Gross Domestic Product or GDP

Gross Domestic Product or GDP is the monetary value of all goods and services produced within a country in a specific period of time, typically a quarter/year. GDP is one of the primary indicators used to gauge the health of a country’s economy.
A significant change in GDP, usually has a significant effect on the stock market. Real GDP refers to economic output adjusted for Inflation while Nominal GDP is not inflation adjusted. India’s GDP in 3rd quarter of 2018 was 7.1%, well below the earlier quarter of 8.2% due to slowdown in consumer spending.
The highest ever recorded quarterly GDP figure is 11.4% during Q1 of 2010 under Dr. Manmohan Sigh. India is the 6th largest economy in the world by nominal GDP. Since 2014 with the exception of 2017, India’s economy has been the world’s fastest growing major economy, surpassing China

PenguWIN attempts to decode Financial Jargons <GDP>