Concept: GVA

Topic: Economy

Category: State of Indian Economy.

Related News: Hindu, Feb 11

CNA mentions: 1(Feb 11)


Gross value added (GVA) is the measure of the value of goods and services produced in an area, industry or sector of an economy, in economics. In national accounts GVA is output minus intermediate consumption;[1] it is a balancing item of the national accounts’ production account. As the total aggregates of taxes on products and subsidies on products are only available at whole economy level, Gross value added is used for measuring gross regional domestic product and other measures of the output of entities smaller than a whole economy.