In 2015, India opted for Gross Value Added (GVA) in lines with the UN System of National Accounts of 2008. According to the SNA, gross value added, is defined as the value of output minus the value of intermediate consumption and is a measure of the contribution to GDP made by an individual producer, industry or sector. Details from the news is important for both prelims and mains.
The editorial discusses India’s role in the new world order. This news is related to the topic International Relations of GS 2. Click to read the article