Profits of Reliance Industries from its chemicals business in Australia is included/Excluded in national income
Profits of Reliance Industries from its chemicals business in Australia is included/Excluded in national income
Anurag Pathak Changed status to publish December 7, 2023
Yes,
It will be included in the national income as it is a part of the factor income from abroad.
Profits earned by normal residents of India from the rest of the world are counted in Factor income from abroad.
It is added to the Domestic Income to derive the national income.
National Income = Domestic Income + Factor income from abroad – Factor income to abroad
Anurag Pathak Changed status to publish December 7, 2023
