The difference between GDP and GVA is based on the growth rated in taxes and subsidies. The National Statistics Office (NSO) at the Ministry of Statistics and Programme Implementation recently ...

In 2023-24 we see that the difference between GDP and consumption has increased to 4.5 percentage points. Since the release of the GDP (Gross Domestic Product) estimates for third quarter (Q3) 2023-24 ...

Purchasing power parity (PPP) is an economic concept that compares the relative value of currencies by examining the cost of identical goods and services across different countries. It helps determine ...

PPP allows us to understand and make comparisons between two countries about the price of the same goods and services in both countries. India pips countries like Germany, Britain in GDP, image credit ...