What is GDP?
and what does it mean by share in India's GDP 28%.

Dear student,

Please find the answer to your query:

The following points will be helpful to you while framing your answer:

• GDP is the market value of all the final goods and services produced within the domestic country during an accounting year.
• Depreciation is not taken into account in its estimation.
• Also, GDP is limited to the domestic territory.
• Regarding 2nd part of your query, the share of any component in GDP implies the contribution in 100% of the GDP
• e.g. 28& contribution means if GDP is 100 parts then the said component has contributed 28 parts. 

Hope these points will be helpful to you and if you have more doubts then please get back to us on our forum.

Regards