Q.Define Gross State Domestic Product (GSDP).

GSDP is the money value of all final goods and services produced within a state's boundary in one year — the state-level version of GDP.

Gross State Domestic Product (GSDP) is the market value of all final goods and services produced within the geographical territory of a state (such as Tamil Nadu) during a particular year, usually a financial year. It is the state-level counterpart of the national Gross Domestic Product (GDP) and is the main indicator used to measure the size and growth of a state's economy. Dividing GSDP by the state's population gives th …