15 January 2018

Parker Solar Probe mission,,,Gross fixed capital formation (GFCF)

NASA’s historic Parker Solar Probe mission will revolutionize our understanding of the sun, where changing conditions can propagate out into the solar system, affecting Earth and other worlds. Parker Solar Probe will travel through the sun’s atmosphere, closer to the surface than any spacecraft before it, facing brutal heat and radiation conditions — and ultimately providing humanity with the closest-ever observations of a star.

,,,,,,,,,,,,Gross fixed capital formation (GFCF) refers to the net increase in physical assets (investment minus disposals) within the measurement period. It does not account for the consumption (depreciation) of fixed capital, and also does not include land purchases. It is a component of expenditure approach to calculating GDP.
Gross fixed capital formation (net investment) is the net amount of fixed capital accumulation.
It measures the increase in the capital stock less the disposal of fixed assets.
It excludes land purchases
It excludes depreciation
Gross Fixed Capital formation is included in the expenditure approach to national income accounting.
.......Gross fixed capital formation (formerly gross domestic fixed investment) includes land improvements (fences, ditches, drains, and so on); plant, machinery, and equipment purchases; and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings
Fixed investment (gross fixed capital formation) to GDP ratio (at current prices) is estimated to be 26.6% in 2016-17, vis-à-vis 29.3% in 2015-16.
In terms of GDP, the rates of GFCF at current and constant (2011-12) prices during 2016-17 are estimated at 27.1 percent and 29.5 percent, respectively, as against the corresponding rates of 29.3 percent and 30.9 percent, respectively in 2015-16.

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