Measurement of Economic Growth: Key Indicators

Economic growth signifies a favourable transformation in economic indicators, denoting an expansion in the quantity of goods and services generated by an economy. This expansion translates to a rise in the actual national income and national production.

Important Indicators

Gross Domestic Product (GDP)

  • Gross Domestic Product (GDP) represents the aggregate worth of ultimate goods and/or services manufactured within a country's borders during a fiscal year (from April 1st to March 31st).
  • GDP encompasses the production carried out by foreign citizens within the nation's geographical confines.
  • This metric is evaluated at market prices and termed as GDP at market rates.
  • It ....
Do You Want to Read More?
Subscribe Now
To get access to detailed content

Already a Member? Login here

Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material since 2018 of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Be an Annual Subscriber

Indian Economy