India GDP per capita Rs 99,872 ($1567) 2014-15

Shotgunner51 said:

Double-checked, it does says NNI on the link. Is there any government data on GDP, in INR preferred?

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2014-15 economy is about 126 trillion INR

definitelynotIndian said:

2014-15 economy is about 126 trillion INR

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That was estimated back in early 2014, now the updated figure is on table I posted. 124.986 trillion INR.

Providence said:

It is clear you don't know an iota of economics. That's why you are arguing against definitions and have clearly no appreciation of the terms which economists use on a daily basis.

As for the thread starter, I will give him a pass. Despite the perceived intentions, if a member is willing to learn then it's fine !

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i don't see u know anything either where have u noticed i said NNI and GDP are the same thing i clearly said i just noticed it was NNI and asked if any GDP data available and u know economics? show me

definitelynotIndian said:

2014-15 economy is about 126 trillion INR

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Do you have an official link say government source for this 126 trillion INR?

Want to double-check this is:
1) actual historical figure instead of projection/forecast for 2014-2015; if actual figures are only available upto say last quarter (2015Q1) that's also good enough.
2) GDP as per SNA2008 instead of other indicators

Shotgunner51 said:

i don't see u know anything either where have u noticed i said NNI and GDP are the same thing i clearly said i just noticed it was NNI and asked if any GDP data available and u know economics? show me

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Okay here you go:

Difference Between GNP, GDP and GNI

NP and GDP both reflect the national output and income of an economy. The main difference is that GNP (Gross National Product) takes into account net income receipts from abroad.

• GDP (Gross Domestic Product) is a measure of national income / national output and national expenditure produce in a particular country.
• GNP = GDP + Net property income from abroad. This net income from abroad includes, dividends , interest and profit.
  GNP includes the value of all goods and services produced by nationals whether in the country or not.

Example of GNP
If a Japanese multinational produces cars in the UK. This production will be counted towards UK GDP. However, if the Japanese firm sends £50m in profits back to shareholders in Japan. Then this outflow of profit is subtracted from GNP. UK nationals don’t benefit from this profit.

If a UK firms makes profit from insurance companies located abroad, then if this profit is sent back to UK nationals, then this net income from oversees assets will be added to GNP.

Note if a Japanese firm invests in the UK, it will still lead to higher GNP, as some national workers will see higher wages. However, the increase in GNP will not be as great as GDP.

• If a county has similar inflows and outflows of income from assets, then GNP and GDP will be very similar.
• However, if a country has many multinationals who repatriate income from local production, then GNP will be lower than GDP.

For example, Luxembourg has a GDP of $87,400 but a GNP of only $45,360.

A country like Ireland has received significant foreign investment. Therefore for Ireland, there is a net outflow of income from the profits of these multinationals. Therefore, Irish GNP is lower than GDP.

GNI
GNI (Gross national Income) is based on a similar principle to GNP. The World Bank define GNI as

GNI is the sum of value added by all resident producers plus any product taxes (minus subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad.

The World Bank now use GNI rather than GNP.

UK GNI

This shows a small net income from abroad so the GNI £715,028m is greater than GDP (£713,980)

Providence said:

Okay here you go:

Difference Between GNP, GDP and GNI

NP and GDP both reflect the national output and income of an economy. The main difference is that GNP (Gross National Product) takes into account net income receipts from abroad.

• GDP (Gross Domestic Product) is a measure of national income / national output and national expenditure produce in a particular country.
• GNP = GDP + Net property income from abroad. This net income from abroad includes, dividends , interest and profit.
  GNP includes the value of all goods and services produced by nationals whether in the country or not.

Example of GNP
If a Japanese multinational produces cars in the UK. This production will be counted towards UK GDP. However, if the Japanese firm sends £50m in profits back to shareholders in Japan. Then this outflow of profit is subtracted from GNP. UK nationals don’t benefit from this profit.

If a UK firms makes profit from insurance companies located abroad, then if this profit is sent back to UK nationals, then this net income from oversees assets will be added to GNP.

Note if a Japanese firm invests in the UK, it will still lead to higher GNP, as some national workers will see higher wages. However, the increase in GNP will not be as great as GDP.

• If a county has similar inflows and outflows of income from assets, then GNP and GDP will be very similar.
• However, if a country has many multinationals who repatriate income from local production, then GNP will be lower than GDP.

For example, Luxembourg has a GDP of $87,400 but a GNP of only $45,360.

A country like Ireland has received significant foreign investment. Therefore for Ireland, there is a net outflow of income from the profits of these multinationals. Therefore, Irish GNP is lower than GDP.

GNI
GNI (Gross national Income) is based on a similar principle to GNP. The World Bank define GNI as

GNI is the sum of value added by all resident producers plus any product taxes (minus subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad.

