Challenges Before Indian Economy and
ways to overcome them
Presented By
Anupam Mondal
ABSTRACT
 10th largest in the world by nominal GDP.
 A member of BRICS.
 The third largest economy by purchasing power ...
ENERGY Despite having adequate
resources of coal to produce all
that we need domestically, we
imported 100 million tones ...
GOLD RUSH
One third of the total
world demand for gold.
Demand for gold is 37.6
per cent more than that of
china.
India...
The main reasons for the high CAD,
increasing imports of coal, oil and gold
and decreasing exports.
Inflation
 The inflation rate in India
was recorded at 5.96 percent
in March of 2013.
 The annual rate of
inflation, bas...
 At end-September 2012,
India's external debt stock was
US$ 365.3 billion, recording an
increase of about US$ 20.0
billio...
 India’s external debt in 2005 was 123.5 billion us $
,and in 2006 the debt become 125.2 billion us$
The rise in externa...
 The Economic Survey
2011-12points out that the
Services Sector grew by
9.4% which was little
higher than 9.3% in the
pre...
Share of agriculture in the
Gross Domestic Product
(GDP) has dropped by
nearly 5 per cent in the
last eight years to 14 pe...
HEALTH ISSUE
 lack of infrastructure.
 Lack of doctor and nurses.
 Lack of advance Equipment.
Lack of proper hygiene a...
Education Sector  India Ratings expects the Indian
education sector’s market size to increase
to Rs 602,410 crore ($109.8...
Tourism IndustryIndia is the second-fastest
growing tourism market in the
world. Tourism in India is the largest
service ...
Lack of proper infrastructure
Human resources
Service levels
Lack of adequate marketing and promotion
Taxation
Secur...
 India IT sector Contributes
7.5% towards the GDP.
IT sector only dependent on
service sector and exporting
No manufact...
Bibliography
Moneycontrol.com
www.indiagov.in
www.economicexpress.com
www.economictimes.com
Anupam mondal dm12 b07
Anupam mondal dm12 b07
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Anupam mondal dm12 b07

  1. 1. Challenges Before Indian Economy and ways to overcome them Presented By Anupam Mondal
  2. 2. ABSTRACT  10th largest in the world by nominal GDP.  A member of BRICS.  The third largest economy by purchasing power parity(PPP).  Ranked 134 by nominal GDP and 130 by PPP GDP of 2012 according to IMF.  9th largest importer and 10th largest exporter in the world.  GDP growth in fiscal year 2012-2013 is 5.7  2nd largest population after China.
  3. 3. ENERGY Despite having adequate resources of coal to produce all that we need domestically, we imported 100 million tones of coal in 2011-12, nearly 25% of our consumption. Also, the 12th Plan projects import of 185 million tones of coal in 2016-17. A rise in global oil prices by $ 10 per barrel would reduce India's economic growth by 0.2 percentage points and also affect the country's current account deficit.
  4. 4. GOLD RUSH One third of the total world demand for gold. Demand for gold is 37.6 per cent more than that of china. India’s forex reserves are 8.81 percent of China’s forex reserves yet its gold demand is more than that of China by 37.6 percent. Gold import in 2010-11 was approximate US $ 34 billion,
  5. 5. The main reasons for the high CAD, increasing imports of coal, oil and gold and decreasing exports.
  6. 6. Inflation  The inflation rate in India was recorded at 5.96 percent in March of 2013.  The annual rate of inflation, based on monthly WPI, stood at 5.96 percent for the month of March, 2013 (over March, 2012) as compared to 6.84 percent for the previous month and 7.69 percent during the corresponding month of the previous year.
  7. 7.  At end-September 2012, India's external debt stock was US$ 365.3 billion, recording an increase of about US$ 20.0 billion (5.8 per cent) over the level at end-March 2012. In rupee terms, it increased from ` 17,65,333 crore at end-March 2012 to ` 19,31,688 crore at end-September 2012, reflecting an increase of 9.4 per cent.
  8. 8.  India’s external debt in 2005 was 123.5 billion us $ ,and in 2006 the debt become 125.2 billion us$ The rise in external debt is largely due to higher NRI deposits, short-term debt and commercial borrowings. NRI deposits alone accounted for 42.1 per cent of the rise in total external debt at end-September 2012 over the level of end-March 2012,
  9. 9.  The Economic Survey 2011-12points out that the Services Sector grew by 9.4% which was little higher than 9.3% in the previous year.  Service Sector of Indian Economy contributes to around 56 percent of India's GDP during 2011-12. Service sector not Manufacturing Sector
  10. 10. Share of agriculture in the Gross Domestic Product (GDP) has dropped by nearly 5 per cent in the last eight years to 14 per cent, due to higher growth in other sectors. Agriculture & Allied sectors which used to contribute 19 per cent of GDP in 2004-05 has come down to 14 per cent in 2011-12 at 2004-05 prices, according to government data. Agricultural Sector
  11. 11. HEALTH ISSUE  lack of infrastructure.  Lack of doctor and nurses.  Lack of advance Equipment. Lack of proper hygiene and sanitation.
  12. 12. Education Sector  India Ratings expects the Indian education sector’s market size to increase to Rs 602,410 crore ($109.84 billion) by FY15 due to the expected strong demand for quality education. Indian education sector’s market size in FY12 is estimated to be Rs 341,180 crore.  In rural India, just 28 per cent of grade 3 students could subtract two-digit numbers and only a third could tell the time,“ It accords India the dubious distinction of having the maximum number of illiterate adults in the world-a staggering 287 million, a number that is nearly four times the population of France.
  13. 13. Tourism IndustryIndia is the second-fastest growing tourism market in the world. Tourism in India is the largest service industry contributing up to 6.23 per cent to the National Gross Domestic Product (GDP) and providing 8.78 per cent of the total employment opportunity in India The tourism sector's direct contribution to the GDP of India in 2011 was estimated at US$ 32.7 billion. It registered a compounded annual growth rate (CAGR) of 13 per cent during the period of 2006-11. Total contribution increased to US$ 76.7 billion in 2011 from US$ 56.3 billion in 2009.
  14. 14. Lack of proper infrastructure Human resources Service levels Lack of adequate marketing and promotion Taxation Security Regulatory issues Tourism Sector cont…..
  15. 15.  India IT sector Contributes 7.5% towards the GDP. IT sector only dependent on service sector and exporting No manufacturing facility available. To produce a single processor chip India still have to dependent on USA. INFORMATION AND TECHNOLOGY
  16. 16. Bibliography Moneycontrol.com www.indiagov.in www.economicexpress.com www.economictimes.com
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