GS3 › Indian Economy
Revision note: National Income, Growth and the Budget
- GDP = within borders; GNP adds net factor income from abroad
- Real GDP removes inflation; NSO (MoSPI) publishes it
- Fiscal deficit = total borrowing need; primary = FD − interest
- Budget = Annual Financial Statement (Art. 112); FRBM 2003
Source: https://upscprep.in/upsc/gs3/indian-economy/national-income-growth-and-the-budget/ · UPSCPrep.in