Wednesday, 21 November 2018

GDP - what is it?


Recently, i read in a news paper which said something like this: "half of the population in India work on farms but the farming itself contributes only 15% of country's GDP.

I don't understand the meaning of GDP and its relevance at all.
It may contribute only 15 percentage but it contributes food for 100 percentage of the population. if they don't work on farms we are going to buy from other countries' farmers. which GDP will high India or the country from which we buy.

we should rethink looking at work simply on the basis of GDP. otherwise the future generation will starve to death, if all the farmers quit farming.

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