1. DIFFERENCE BETWEEN GDP OF
INDIA, CHINA & USA
Submitted To : Amitej Singh
Submitted By : Binny Arora
Shiva khullar
Karan Dang
Shivi Arora
Gurpreet Singh

2. GDP
GDP = Gross Domestic Product
DEFINATION AND INTRO….
 The total market value of all final goods and
services produced in a country in a given year.
 The GDP shows how well a particular country is
doing economically.

3. • What is the GDP growth rate?
The change in GDP from one year to the next can
be given as a percentage. This is called the GDP
growth rate.

4. TYPES OF GDP
Real GDP
Nominal GDP
REAL GDP
Real GDP is the gross domestic product
adjusted for inflation
NOMINAL GDP
Nominal GDP is the gross domestic product
without taking into account inflation.

5. TYPES OF GDP
Cont….
The real GDP growth rate is a much more useful
measure of economic growth than the nominal
rate.
If a country’s GDP is growing at a nominal rate of
5% but inflation is running at 4%, only 1% of the
growth is down to improved economic output. The
rest is just because prices of goods and services
went up.

6. DRAWBACK
 GDP however is that it can only measure what
the government has measured. Anything traded
without the government knowing won’t be
included in the GDP.

7. FORMULA
•
GDP = C + G + I + NX
Where:
•
C = All private consumption
•
G = All government spending
•
I = Investment by businesses
•
NX = The country’s net exports (total
exports – total imports)

9. INDIA
•
•
•
•
•
•
President – Mrs Pratibha patil
GDP - $1.38 trillion
Population – 1.21 billion
Growth rate – 8.5%
Inflation rate – 8.95%
Sectors that contribute in gdp

10. Debts

11. ECONOMIC HISTORY

12. CHINA
•
•
•
•
•
President – HU Jintao
GDP – 9.4%
Population – 1.341 billion
Growth rate – 9%
Inflation rate – 6.4%

13. USA
•
•
•
•
•
President – Barack Obama
GDP – $14508.2 billion
Population – 311 million
Growth rate – 3.28%
Inflation Rate – 3.5%