Gross National Product (GNP)
It is GDP, plus any income earned by residents from overseas investments, minus income earned within the domestic economy by overseas residents.
So, it is income of all Indians irrespective of the the country they currently reside minus income of foreign nationals residing in India.
If an American company produces cars in the India, this production will be counted towards India's GDP. However, if the American company sends 50 m dollars of profits back to shareholders in US, then this outflow of profit is subtracted from GNP. Indian nationals don’t benefit from this profit.
If an Indian medicine company unit produces medicines in the US , and sends back profit to India , it will be added to India's GNP.
It is GDP, plus any income earned by residents from overseas investments, minus income earned within the domestic economy by overseas residents.
So, it is income of all Indians irrespective of the the country they currently reside minus income of foreign nationals residing in India.
If an American company produces cars in the India, this production will be counted towards India's GDP. However, if the American company sends 50 m dollars of profits back to shareholders in US, then this outflow of profit is subtracted from GNP. Indian nationals don’t benefit from this profit.
If an Indian medicine company unit produces medicines in the US , and sends back profit to India , it will be added to India's GNP.
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