Gross value added in the context of Economy of Kerala

Gross regional domestic product (GRDP), gross domestic product of region (GDPR), or gross state product (GSP) is a statistic that measures the size of a region's economy. It is the aggregate of gross value added (GVA) of all resident producer units in the region, and analogous to national gross domestic product. The GRDP includes regional estimates on the three major sectors including their sub-sectors, namely:

• Raw material sector: Agriculture, animal husbandry, fishery, and forestry.
• Industry sector: Construction, electricity, manufacturing, mining, quarrying, and water.
• Service sector: Communication, finance, private government services, property management, real estate sales, storage, trade, and transport.

"The GRDP is usually presented in nominal and real terms. Nominal GRDP measures the value of the outputs of the economy at current prices. Real GRDP referred to as GRDP at constant prices, measures the value of an economy's output using the prices of a fixed base year. The real GRDP is useful in capturing real output growth since inflationary effects have been removed. It is, therefore, the most widely used measure of real income."

In the United Kingdom, private schools (also called independent schools) are schools that require fees for admission and enrollment. Some have financial endowments and most are governed by a board of directors consisting of school governors. Many are owned and operated by a mixture of corporations, trusts and individuals. They are independent of many of the regulations and conditions that apply to state-funded schools. For example, the schools do not have to follow the National Curriculum for England, although many such schools do.

Historically in the UK, the term private school referred to a school as private property, privately owned, in contrast to public property or a financial endowment, subject to a trust or of charitable status. Many of the older private schools catering for the 13–18 age range in England and Wales are known as public schools, seven of which were the subject of the Public Schools Act 1868. The term public school meant they were then open to pupils regardless of where they lived or their religion (while in the United States and most other English-speaking countries public school refers to a publicly funded state school). Preparatory schools educate younger children up to the age of 13 to prepare (prep) them for entry to the public schools and other secondary schools. In 2023, the Independent Schools Council (ISC), a lobbying group for private school industry, claimed that their members schools contributed £16.5 billion to gross value added (GVA) in Britain.