2. INTRODUCTION
• The Indian economy , the third largest economy in the world in
terms of PURCHASING POWER, is going to touch new height
in coming years. According to global investment bank by 2035
India would be 3RD largest . Economy of the work just after US
and CHINA. It will grow to 60% of size of the US. Economy
3. SECTORS OF THE INDIAN ECONOMY
• Primary Sector
• Secondary Sector
• Tertiary Sector
• Other Sectors
o Organized Sector
o Unorganized Sector:
o Public Sector
o Private Sector
4. INDIA TRADE: IMPORTS
• India’s major imports comprise of crude oil machinery, military
products, fertilizers, chemicals, gems, antiques and artworks.
Imported goods are divided into the following categories: Freely
importable items: For these items, no import license is required.
They can be freely imported by an individual or a firm.
Canalized items: These items can only be imported by public
sector firms. For example petroleum products fall under this
category. Prohibited items: Items such as unprocessed ivory,
animal rennet and tallow fat cannot be exported to India.
5. INDIA TRADE: EXPORTS
• Indian exports comprise mainly of engineering and textile
products, precious stones, petroleum products, jewelry, sugar,
steel chemicals, zinc and leather products. Most of the exported
goods are exempt from export duties. India also exports services
to several countries, primarily to the US. In fact, India is among
the world’s largest exporters of services related to information
and communication technology (ICT). It is also the key
destination for business process outsourcing (BPO).
6. EXTERNAL TRADE AND INVESTMENT
• Exchange of capital, goods,
and services across
• international borders or
territories.
• In most countries it represents
significant share of
• gross domestic product (GDP).
7. INCOME AND CONSUMPTION
• National income measures the total value of goods and services
produced within the economy over a period of time National
Income can be denoted in different ways with different meaning
attached to it.
• Gross Domestic Product (GDP)
• Gross National product (GNP)
• Net National Product (NNP)
• According to the IMF World Economic Outlook (April - 2021), GDP per
capita of India in 2021 is projected at $2,191 at current prices.
8. PROBLEMS FACED IN INDIAN ECONOMY
• Inflation.
• Poor educational standard.
• Poor Infrastructure.
• Balance of payment
deterioration
• High level of debt
• Large budget deficit
• Rigid labour laws
9. CONCLUSION
• If these problems are solved then the
future for India looks bright, India might
well become one of the superpowers of
the 21st Century. India- A country with
Potentials for ‘sustaining’ development!!
Thank You