Gross Value Added (GVA)
- GVA is defined as the value of output less the value of intermediate consumption.
- It is used to measure the output or contribution of a particular sector.
- When such GVAs from all sectors (∑ GVA) are added together and adding taxes (product) and reducing subsidies (product), we can get the GDP (at market price). GVA thus shows the production contribution of a particular sector.
- Technically, GDP at Market Prices = ∑ GVA at basic prices + product taxes – product ....
Do You Want to Read More?
Subscribe Now
To get access to detailed content
Already a Member? Login here
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material since 2018 of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
News Snippets
- 1 Regional Power Conference with North Eastern States
- 2 President Droupadi Murmu Visits Slovakia
- 3 Cabinet Committee on Security (CCS)
- 4 India VIX
- 5 SAARC Visa Exemption Scheme
- 6 DigiLocker
- 7 SEFCO-2025
- 8 Goods and Services Tax Appellate Tribunal (GSTAT)
- 9 Index of Industrial Production (IIP)
- 10 Tax Collected at Source
