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Why GVA is NOT GDP? | GDP vs GVA Explained | UPSC Economy
GVA vs GDP made dead simple — using just flour and a biscuit! 200g of flour becomes a 125g biscuit worth more, and that extra worth is value added. Total up every producer's value addition across the country and you get Gross Value Added (GVA). But is GVA the same as GDP? No — add taxes and subtract subsidies, and GVA becomes GDP. One quick ...
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