Dr Manmohan Singh, our Prime Minister, reminded recently of the country’s economic security. On the basis of GDP, India ranks at the 10 th place in the world. However, when it comes to per capita income the country’s rank is a pathetic 141. We are a rich country with poor people, in other words. GDP is the sum of all the products and services of a country. If we calculate the sum of the entire amounts spent by the government and the private sector including individuals as well as the savings and earnings from exports and then subtract the sum spent in imports, we will get the country’s GDP for the concerned year. Interestingly, the GDP will grow when prices rise. When you spend more money on petrol or shopping or medicine, you are raising the GDP of your country. If you wash your own clothes instead of paying a launderer for that, or polish your shoes instead of paying a shoeshine boy, or cook your own food instead of eating at a restaurant or some such plac
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