7) Differentiate between GDP and GVA (Gross Value Added). In the light of recent debate over India’s new GDP estimation, examine why GVA has been given importance.

Topic: Economic growth

7) Differentiate between GDP and GVA (Gross Value Added). In the light of recent debate over India’s new GDP estimation, examine why GVA has been given importance. (200 Words)

Business Standard

Investopedia