This document summarizes key economic indicators such as GDP, GDP deflator, CPI, and WPI. It states that India's GDP in 2008 was $1.22 trillion growing at 6.7%. The GDP deflator measures price changes in all goods and services produced domestically, while the CPI and WPI track price changes in consumer and wholesale baskets of goods, respectively. CPI is used in India to measure inflation as it reflects price experiences of households. In conclusion, the presentation defines inflation and discusses its causes and effects on the economy.

1. Economics PresentationPRESENTED BY:- Ghanshyamguptaghanshyamgupta7@gmail.com

2. WHAT IS GDPGDP – 1.22$ Trillion in 2008GDP rate – 6.7 % overallIt represents the total dollar value of all goods and services produced over a specific time period - you can think of it as the size of the economy.

3. SIZE OF GDP OF INDIA IN 2008

4. GDP DEFLATORIn economics, the GDP deflator (implicit price deflator for GDP) is a measure of the level of prices of all new, domestically produced, final goods and services in an economy.GDP Deflator =(Nominal GDP*100)/Real GDP

5. GDP DEFLATOR IN 2008

6. CONSUMER PRICE INDEXA consumer price index (CPI) is a measure estimating the average price of consumer goods and services purchased by households.

7. DIFFERENCEGDP DEFLATOR CPI* All goods & services produces * On the basis of basket which Within the country. Includes few consumable goods. * Change in price of all goods & * Change in price of goods services. Included in basket.* Measured Weakly. * Measured yearly.* Measure all goods & services. * Measure only consumable good & services.

8. WHOLESALE PRICE INDEXA Wholesale Price Index (WPI) is the price of a representative basket of wholesale goods.

9. DIFFERENCECPI WPI * It measures inflation * It measures at each stage in final stage* Price increase for * Price increase for end consumers producer & traders

10. PRICE INDEX ?* IN INDIA WE USE---------?????CPI / WPI* WE USE BECAUSE---------

11. WEIGHTAGE TO CPI & WPI

12. INFLATIONWHAT IS IT ?HOW IT AFFECTS ECONOMY ?WHAT CAUSES INFLATION ?INFLATION SITUATION IN PAST FEW YEARS

13. CONCLUSION

14. Thank you