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
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 before the last six months of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Related Content
- 1 US Targets India’s High Tariffs
- 2 India and Vietnam Hold Fourth Policy Planning Dialogue
- 3 India-Bhutan Hold Talks on Boundary and Cooperation
- 4 India and Armenia Sign MoU on Medical Product Regulation
- 5 Poland & Baltic States to Withdraw from Ottawa Convention
- 6 India-Malaysia Discuss Trade Ties & AITIGA
- 7 India and Mongolia Strengthen Strategic Partnership
- 8 New Freshwater Algae Species Discovered in Western Ghats
- 9 U.S. Withdraws from U.N. Climate Damage Fund Board
- 10 New Species of Congrid Eel Discovered
News Snippets
- 1 Trade Defence Wing (TDW)
- 2 Factoring
- 3 Justice Clock
- 4 Social Constructivism
- 5 ‘Sentinel on the qui vive’
- 6 Pradhan Mantri Matru Vandana Yojana (PMMVY)
- 7 Atal Pension Yojana (APY)
- 8 Aspirational District Program
- 9 Somnath Temple
- 10 Harwan Buddhist Monastery
- 11 Torana
- 12 Government Capital Expenditure (Capex)
- 13 Barbell Strategy
- 14 First Advance Estimates(FAE) of GDP
- 15 Formosa Bond
- 16 Disinvestment
- 17 EU’s Digital Rights and Principle
- 18 Global Counterterrorism Forum (GCTF)
- 19 Reciprocal Access Agreement (RAA)
- 20 Vikas Engine
- 21 China’s Artificial Moon
- 22 Red Sanders
- 23 Septemeranthus
- 24 Bomb Cyclone
- 25 Geopark
