Mar 20
What is GDP, its full form, types, new GDP series and India’s growth rate. GDP measures the total value of goods and services produced in a
GDP stands for Gross Domestic Product and it is the total financial value of all final goods and services produced within a country borders in a specific time period. GDP measures the total value of goods and services produced in a country. In 2026, India updated its base year to 2022-23 with growth projected at 7.1% for 2024-25.