Top 10 Secret GDP Full Forms | Full Details of GDP?

The full form of GDP stands for “Gross Domestic Product” The gross domestic product significance is a very important indicator to judge the country’s economic growth in a specific time or fiscal year.

The economic growth of any country provides attractive signals to foreign investors to invest and start a business in a particular country.

To measure the economic growth of any country, gross domestic product (GDP) indicators are a solid measure tool.

To increase the GDP indicators there are several aspects links with it i.e. sustainable progress, peaceful environment, encourage foreign investment, business-friendly policies, and more.

Top 5 Key Components of GDP

There are five basic parts of the Gross Domestic Product (GDP) are (Private) consumption, fixed investment, change in inventories, government purchases (i.e. government consumption), and net exports.

The INDIA projected economy's average growth rate has been between 10.5%

Three types of GDP

The economists determined that the Gross Domestic Product (GDP) in 3 ways; however, these 3 methods give us the same indicators.

They are the production (or output or value added) approach, the income approach, or the expenditure approach

What is GDP Formula?

Gross Domestic Product (GDP) is defined by the following formula: GDP = Consumption + Investment + Government Spending + Net Exports or more succinctly as GDP = C + I + G + NX where consumption (C) represents private-consumption expenditures by households and nonprofit organizations, investment (I) refers to business expenditures.

GDP full form in Hindi | जीडीपी फुल फॉर्म हिंदी में

जीडीपी का पूर्ण रूप "सकल घरेलू उत्पाद" के लिए है, सकल घरेलू उत्पाद का महत्वदेश के आर्थिक विकास को विशिष्ट समय या वित्तीय वर्ष में निर्धारित करने के लिए बहुतमहत्वपूर्ण संकेतक है।

Full-Form of GDP “Gross Domestic Product”