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Trend of GDP in India


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DEtails of indian GDP

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Trend of GDP in India

  1. 1. Presented by – Batch-23 Team – 5 1.Supravat Pramanik 2.Sourav Das 3.Pratip Paul & 4.Gunjan Roy Choudhury Trend of GDP in India over a decade
  2. 2. About GDP GDP over a decade in India Recent year’s GDP in India Effect of demonetization on GDP Conclusion Acknowledgement OVERVIEW
  3. 3. Gross domestic product is the market value of all officially recognised final goods & services produced within a country in a given period of time. Calculation :Y=C+I+G+(X-M) Nominal GDP=Current GDP Real GDP Base year PPP(Purchasing Power Parity) About GDP
  4. 4. GDP over a decade in India • GDP Annual Growth Rate in India averaged 6.08 percent from 1951 until 2016. • High of 11.40 percent in the first quarter of 2010. • Low of 3.5 percent in the first quarter of 2009. • An indicator of a country’s standard of living. • GDP per Capita in India is equivalent to 14 percent of the world's average. • Statistical analysis forecasts about it to 1900 USD for FY’16-FY’17.
  5. 5. GDP over a decade in India contd. • GDP from Agriculture in India averaged 3899.02 IND Billion from 2011 until 2016. • High of 5217.45 IND Billion in the fourth quarter of 2014. • Low of 2715.05 IND Billion in the third quarter of 2011. • GDP from Manufacturing in India averaged 4136.21 IND Billion from 2011 until 2016. • High of 4908.33 IND Billion in the first quarter of 2016. • Low of 3455.83 IND Billion in the fourth quarter of 2011.
  6. 6. Recent year GDP in India • India’s rank is 150. • The average Indian produces goods and services worth Rs 8800 per month. • Economic growth in India gained momentum in the second quarter of fiscal year 2016. • GDP increased 7.3% annually in the July to September period. • 7.1% rise recorded in the first quarter.
  7. 7. Recent year GDP in India contd. • Critical sector of Indian Economy. • India accounts for 7.68 percent of total global agricultural output. • >58 per cent of the rural households depend on agriculture as their principal means of livelihood • One of the high growth sectors. • Ranking among the world’s 10 largest manufacturing countries. • The GOI has set an ambitious target of increasing the contribution of manufacturing output to 25 per cent of GDP by 2025.
  8. 8. Demonetization is a radical monetary step in which a currency unit’s status as a legal tender is declared invalid. 1st implemented in India in 1946. Further announced on 8th Nov,2016. From Oct,16-Mar,17, GDP growth may be decelerated to 0.5 %,down from 6.4% in the previous 6 months. Effect of demonetization on GDP
  9. 9. Make introductions. CONCLUSION
  10. 10. The team is indebted to the Times-pro for providing the infrastructural facilities. Sincere thanks are due to our sir, Mr. Suvashis Halder , for providing guidance. Lastly, the co-operation received from the classmates, our loving parents whose moral supports helped us to complete the work & specially all team- members whose equal contribution gave a shape is also acknowledged. ACKNOWLEDGEMENT