IAS Preparation - Economy: National Income and its Accounting

National Income of India

This video lecture talks about the various important terminologies in macroeconomics. Some of the terms explained precisely in the lecture are national income, per capita income, etc. The various interrelationships between such terms are also lucidly explained. The lecture is aided with diagrammatic illustrations in order for the point to be well-understood.

Aspirants would find this article very helpful while preparing for the UPSC 2022.

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National Income Notes

These are important concepts in the economy section of the UPSC Syllabus. Terms such as gross domestic product (GDP), net domestic product (NNP), gross national product (GNP), net national product (NNP), national income, per capita income, purchasing power parity (PPP), etc. are of much importance for both the UPSC civil services prelims as well as the mains exams. So, these terms should be studied thoroughly. Many questions have been asked in the past from these areas. Candidates should go through these terms and familiarise themselves with the concepts and also understand the implications of these terms. For example, what all factors contribute to the GDP, etc. should be understood.

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The above details would help candidates prepare for the IAS Exam.

Candidates can check out the relevant links provided below to prepare comprehensively for the exam-

Aspirants can find complete information about upcoming Government Exams through the linked article. UPSC exam-related preparation materials will be found through the links given below.

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