Is Compensation paid by the Government of India to the victims of floods included/excluded in National Income.
Compensation paid by the Government of India to the victims of floods is included/excluded in National Income.
Anurag Pathak Changed status to publish December 8, 2023
No,
Compensation paid by the government of India to the victims of floods will not be included in the national income as it is a mere transfer payment and does not lead to any flow of goods and services in an economy.
Anurag Pathak Changed status to publish December 8, 2023
