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Economics Basics for UPSC Part 1 (in Hindi)
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Economics Basics for UPSC Part 1 (in Hindi)

Chetan Gaurav
UPSC IES | UPSC CSE | GATE QUALIFIED 2016 | Public speaker | YouTuber | Teaching GS | Debator | Loves cooking | Photography

U
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Sarwar Imam
10 months ago
thanks to watching. Keep watching and sharing
hearty thanks to you sir. your efforts are much and more meaningful to us. heartfelt respect to you.
Am
is this course available in English
your teaching style is awesome.... pls bring a course on modern history.... pls sir
Chetan Gaurav
7 months ago
Hi Kajal , Pleasure is all mine dear 🤗 Suggestion noted down 😊 Till than stay tuned to my channel 😊
Chetan Gaurav
a year ago
most welcome dear..enroll my other courses too...enjoy learning.. big things made easy....do spread my course link on other social media websites and with your friends too ☺
  1. Basic Fundamentals of Economics Digital India Saansad Adarsh Gram Yojana Chetan Srivastava


  2. GROSS DOMESTIC PRODUCT Gross is comparatives term without adjusting depreciation. Product means an article Domestic means Existing or occurring inside a particular boundany or Geographical boundary which includes Indian Embassy and Indian ships & Plane Outside But that is manufactured or Production of commodities (also called as Visibles) & Services (invisibles) If depreciation is adjusted then it is becomes NET Production simply means value addition. Addition con toke ploce either in commodities or in services. Excluding foreign Embassies in India & Excluding foreign Ships and Planes in India & many more things Total production of commodities & services within the geographical boundary including some items & excluding some items without adjusting the depreciation is called as GDP. DOYOU KNOW! DEPRECIATION is an allocation of charge of wear and tear of an asset. It is also known as CAPITAL CONSUMPTION ALLOWANCE.


  3. KEY POINTS: India has become $2.264 trillion economy in the year 2016 (As per world bank) GDPas per 2011-12 series, the sectoral distribution of each area which contributes to GDP is as given below Sectorial Distribution 17.32 % Services Industries Agriculture 29.02 % current GDP growth rate of India is 7.1% (As per the recent data released by Central Statistics office which comes under ministry of statistics and programme implementation MOSPI)


  4. GDP GOVERNMENT CONSUMPTION t INVESTMENTEXPORT IMPORT SPENDINGS NET DOMESTIC PRODUCT GDP DEPRECIATION Total production of commodities & services within the geographical boundary Including some items & excluding some items adjusting the depreciation is called as NDP.


  5. GROSS NATIONAL PRODUCT Gross is comparatives term without adjusting depreciation. Product means an article that is manufactured or Production of commodities (also called as Visibles) & Services (invisibles) By Nationals precisely by Residents???? If depreciation is adjusted then it is becomes NET Residents means residing any where either in India or in foreign countries Production simply means value addition. Addition can toke place either in commodities or in services. Total production of commodities & services by the Indians or residents of country within the geographical boundary including some items & excluding some items without adjusting the depreciation is called as GNP. cluding some items &exc


  6. NET NATIONAL PRODUCT GNP DEPRECIATION Total production of commodities & services within the geographical boundary Including some items & excluding some items after adjusting the depreciation is called as NNP. UMMARIZING THE WHOLE CONCE FOR GDP just simply refer to AREA (i.e. Production in India. Who is doing the production? Any foreigner or Indian that is not considered) FOR GNP just simply to RESIDENT of (i.e. Indian Nationals meeting the Resident condition status as per income tax act of 1961) Commodities Total Production of Services Without Depreciationit is called as GNP Area (Geographical Boundary) Residents If depreciation is considered it is called as NNP Without Depreciation it s called as GDP If depreciation is considered it is called as NDP


  7. RELATION BETWEEN GDP & GNP GLOBAL PRODUCTION OF COMMODITIES IN INDIA OUTSIDE THE INDIA by INDIANS OUTSIDERS INDIANS OUTSIDERS PRODUCTION WITHIN INDIA PRODUCTION BYINDIANS means GDP GNP means P+Q) (R-Q) (P+R) FOREIGNERS OR LEARNING TRICK INDIANS ABROAD OUTSIDERS IN INDIA () me eans Total Production by Indians abroad Total Production by foreigners abroad NET FACTOR INCOME FROM ABROAD GDP NFIA) DEP +NFIA NDP GNP GDP + NFIA = GNP +NFIA DEP (P+Q+ (R-Q))= P+R NNP DEP DEPRECIATION