Green GDP adjusts the traditional GDP calculation by subtracting the costs associated with environmental degradation and the depletion of natural resources. While traditional GDP focuses solely on economic output (C + I + G + NX), Green GDP incorporates the environmental impact, aiming for a more sustainable measure of economic performance.
This video provides a rapid revision of key economy concepts for the UPSC exam, covering topics like GDP, sectors of the economy, banking, digital currency, priority sector lending, money and capital markets, foreign exchange rates, and balance of payments. The speaker aims to boost confidence by covering essential topics within a limited timeframe.