Q.GNP at market price is ₹9,000 crore and depreciation is ₹700 crore. Find NNP at market price.

Moving from a 'gross' to a 'net' aggregate means removing the part of output that only replaces worn-out capital, i.e. depreciation.

$= 9{,}000 - 700 = 8{,}300$ crore.

Given: $GNP_{MP} = ₹9{,}000$ crore; Depreciation $= ₹700$ crore.

Step 1 — Recall that 'net' means after deducting depreciation.

Step 2 — Substitute.

Verification: $8{,}300 + 700 = 9{,}000$ crore returns the gross figure, confirming the deduction.

Confusing the 'gross vs net' adjustment (depreciation) with the 'market price vs factor cost' adjustment (net indirect taxes). Depreciation only changes gross to net; it does not change the price basis, so this answer is still at market price.