International Research journal of Management Science and Technology

  ISSN 2250 - 1959 (online) ISSN 2348 - 9367 (Print) New DOI : 10.32804/IRJMST

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STAISTICAL ANLYSIS OF GROSS VALUE ADDED AND GROSS DOMESTIC PRODUCT

    1 Author(s):  PROF. SURJIT KUMAR

Vol -  6, Issue- 6 ,         Page(s) : 92 - 101  (2015 ) DOI : https://doi.org/10.32804/IRJMST

Abstract

During 2015 the percentage growth rate is improved to 7.5 % in comparison to 6.6% of 2014. This indicates the positive change in GVA, but this showing the decreasing rate in 2014 & 2015 in comparison to 2013 & 2014. Even the rate of FDI increase during the 2015. FDI in India-‘According to UNCTAD’s World Investment Report 2015, India ranks third among most prospective host economy for 2015-17 (after China and the US) in the world, as per a survey among Multi National Enterprises. India’s rank also improved to ninth among the top countries ranked by FDI inflows in 2014, compared to 15 in 2013’. Gross value added (GVA) is a measure in economics of the value of goods and services produced in an area, industry or sector of an economy. In national accounts GVA is output minus intermediate consumption, it is a balancing item of the national accounts' production account. Over-simplistically, GVA is the grand total of all revenues, from final sales and (net) subsidies, which are incomes into businesses.

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