Are Indians working in foreign embassies in India and Interest paid to non-residents working in Indian embassy in foreign included in national income?
Explain with some more examples.
Dear Student
Indians working in foreign embassies in India will be included in national income as it is part of net factor Income from abroad whereas Interest paid to non residents working in Indian embassy in foreign will not be included in national income as it is a part of net factor income to abroad.
An example of this could be - Salaries and wages earned by Indian residents working in American embassy in India will be included in national income as it is a part of the Net Factor Income from Abroad. Similarly, Salaries and wages earned by Americans (non residents) working in Indian embassy In America will not be included as it is a part of net factor income to abroad.
Regards
Indians working in foreign embassies in India will be included in national income as it is part of net factor Income from abroad whereas Interest paid to non residents working in Indian embassy in foreign will not be included in national income as it is a part of net factor income to abroad.
An example of this could be - Salaries and wages earned by Indian residents working in American embassy in India will be included in national income as it is a part of the Net Factor Income from Abroad. Similarly, Salaries and wages earned by Americans (non residents) working in Indian embassy In America will not be included as it is a part of net factor income to abroad.
Regards