Gross Value Added (GVA)
- GVA is defined as the value of output less the value of intermediate consumption.
- It is used to measure the output or contribution of a particular sector.
- When such GVAs from all sectors (∑ GVA) are added together and adding taxes (product) and reducing subsidies (product), we can get the GDP (at market price). GVA thus shows the production contribution of a particular sector.
- Technically, GDP at Market Prices = ∑ GVA at basic prices + product taxes – product ....
Do You Want to Read More?
Subscribe Now
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 before the last six months of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Related Content
- 1 Threatened Freshwater Species of Western Ghats
- 2 Shikari Devi Wildlife Sanctuary's Designated as Eco-Sensitive Zones
- 3 Indore and Udaipur Achieve Wetland City Accreditation
- 4 Industrial Clusters
- 5 Quadrantid Meteor Shower Peaked in January
- 6 New Glenn Rocket Successfully Reaches Orbit
- 7 Vikas Engine Restart for Reusability
- 8 Stargate
- 9 Armenia to Begin European Union Membership Bid
- 10 India-France Foreign Office Consultations
News Snippets
- 1 Trade Defence Wing (TDW)
- 2 Factoring
- 3 Justice Clock
- 4 Social Constructivism
- 5 ‘Sentinel on the qui vive’
- 6 Pradhan Mantri Matru Vandana Yojana (PMMVY)
- 7 Atal Pension Yojana (APY)
- 8 Aspirational District Program
- 9 Somnath Temple
- 10 Harwan Buddhist Monastery
- 11 Torana
- 12 Government Capital Expenditure (Capex)
- 13 Barbell Strategy
- 14 First Advance Estimates(FAE) of GDP
- 15 Formosa Bond
- 16 Disinvestment
- 17 EU’s Digital Rights and Principle
- 18 Global Counterterrorism Forum (GCTF)
- 19 Reciprocal Access Agreement (RAA)
- 20 Vikas Engine
- 21 China’s Artificial Moon
- 22 Red Sanders
- 23 Septemeranthus
- 24 Bomb Cyclone
- 25 Geopark
