It has determination, trend and conclusion regarding GDP of India

1. Name: Jay Pardasani
Class: SY DIV 1
Roll No. 30

2. *
*“an aggregate measure of production equal to
the sum of the gross values added of all resident
institutional units engaged in production. ”
*The gross domestic product (GDP) or gross
domestic income (GDI) is a basic measure of
country’s overall economic performance.
*It is the market value of all final goods and
services made within the borders of a country in
a year.

3. *GDP estimates are commonly used to measure the
economy performance of a whole country region.
*GDP is a measure of ‘value added’ rather than sales.
*The pattern of GDP growth is held to indicate the
success or failure of economic policy and to determine
whether policy and to determine whether an economy is
‘in recession’.

4. *
*GDP can be determined in three ways, all of which
should, in principle, give the same result.
*There are PRODUCTION ( or output or value added)
approach,
the INCOME approach,
or the EXPENDITURE approach.

5. *Rate of GDP with respect to the years
YEAR GROWTH (REAL)
2000 5.6
2001 6.0
2002 4.3
2003 8.3
2004 6.2
2005 8.4
2006 9.2
2007 9.0
2008 7.4
2009 7.4
2010 7.1
2011 6.8
2012 6.5
2013 4.4
2014 5.7

6. *According to the data released for the year 2006-2007,
India’s GDP grew at an impression 9.2 percent.
*The share of different sectors of the economy in India’s
GDP is as follows
Agriculture: 18.5%
Industry: 26.4%
Services: 55.1%
*The fact that the service sector now accounts for more
than half the GDP is a milestone in India's economic
history.

7. *From the year 2006 and 2007 the GDP of 2014 is
quite low.
*But we can see the increasing trend with
comparison to 2013.
*The expectation growth for 2015 is high.