Indian Economy
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This PPT gives information of India's current position and its relationship with Singapore.
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Indian Economy
- 2. Outline Past Performance Predictive Performance Current Performance Highlights of Economic Survey 2016-17 India – Singapore Relation
- 3. Past Performance 5.6 6.6 7.2 7.9 7.1 0 1 2 3 4 5 6 7 8 9 2012-13 2013-14 2014-15 2015-16 2016-17 India’s GDP Growth GDP GROWTH SOURCE: Economic Survey 2012-17
- 4. Predictive Performance SOURCE: OECD 7.7 7.3 7 6.6 6.8 7 7.2 7.4 7.6 7.8 2018-19 2017-18 2016-17 India’s GDP Growth GDP GROWTH
- 5. Current Performance SOURCE: Economic Survey 2016-17 5 6 7 8 2013-14 2014-15 2015-16 2016-17 6.6 7.2 7.9 7.1 GDP Growth 0 20 2013-14 2014-15 2015-16 2016-17 7.8 10.3 9.2 8.8 Service Sector Growth -10 0 10 2013-14 2014-15 2015-16 2016-17 -0.1 2.8 3.1 5.2 Industrial Sector Growth 0 100 200 300 128 126.38 126.47 134.47 129 126.31 125.09 137.51 Agriculture Kharif Rabi 9.5 5.9 4.9 4.96 2 -2.8 3.4 -5 0 5 10 15 2013-14 2014-15 2015-16 2016-17 Inflation CPI WPI -20 0 20 2013-14 2014-15 2015-16 2016-17 1.73 0.8 -9.02 -6.99 Foreign Trade
- 6. Highlights of Economic Survey 2016-17 • GDP growth for next fiscal pegged at 6.75-7.5 per cent • Prescribes cut in individual I-T rates, real estate stamp duties • Demonetization to affect growth rate by 0.25-0.5 per cent, but to have long-term benefits • Growth this fiscal to be 6.5 per cent • Farm sector to grow at 4.1 per cent this fiscal, up from 1.2 per cent last year • Growth rate of industrial sector to moderate to 5.2 per cent this fiscal, from 7.4 per cent last fiscal SOURCE: THE INDIAN EXPRESS
- 7. India – Singapore Relation • Singapore is the 8th largest source of investment in India and the largest amongst ASEAN member nations • Singapore accounts for 38% of India's trade with ASEAN member nations and 3.4% of its total foreign trade • In 2005, both nations signed the Comprehensive Economic Cooperation Agreement (CECA) - Non-Compliance in 2016 • Collaborated on aviation, aerospace engineering, space programs, information technology, biotechnology and energy SOURCE: WIKIPEDIA
- 8. • In 2003, India and Singapore signed a Defence Cooperation Agreement • In 2016, India and Singapore signed the agreement for the “Strategic Relationship" across the board India – Singapore Relation SOURCE: WIKIPEDIA
- 9. • http://commerce.gov.in/writereaddata/uploadedfile/MOC_63628114 0249481285_annual_report_16_17_eng.pdf • http://pib.nic.in/newsite/PrintRelease.aspx?relid=170822 • https://www.ibef.org/ • https://en.wikipedia.org/wiki/Main_Page • http://indianexpress.com/article/business/economy/economic- survey-2017-here-are-the-highlights-arun-jaitley-avind-subramanian- demonetisation-budget-4500468/ References
Editor's Notes
- https://www.ibef.org/economy/indiasnapshot/about-india-at-a-glance
- Consumer Price Index (CPI), in 2016-17 (April – December) seen at 4.9 per cent. Average Wholesale Price Index (WPI) inflation, in 2016-17 (April – December) seen at 3.4 per cent
- The CECA eliminated tariff barriers, double taxation, duplicate processes and regulations and provided unhindered access and collaboration between the financial institutions of Singapore and India.[1][2] The CECA also enhanced bilateral collaboration related to education, science and technology, intellectual property, aviation and relaxed visa regulations for Indian professionals in information technology, medicine, engineering and financial fields to emigrate and work in Singapore.[1][2]Singapore has invested in projects to upgrade India's ports, airports and developing information technology parks and a Special Economic Zone (SEZ).
- In 2003, India and Singapore signed a Defence Cooperation Agreement, allowing Singapore army and air force to conduct training on Indian soil. In 2016, India and Singapore signed the agreement for the “Strategic Relationship" across the board including defence and military, security and intelligence cooperation, political exchanges, enhancing trade and investment, improving financial linkages, improving air connectivity and cooperation in multilateral forums.