Is scholarship given to Indian students studying in India by a foreign company included/excluded in national income?
Is scholarship given to Indian students studying in India by a foreign company included/excluded in national income?
Anurag Pathak Changed status to publish December 9, 2023
No,
scholarship given to Indian students studying in India by a foreign company will not be included in the national income as it is a transfer payment.
Explanation:-
Students do not provide any factor services against the scholarship.
Thus it does not add to the current flow of goods and services in the economy.
Anurag Pathak Changed status to publish December 9, 2023
