GDP

India Factory Output down by 0.4 percent in October

Data released friday shows that India’s economy could expand at a much lower page than expected and that the industrial output may have contracted by 0.4%, the first time in the last 15 years. This has been attributed to both a domestic and external demand for goods produced by Indian companies.The sharp fall is likely to increase pressure on the government and the Reserve Bank of India (RBI) to undertake another round of policy measures to boost domestic demand.

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Gross National Product - GNP

Gross National product is a measure of national income and output, and is used to estimate the welfare of an economy by totaling the value of goods and services produced in an economy. GNP, along with GDP are the primary measures of national income and output. The key difference between the two is that GDP is the total output of a region, eg. America, and GNP is the total output of all nationals of a region, eg. Americans.

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RBI hikes CRR to 8.25 percent, interest rates unchanged

The Reserve Bank of India (RBI) today hiked the Credit Reserve Ratio (CRR) by 25 basis points to 8.25 per cent with effect from May 24 and left key interest rates unchanged in its annual the monetary and credit policy for the year 2008-09.

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Gross Domestic Product - GDP

GDP or Gross Domestic Product of a country is considered to be one of the most important measure of economic activity in that country. The percapita gross domestic product is the GDP (total income) of a country, divided by its population. It provides a good measure of the economic activity and well-being of the country for international comparative purposes.

GDP is an aggregation of the demand, production and income of the country. In many countries, especially small and in the Third World, growth is hectic and irregular, with frequent and deep absolute falls and booms.

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