The maximum retail price (MRP) that is marked on a product is its current price, that is, the current price of a product can be obtained by adding inflation from the base year to its fixed price.
The current price is determined by adjusting the current inflation situation. Thus the GDP of a year in all countries of the world including India will be different at constant and current prices.
Low at constant prices and high at current prices (because In general, inflation is always positive or there is a policy effort to keep it positive). In economies where inflation has been controlled and balanced for a relatively long period (developed countries), national income is calculated at current prices.
In contrast, India National Income is calculated at a constant price by most of the developing countries including India.With the quantity of India's National Income (NI) which is its NNP, it is also written- At factor cost and at constant price (At factor cost and Constant price ) but , In Thick Review, the data related to the country's income is provided by the Ministry of Finance at market cost and current value. These data are used as needed.