Economy NOtes

Gross National Happiness (GNH) represents a distinctive approach to evaluating the quality of life and overall well-being of a society

Gross Value Added (GVA) is the metric that gauges the total value generated by goods and services within an economy (such as an area, region, or country).

The UN Human Development Index (HDI) was introduced in 1990 by Pakistani economist Mahbub ul Haq, with assistance from Amartya Sen

Growth and development are central to understanding the progress of societies and economies. Traditionally, gross domestic product (GDP)

The structural composition of an economy is a reflection of how economic activities are categorized based on their nature and function

The division of the Indian economy into three sectors, along with their respective components, is a common way of categorizing

National Income is a critical measure of a country’s economic performance. It is derived from Net National Product (NNP) by adjusting for indirect taxes and subsidies

Economic growth is a vital component of a nation’s economic progress. It brings about various benefits, including job creation, income augmentation

Economy and economics play a central role in shaping the well-being and progress of societies. Let’s delve deeper into these concepts

GDP, or Gross Domestic Product, represents the total value of goods and services produced within a country’s borders in a given period.