What is GNP? Understanding GNP. How does GNP Impact Global Economy? What the full form of GNP? GNP means Gross National Products What is GNP? GNP means that it is measuring the value of the goods and services produced by country’s residents and businesses during a specific period. What are the examples of GNP? Tata Group of Companies is the largest Indian business group. Tata companies are having presence in more than 150 countries. Tata motors has operation in UK, South Korea, and Spain etc. Tata steel is having subsidies in Malaysia, Thailand, and UAE etc. Whatever production done by Tata group is the part of Indian GNP. Location is not important for GNP, but residential is more important. Uniliver company is originated from the London. But Uniliver has operations in India also. But the value of production done by Uniliver company is not part of Indian GNP. Because of this company is based from London, not India. Is GNP importa...
Impact of Inflation on Economic Variables of Indian Economy Co-relation between Inflation and GDP Growth Rate: Year Inflation (%) GDP Growth Rate 2019 3.73% 3.87% 2020 6.62% -5.83% 2021 5.13% 9.05% 2022 6.70% 7.24% 2023 5.49% 7.2% Co-relation -0.303597716 Analysis: Above data indicates that the co-relation between inflation and GDP growth rate during 2019 to 2023 is -0.3036. It suggests that there is negative relationship between inflation and GDP growth rate. As inflation increase, GDP growth rate decreases, but the relationship is not very strong. Lagged Effects: Inflation might affect the GDP growth rate in long term. We can measure thr long term effect of inflation on GDP growth rate by comparing ...
