Assertion: The GDP is the market value of all the final goods and services produced in the country during a year.

Reasoning: Higher GDP size means more propserity for a country.

Both Assertion (A) and reasoning (R) are correct and but R is not the correct explanation of A.

Both Assertion (A) and reasoning (R) are correct and but R is not the correct explanation of A.

The GDP is the market value of all the final goods and services produced in the country during a year. One can think of the GDP as a Parantha and growth is increase in the size of the parantha. If the parantha is larger, more people can enjoy it. It is necessary to produce more goods and services if the people of India are to enjoy (in the words of the First Five Year Plan) a more rich and varied life.