In 2024, the Indian economy reported the following expenditure figures (in lakh crore rupees): Consumption expenditure = Rs. 120 lakh crore, Investment expenditure = Rs. 50 lakh crore, Government expenditure = Rs. 27 lakh crore, Net exports = Rs. 6 lakh crore. Calculate the Gross Domestic Product (GDP) at market price.

Step-by-step solution

1. $Step,1:$ Apply the expenditure‑approach formula: $GDP=C+I+G+NX$ where $C$ = consumption, $I$ = investment, $G$ = government spending, $NX$ = net exports.
2. $Step,2:$ Substitute the given values: $GDP=120+50+27+6$.
3. $Step,3:$ Perform the addition: $120+50=170$, $170+27=197$, $197+6=203$.
4. $Step,4:$ Report the result as the GDP at market price: $203$ lakh crore.

Concept tested: Expenditure approach to GDP

Published 13 October 2026 · How this solution was prepared and checked