The World Bank now use GNI rather than GNP.

UK GNI

This shows a small net income from abroad so the GNI £715,028m is greater than GDP (£713,980)

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LOL ... googled results from the web to play keyboard economist? come on kid that's too easy ... at least don't try no wiki, no OECD, no IMF or WB, come on try others .. go get some

India GDP per capita is Rs 99,872 ($1567).



http://www.mospi.nic.in/mospi_new/upload/nad_press_release_9feb15.pdf

I will say what I said in the other thread,

Indian government reports GDP at Factor cost, whereas Pakistan and other countries as well IMF reports gdp at market prices. So what you are getting from the Indian government economic survey is obviously gonna be less than the IMF figures. From next year onwards Indian goverment will be reporting the GDP figures at market prices in line with the other countries of the world. That's one of the many changes that was brought in during the recent change in gdp calculation method.

IMF figure is the Indian gdp at market price and should be compared to the $1513 of Pakistan, which reports it gdp at market prices!!!

The mental gymnastics of some PAkistanis is rather amusing

What is nominal growth rate of Pakistan right now?

Roybot said:

I will say what I said in the other thread,

Indian government reports GDP at Factor cost, whereas Pakistan and other countries as well IMF reports gdp at market prices. So what you are getting from the Indian government economic survey is obviously gonna be less than the IMF figures. From next year onwards Indian goverment will be reporting the GDP figures at market prices in line with the other countries of the world. That's one of the many changes that was brought in during the recent change in gdp calculation method.

IMF figure is the Indian gdp at market price and should be compared to the $1513 of Pakistan, which reports it gdp at market prices!!!

The mental gymnastics of some PAkistanis is rather amusing

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And they said India is cooking up figures when we switched to market prices lol.

Lets STOP THE NONSENSE.

THIS THE GDP and FUTURE EXPECTED GROWTH RATE OF INDIA

India GDP Forecast 2015, Economic Data & Country Report | Gross Domestic Product per capita, growth & history

2.27 Trillion Dollars on 20th MAY 2015....

IE IMF ESTIMATE TODAY AT LUNCH TIME


REGARDLESS INDIAN GDP IS A MASSIVE GDP OF OVER $2 TRILLION AND WILL GROW BY A WHOPPING 8% NEXT YEAR AND EVEN FASTER IN 2017

BIG BIG BIG NUMBERS $$$$$$$$$$$

Shotgunner51 said:

LOL ... googled results from the web to play keyboard economist? come on kid that's too easy ... at least don't try no wiki, no OECD, no IMF or WB, come on try others .. go get some

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You are a stupid kid. I explained you the difference between GNI and GNP and GDP. It's clear that you don't want to learn and neither have the attitude for it.

But then you are chinese people. Talking with references and well acclaimed data points have never been your forte !

Roybot said:

I will say what I said in the other thread,

Indian government reports GDP at Factor cost, whereas Pakistan and other countries as well IMF reports gdp at market prices. So what you are getting from the Indian government economic survey is obviously gonna be less than the IMF figures. From next year onwards Indian goverment will be reporting the GDP figures at market prices in line with the other countries of the world. That's one of the many changes that was brought in during the recent change in gdp calculation method.

IMF figure is the Indian gdp at market price and should be compared to the $1513 of Pakistan, which reports it gdp at market prices!!!

The mental gymnastics of some PAkistanis is rather amusing

Click to expand...

Yeah $1390 was wrong, real GDP per capita is $1567 2014-15 according to IG.

save_ghenda said:

But India's GNI is Rs124.986 trillion as of 2014-15 according to that table..... To get real per capita we just need to divide it with population.

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divide your 124.98662 with population you get 98616 not 88000 &
Buddy 1.960 trillion you did was at current exchange rate of 63.75 INR ,you should do it with it around 61 for 2014 -15 which is more appropriate

GDP=2.048 trillion $
Per capita income= 1616$

save_ghenda said:

Yeah $1390 was wrong, real GDP per capita is $1567 2014-15 according to IG.

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Where you getting this figure from now?

nik141991 said:

divide your 124.986620 with population you get 98616 not 88000 &
Buddy 1.960 trillion you did was at current exchange rate of 63.75 INR ,you should do it with it around 61 for 2014 -15 which is more appropriate

GDP=2.048 trillion $
Per capita income= 1616$

My figure is almost same as predicted buy IMF & others

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Buddy you was right, look at this. Indian goverment provided "GDP" per capita, Rs99,872 ($1567)

http://www.mospi.nic.in/mospi_new/upload/nad_press_release_9feb15.pdf

Roybot said:

Where you getting this figure from now?

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He is using GDP for last year with current exchange rates.