Net national product at market price can be defined as:

Correct option is B

The correct answer is (b) Net domestic product at market price plus net income from abroad

• NNP at Market Price = NDP at Market Price + Net Factor Income from Abroad (NFIA).

• It measures the total value of final goods and services produced by the residents of a country (nationals), adjusted for depreciation, and includes income earned from abroad.

• (A) GNP + Depreciation: Wrong, depreciation should be subtracted, not added.

• (C) NDP – Net Income from Abroad: Wrong, national income adds income from abroad, not subtracts.

• (D) NDP – Depreciation: This gives Net Domestic Product, not NNP.

• GDP (Gross Domestic Product): Total value of goods & services produced within domestic territory.

• GNP (Gross National Product): GDP + Net factor income from abroad.

• NDP (Net Domestic Product): GDP – Depreciation.

• NNP (Net National Product): GNP – Depreciation (or NDP + NFIA).

• India’s Economy 2024–25: Projected growth rate ~ 6.4% (as per official estimates).

• Authority: Calculated under Ministry of Statistics and Programme Implementation (MoSPI), while policy framing lies with Ministry of Finance.