This report gives the different aspects relating the GDP growth of India. GDP rate since independence, reasons for fluctuation in GDP, role of Indian government in growth of GDP, role of public, privet and government in growth of GDP and finally reasons of devaluation of devaluation of rupee in comparison to dollar are outlined in a nutshell.
This document provides an overview of the Indian economy. It begins with definitions of basic economic concepts and how India's economy works as a mixed economy. It then discusses key metrics and rankings of the Indian economy, including its GDP growth rate, GDP per capita, and sectoral breakdown. Charts and data on GDP, national income, inflation rates are presented. In conclusion, it outlines both development factors and challenges currently facing the Indian economy, but maintains optimism that by addressing issues, India has strong potential to become a 21st century superpower.
The document discusses Gross Domestic Product (GDP) and economic growth. It defines GDP as the total value of final goods and services produced within a country in a year. GDP is made up of consumer spending, investment, government spending, and net exports. A country's GDP is used to measure its economic growth and is an indicator for governments and decision-makers. The document also lists several drivers of economic growth, such as increases in physical and human capital, technology, trade, savings, and education. It provides examples of steps China has taken to reduce income inequality like increasing minimum wage and restricting officials' incomes.
Contribution Of Sectors In GDP Of IndiaAbhey Gupta
India has seen a steady decline in agriculture and the primary sector's contribution to GDP, being replaced by growing service sectors like trade, finance, and transportation. The sectors are interdependent - for example, sugarcane farmers, sugar mills, cold drink manufacturers, and transporters all rely on each other for a cold drink to reach consumers. While services have grown rapidly and provided jobs, experts warn high services growth coupled with declining agriculture and industry may not be sustainable long-term. Recent estimates predict services will make up 55% of India's GDP by 2006, showing India is moving to a service-focused economy and helping drive the vision of a developed India by 2020.
INDIAN ECONOMY & SECTORIAL CONTRIBUTION IN GDP.Ammar Dalvi
The Indian economy has a GDP of $1.824 trillion, with the service sector contributing the most at 56.9% of GDP. Agriculture contributes 17.4% despite facing problems like poor infrastructure and lack of storage facilities. The industrial sector, including textiles, retail, and manufacturing, contributes 28.8% but has potential for more growth. Information technology and business process outsourcing are major contributors to the strong service sector. Addressing agricultural challenges and increasing manufacturing output could help develop the Indian economy further.
This document provides an overview of GDP trends in India over the past decade. It discusses what GDP is and how it is calculated. It then analyzes India's GDP growth rate, GDP per capita, and GDP from key sectors like agriculture and manufacturing from 2011 to 2016. Recent years saw GDP growth of 7.1-7.3% annually. However, demonetization in 2016 is estimated to have slowed GDP growth to 0.5% between October 2016 and March 2017, down from 6.4% in the prior six months. The document was presented by a team of four students and acknowledges the support received.
Concept of GDP (Gross Domestic Product) and GDH (Gross Domestic Happiness)TanmayGanorkar1
The document discusses the concepts of GDP (Gross Domestic Product) and GDH (Gross Domestic Happiness). It defines GDP as a monetary measure of the value of all final goods and services produced within a country in a given period. GDP is commonly used to determine a country's economic performance and allow for international comparisons. It then outlines the key components that comprise GDP - consumption, investment, government spending, and exports/imports. The document also provides rankings of countries by GDP value and details about India's GDP. It then introduces GDH/GNH as an alternative concept that aims to measure overall well-being by considering environmental, health, education and happiness indicators, in addition to economic factors. It outlines the
This report gives the different aspects relating the GDP growth of India. GDP rate since independence, reasons for fluctuation in GDP, role of Indian government in growth of GDP, role of public, privet and government in growth of GDP and finally reasons of devaluation of devaluation of rupee in comparison to dollar are outlined in a nutshell.
This document provides an overview of the Indian economy. It begins with definitions of basic economic concepts and how India's economy works as a mixed economy. It then discusses key metrics and rankings of the Indian economy, including its GDP growth rate, GDP per capita, and sectoral breakdown. Charts and data on GDP, national income, inflation rates are presented. In conclusion, it outlines both development factors and challenges currently facing the Indian economy, but maintains optimism that by addressing issues, India has strong potential to become a 21st century superpower.
The document discusses Gross Domestic Product (GDP) and economic growth. It defines GDP as the total value of final goods and services produced within a country in a year. GDP is made up of consumer spending, investment, government spending, and net exports. A country's GDP is used to measure its economic growth and is an indicator for governments and decision-makers. The document also lists several drivers of economic growth, such as increases in physical and human capital, technology, trade, savings, and education. It provides examples of steps China has taken to reduce income inequality like increasing minimum wage and restricting officials' incomes.
Contribution Of Sectors In GDP Of IndiaAbhey Gupta
India has seen a steady decline in agriculture and the primary sector's contribution to GDP, being replaced by growing service sectors like trade, finance, and transportation. The sectors are interdependent - for example, sugarcane farmers, sugar mills, cold drink manufacturers, and transporters all rely on each other for a cold drink to reach consumers. While services have grown rapidly and provided jobs, experts warn high services growth coupled with declining agriculture and industry may not be sustainable long-term. Recent estimates predict services will make up 55% of India's GDP by 2006, showing India is moving to a service-focused economy and helping drive the vision of a developed India by 2020.
