National income

National income is the value of goods and services produced by the citizens of a country. The first national income in India was estimated...

The national income of any country is the monetary value of its final services and goods which are produced by the residents of that country. The national income of every country includes the total investment expenditure, total consumption expenditure, net exports or imports, total government expenditure. Thus based on the consumption, expenditure, and trade data, there are three methods that you can use for the Method of Measuring National Income.

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Gross National Income (GNI) is the income earned by a country's citizens and companies. GDP and GNP comparisons. GNI per capita.

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Global economy is forecast to slowdown in the coming months, with a 2023 growth forecast at 2.7 per cent and a decreased 2024 forecast at 2.9 per cent. The US is expected to fall into recession in late 2023, while Europe's growth remains sluggish. On the bright side, India’s economy is robust with strong demand, and the ASEAN region maintains healthy growth.

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