National Income

India is the ninth largest economy in the world by the nominal GDP.
Purchasing Power Parity (PPP) is a technique used to determine the relative value of currencies. It takes into account the relative costs and the inflation rates of the countries rather than using the exchange rates.
By Purchasing Power Parity (PPP) India is the third largest economy in the world.
GDP refers to Gross Domestic Product. It is the value of final goods and services within a country in a given year.
Base year for estimating GDP is 2004-2005.
Gross Domestic Product (GDP) at factor cost for 2012-13 Q4 is 14707.82 Billion rupees.
Central Statistical Organisation(CSO) prepares natinal income estimaties in India.
Net National Product (NNP) at factor cost is called Natinal Income.
NNP at factor cost = GNP at factor cost-depreciation.
Per capita Income is calculated by: National income/population.
National Income is measured in three ways i.e Prduction Method, Income Method, Expenditure Method.
Indian Economy