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Doubt Clearance Thread: UPSC 2021

"Appreciation in the real exchange rate have contributed to the declining exports to GDP ratio in recent times."

Can someone please explain this?


According to NCERT Real Exchange Rate = Nominal exchange rate * (Price of commodity in Foreign in Domestic Market / Price of commodity in Domestic Market)

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Hi,
I came across a statement in Vivek Singh's  Indian Economy and I am unable to ensure its correctness , can someone please throw light on the following statement,


 "GNP is that income or product which accrues to the economic agents who areresidents of the country. (i.e. income earned by NRIs will not be part of India's GNP)."

Thanks in advance

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