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Gross Value Added

  • 29/11/2018

The government in 2015 changed the methodology to Gross Value Added (GVA) from the earlier GDP and brought forward the base year for computation to 2011-12 from 2004-05. 

In economics, gross value added (GVA) is the measure of the value of goods and services produced in an area, industry or sector of an economy. In national accounts GVA is output minus intermediate consumption; it is a balancing item of the national accounts' production account.