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How to calculate india GDP growth rate?

Answer Posted / rajendra prasad sen

Ans 8 is correct among all the others. But we may also calculate the growth rate as: Say, gdp of d year 2010 is 6926156 cr and for 2011 is 7263256 cr. Then we can calculate GDP Growth rate as - percentage increase or decrease in GDP over the year 2011 in terms of 2010. So, GDP GROWTH RATE (HERE Increase)={(7263256-6926156)/6926156}*100
=(337100/6926156)*100
=4.87(aprox). The result will b the same with the process used in ans 8.

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