What is GDP? what is India's GDP in 2010-11 – InterviewSolution

1.	What is GDP? what is India's GDP in 2010-11
Answer» t constant prices (i.e. at the price level of the base YEAR 2004-05) has been fluctuating during the period 2001-02 to 2013-14. The fluctuations range from 3.84% in the year 2002-03 to 9.57% in 2006-07.The GDP growth rate DECREASED from 5.81% in 2001-02 to 3.84% in 2002-03. Thereafter, GDP growth rate increased and reached a high growth trajectory of 9% plus growth. India EXPERIENCED 3 CONSECUTIVE years of GDP growth rate in excess of 9% viz. 9.48% in 2005-06, 9.57% in 2006-07 and 9.32% in 2007-08.

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