Q.From the following data, calculate

This is a straight application of the GDP→GNP→NNP→NI conversion chain, done one step at a time. …

Step 1 — GNP at Market Price:

Step 2 — NNP at Market Price:

Step 3 — National Income (NNP at Factor Cost):

$NI = NNP_{FC} = NNP_{MP} - \text{Net Indirect Taxes} = 4,72,000 - 35,000 = ₹4,37,000\ \text{crore}$ …

Alternative one-line method: $NI = GDP_{MP} + NFIA - \text{Depreciation} - \text{Net Indirect Taxes} = 5,00,000 - 8,000 - 20,000 - 35,000 = ₹4,37,000$ crore …

Adding NFIA instead of subtracting when it is negative (must add a negative number, i.e. actually subtract 8,000); subtracting Net Indirect Taxes before Depreciation and getting confused about which base each deduction applies to (Depreciatio …