3-1 MEFA JNTUH

1. Abhilash(146H1A2402)
Amit kumar(146H1A0302)

2. INTRODUCTION
• India’s economy is the 7th
largest economy in the world in terms of market exchange
rates.Since liberation of economy in 1991,the economy has towards market based
system from a regulated and protected one.Now our India is the fastest growing
economy in the world beating The Republic of China in 2014.Indian economy GDP rate
is 7.4 as per 2014.
• In 2007,Indian economy GDP has crossed over a trillon dollars which has made it one of
the twelve trillon doller economic countries in the world.
GDP COMPOSITION BY SECTORS-
Services -57.9%;
Agriculture -17.9%
Industry -24.2%
the above is as per 2014.
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4. Methods for calculating GDP
These 3 ways are generally preffered
 production approach
Income approach
Expenditure approach
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5. Production approach
• GDP=OP-IC+TP-SP.
• OP - Output;
• IC - Intermediate consumption;
• TP- Taxes on products;
• SP- Subsidies on products.
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6. Income approach
GDP=R+I+P+SA+W
R –Rents;
I-Interests;
P-profits;
S-statestical adjectives;
W-wages.
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7. Expenditure approach
GDP=C+I+GE+(X-M)
C - Consumption;
I - investment;
GE - government expenditure;
X - Exports;
M - Imports.
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10. .
02 August 2008 10General: AV

11. CONCLUSION
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12. THANK YOU :)
Harish MBA(MEFA)
FACULITIES
MY FELLOW NRI-TIANS
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