Download the BYJU'S Exam Prep App for free IAS preparation videos & tests - Download the BYJU'S Exam Prep App for free IAS preparation videos & tests -

What does it mean when GNP is higher than GDP?

If GNP is higher than GDP, it means that the income earned by a domestic company in any overseas country is more than the income earned by a foreign firm within the country. This indicates that its citizens, businesses, and corporations are providing net inflows to the country through their overseas operations.

Further reading:

Related Links
Indian Economy Notes For IAS Preparation World Economic Outlook Report
Economic Survey GDP Figures and Economic Outlook: RSTV- Big Picture
India’s fiscal policy  Economic recovery post-pandemic

Comments

Leave a Comment

Your Mobile number and Email id will not be published.

*

*