Gross Domestic Product is the market value of all final goods and services produced within a country in a year. GDP at market prices minus indirect taxes plus subsidies gives GDP at factor cost.
The economy is divided into three sectors: primary covers agriculture and mining, secondary manufacturing, and tertiary services. India's tertiary sector contributes the largest share of GDP while agriculture still employs the most people.
Inflation is a sustained rise in the general price level, measured in India by the Consumer Price Index and the Wholesale Price Index. Moderate inflation is normal; very high inflation erodes savings.