Review Article
Year: 2017 | Month: January | Volume: 4 | Issue: 1 | Pages: 7-9
Factors Affecting GDP – Opinions, Studies and Interpretation
Sunil J. Kulkarni
Datta Meghe College of Engineering, Airoli, Navi Mumbai, Maharashtra, India
ABSTRACT
The gross domestic product (GDP) is one of the primary indicators used to measure the condition of a country's economy. It can be estimated by three methods namely output method, input method and expenditure method. The economic growth has been driven by the expansion of services that have been growing consistently faster than other sectors. FDI in I.T. sector is unavoidable phenomenon in modern economy. The government needs to have stricter control on the FDI and monitor it regularly. FDI provided a sound base for economic growth and development. A globalized economy demands efficiency in production.
Key words: Growth, FDI, Import, Export, macroeconomics.
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