Study Document

By Niraj Kumar (Founder & Educator, BR DOT HUB) • Category: EXAM NOTES • Reading Time: 8 Mins • Updated: September 2026

Date Start: 01 Oct 2026, 08:00 AM

Published: true

Indian Economy - High Yield Short Revision Notes

Gross Domestic Product (GDP): Monetary value of all finished goods and services produced within a country during a specific period.

Gross National Product (GNP): GDP + Net Factor Income from Abroad (NFIA).

Net Domestic Product (NDP): GDP - Depreciation.

Repo Rate: The rate at which the Reserve Bank of India lends short-term money to commercial banks against government securities.

Reverse Repo Rate: The rate at which the RBI absorbs liquidity from commercial banks.

Cash Reserve Ratio (CRR): The percentage of a bank's total deposits that it must maintain in cash reserves with the RBI.

Statutory Liquidity Ratio (SLR): Minimum percentage of deposits that banks must maintain in liquid assets (cash, gold, or approved securities).

Consumer Price Index (CPI): Tracks retail inflation; official anchor for RBI Monetary Policy Committee targeting 4% (+/- 2%).

Wholesale Price Index (WPI): Tracks wholesale price movements; published by the Office of the Economic Adviser, Ministry of Commerce.