(i) Economic growth is the quantitative measure which considers the rise in the output produced in an economy or nation in a particular period in its monetary value.
(ii) GDP and GNP which helps in measuring the actual size of an economy.

An economic indicator is a statistical data used to determine the health of the economy

(i) Industry sector is secondary sectors.
(ii) For example : Manufacturing, Electricity, Gas, Water supply, Automobile, Iron and Steel other utility services and construction etc..

(i) Tertiary sector is known as service sector.
(ii) Service sector includes Government scientific, research, transport communication, trade, postal and telegraph, banking, healthcare and information technology etc.
(iii) Services sector is the largest sector of India.

(i) Product Method
(ii) Income Method
(iii) Expenditure Method

(i) Disposable income means actual income which can be spent on consumption by individuals and families.
(ii) It can be expressed as, 
DPI = PI - Direct taxes

(i) Personal Income is the total money income received by individuals and households of a country from all possible sources before direct taxes.
(ii) Personal Income can be expressed as
PI = NI Corporate Income Taxes - Undistributed corporate profits - Social security contribution + Transfer payment.

(i) Gross National Product is the total value of (goods and services) produced and income received in a year by domestic residents of a country.
(ii) It includes profit earned from capital invested abroad.
(iii) GNP = C + I + G + (X - M) + NFIA

(i) Net National Product (NNP) is arrived by making some adjustment with regard to depreciation.
(ii) Net National Product (NNP) is arrived by deducting the value of depreciation from Gross National Product.
(iii) NNP = GNP - Depreciation

(i) Agricultural Policy
(ii) Industrial Policy
(iii) New Economic Policy

The four major components of GDP are,
(i) C - Consumption expenditure
(ii) I - Investment expenditure
(iii) G - Government expenditure
(iv) X-M - Exports - Imports
(v) GDP = C + I + G + X-M

There are three Methods of Calculating GDP. They are,
(i) Expenditure approach
(ii) The Income approach
(iii) Value added approach

(i) A fast-growing population of working age.
(ii) A strong legal system
(iii) Communication and information technology

\(\begin{array}{|c|c|c|c|} \hline \text { Year } & \text { Agriculture (%) } & \text { Industry (%) } & \text { Service (%) } \\ \hline 2017 & 17.09 & 29.03 & 52.08 \\ \hline 2018 & 17.01 & 29.01 & 53.09 \\ \hline \end{array}\)

a) Primary sector (Agricultural sector) : 
(i) Cattle farm  (ii) Fishing  (iii) Mining
b) Secondary sector : (Industrial sector)
(i) Cotton textiles   (ii) Small scale industries   (iii) Cement 
c) Tertiary sector : (Service sector) 
(i) Government  (ii) Transport  (iii) Banking