176961
|
210592
|
165497
|
84471
|
67484
|
2018-19
|
152286
|
154652
|
81034
|
40715
|
98254
|
423716
|
197457
|
226409
|
176459
|
95448
|
75421
|
2019-20
|
168480
|
169742
|
86801
|
45071
|
105089
|
435959
|
213936
|
247628
|
190407
|
102789
|
77739
|
2020-21
|
170215
|
.
|
.
|
46292
|
104943
|
.
|
.
|
239535
|
183286
|
104860
|
75587
|
PPP GDP per capita: GDP per capita presented on a purchasing power parity basis.
Purchasing power parity (PPP): an economic theory that estimates the amount of adjustment needed on the exchange rate between countries in order for the exchange to be equivalent to each currency's purchasing power.
There is a gross domestic product per capita according to regions of india.
GNP is the market value of the final goods and services produced by all citizens of a country in
a given time period (typically one year) without regard for the location of inputs.
GNP = GDP + net production manufactured abroad
NNP = GNP – depreciation
Depreciation is the estimate of the amount of capital (invested in assets of the economy) that will wear out or will be used up in producing GNP.
NI = NNP – indirect taxes
Indirect taxes are subtracted because they have no equivalent in production.
Direct taxes – taxes put on income directly (income taxes)
Indirect taxes – taxes put on income indirectly (sales and excise taxes)
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