what is the gdp of Assam?
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The Gross Domestic Product (GDP) is a monetary measure of the market value of all the final goods and services produced in a specific time period, often annually (Source- Wikipedia) definition.
In my words, GDP is a calculated measure used to compare the differences in living standards at a macro level. The comparison of differences is considered between countries. It provides the value of the economical activity of the place.
Simple formula to calculate GDP = private consumption + gross investment + government investment + government spending + (exports – imports).
What is the GDP of Assam?
For the FY 2019-2020, Rs.3.74 lakh crore (approx), with the Gross State Domestic Product (GSDP) of 2.97%.
GDP growth rate of 12.4% (2018-19)
*All facts and figures are approximate.
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