Profits earned by an Indian bank from its branches abroad is included/excluded in National Income
Profits earned by an Indian bank from its branches abroad is included/excluded in National Income
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Yes,
Profits earned by an India bank from its branches abroad will be included in the national income as they are a part of the factor income from abroad.
They are added to domestic income to arrive at the National Income of a country.
National Income = Domestic Income + Factor income from abroad – Factor income to abroad
Anurag Pathak Changed status to publish
