What is GDP?

The Gross Domestic Product or GDP is a measure of all of the services and goods produced in a country over a specific period; classically a year.

    The value of GDP shows a Country's economic growth and production during the Financial year.
If the GDP of a country is above 8 or 9% the economic growth is high in that particular country and if it is below 5% tat economic growth is poor and should be improved.

Eg:  GDP during 2008-09 is 6.7% in India.
        GDP in the current Financial yr 2012-13 is estimated to be 5.5%.

Govt makes some special policies to improve the GDP growth if it is lowered.