The formula for \(GNP_{FC}\) is:
\( GNP_{FC} = \text{Wages \& Salaries} + \text{Rent \& Interest} + \text{Corporate Tax} + \text{Undistributed Profit} + \text{Dividend} + \text{Depreciation} + \text{Net Factor Income from Abroad} \)
Substituting the given values:
\( GNP_{FC} = 2000 + 800 + 500 + 300 + 200 + 150 + (-50) \)
Simplifying:
\( GNP_{FC} = 2000 + 800 + 500 + 300 + 200 + 150 - 50 \)
Final Answer:
\( GNP_{FC} = ₹ 3,900 \text{ crore} \)
During the British rule, India’s foreign trade had various features except _________ .
Read the following text carefully from ‘The Economic Times’ dated 8th June, 2023:
{“The Reserve Bank of India’s (RBI’s) rate-setting panel unanimously decided to keep the benchmark lending rate unchanged at 6.5%. The committee voted to remain focused on the withdrawal of accommodative monetary policy.”}
On the basis of the given text and common understanding, answer the following questions: (a) Identify and discuss the economic issue indicated in the above text.