Is factor income from abroad included/excluded in domestic income of India?
Is factor income from abroad included/excluded in domestic income of India?
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No,
Factor income from abroad is not included in the domestic factor income because the factor income is earned outside the domestic territory of India.
Explanation:-
Only Profits earned within the domestic territory of India by residents and non-residents are included in the domestic territory of India.
As factor income from abroad earned outside the domestic territory of India, it will not be included.
But is will be included in the national income of India.
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