What are the 4 components of GDP?

The 4 important components used while calculating the Gross Domestic Product (GDP) are net exports, Government spending on services and goods, investments done by business, and consumption done by households. You can read about the Make In India – Initiatives, Aims, Advantages & Challenges [UPSC Notes GS-III] in the given link.

Net exports are calculated by finding the difference between exports and imports of services and goods.

Further readings:

  1. Department for Promotion of Industry and Internal Trade (DPIIT) & DIPP – UPSC Notes
  2. 10 Maharatna Companies – Central Public Sector Enterprises (CPSEs)

Leave a Comment

Your Mobile number and Email id will not be published. Required fields are marked *

*

*