INDIAN ECONOMY & SECTORIAL CONTRIBUTION IN GDP.Ammar Dalvi
The Indian economy has a GDP of $1.824 trillion, with the service sector contributing the most at 56.9% of GDP. Agriculture contributes 17.4% despite facing problems like poor infrastructure and lack of storage facilities. The industrial sector, including textiles, retail, and manufacturing, contributes 28.8% but has potential for more growth. Information technology and business process outsourcing are major contributors to the strong service sector. Addressing agricultural challenges and increasing manufacturing output could help develop the Indian economy further.
This document provides an overview of GDP trends in India over the past decade. It discusses what GDP is and how it is calculated. It then analyzes India's GDP growth rate, GDP per capita, and GDP from key sectors like agriculture and manufacturing from 2011 to 2016. Recent years saw GDP growth of 7.1-7.3% annually. However, demonetization in 2016 is estimated to have slowed GDP growth to 0.5% between October 2016 and March 2017, down from 6.4% in the prior six months. The document was presented by a team of four students and acknowledges the support received.
Concept of GDP (Gross Domestic Product) and GDH (Gross Domestic Happiness)TanmayGanorkar1
The document discusses the concepts of GDP (Gross Domestic Product) and GDH (Gross Domestic Happiness). It defines GDP as a monetary measure of the value of all final goods and services produced within a country in a given period. GDP is commonly used to determine a country's economic performance and allow for international comparisons. It then outlines the key components that comprise GDP - consumption, investment, government spending, and exports/imports. The document also provides rankings of countries by GDP value and details about India's GDP. It then introduces GDH/GNH as an alternative concept that aims to measure overall well-being by considering environmental, health, education and happiness indicators, in addition to economic factors. It outlines the
The document discusses the sectoral distribution of the Indian economy. It is divided into three main sectors: the primary sector involves activities like agriculture, fishing, mining and forestry; the secondary sector includes industries like steel, textiles, energy and manufacturing; the tertiary sector or service sector involves industries like banking, insurance, hotels and airlines. The primary sector's contribution to GDP has declined from 50% in 1970 to around 25% now, while the secondary and tertiary sectors have grown in their share of the Indian economy.
Chapter - 2, Sectors of the Indian Economy, Economics, Social Science, Class 10Shivam Parmar
I have expertise in making educational and other PPTs. Email me for more PPTs at a very reasonable price that perfectly fits your budget.
Email: parmarshivam105@gmail.com
Chapter - 2, Sectors of the Indian Economy, Economics, Social Science, Class 10
INTRODUCTION
SECTORAL CLASSIFICATION OF ECONOMIC ACTIVITIES
PRIMARY SECTOR
SECONDARY SECTOR
TERTIARY SECTOR
COMPARING THE THREE SECTORS
HOW TO CREATE MORE EMPLOYMENT?
NREGA 2005
DIVISION OF SECTORS ON THE BASIS OF ORGANISATION
ORGANIZED SECTOR
UNORGANIZED SECTOR
HOW TO PROTECT WORKERS IN THE UNORGANIZED SECTOR
SECTORS IN TERMS OF OWNERSHIP
Every topic of this chapter is well written concisely and visuals will help you in understanding and imagining the practicality of all the topics.
By Shivam Parmar (PPT Designer)
Infrastructure bottlenecks & economic development in indiaSambit Biswal
India's infrastructure was underdeveloped at independence, hindering economic growth. Key factors for fast economic growth include natural resources, capital, skills, technology, supportive government policies and infrastructure development. However, poor port and road infrastructure as well as differing tax structures between states negatively impact India's competitiveness globally and the sustainability of its markets. In the late 2000s, India's growth reached 7.5% annually, which could double average incomes within a decade if further market reforms were implemented, but infrastructure bottlenecks remain an obstacle.
Macroeconomics which is a branch of economics dealing with the performance, structure, behaviour, and decision-making of an economy as a whole, rather than individual markets, is considered to be tough subject for students who are preparing for competitive exams. This is the 1st Volume of DID YOU KNOW: Indian Macroeconomics Made Easy which will uncover some interesting and not so known facts about Indian Macroeconomics which took Indian economy to what it is today. This edition specifically unveils the facts from 1999-2013.
The document analyzes the impact of macroeconomic and bank-specific factors on the profitability of Punjab National Bank and Axis Bank over 13 years. It examines variables like GDP, inflation, interest rates, liquidity ratios, capital adequacy ratios, and operating costs to determine their effect on the banks' return on assets. Key findings include Axis Bank generally having higher liquidity and risks but lower costs than Punjab National Bank. Return on assets increased over time for both banks but was higher for Axis Bank.
This document outlines India's economic vision for 2020 and discusses barriers to achieving that vision. It summarizes Dr. Kalam's vision for India in 2020, which included doubling agricultural production and providing universal education and healthcare. It then discusses India's current economic scenario, including GDP growth of 8.8% and issues like high inflation and weaknesses in education and healthcare. Barriers to achieving the 2020 vision are identified as problems in agriculture, education, healthcare, energy, infrastructure, and communication access. The document also discusses how increased foreign direct investment could help improve the economy. It concludes by outlining actions India must take in areas like agriculture, energy, infrastructure, industry, healthcare and education to realize its 2020 economic vision.
The document compares manufacturing in India and China. It discusses that India is moving toward high-end manufacturing and its manufacturing sector contributes 16% to GDP. Compensation costs in India are not directly comparable to other countries due to differences in organized vs unorganized sectors. In China, manufacturing contributes 44.1% to GDP and accounts for 11.3% of employment, with electronics, food, and machinery being major industries. A comparison notes factors like lower hourly costs and preferential policies that have led to growth in India, while lower foreign investment and restrictive labor laws have slowed it, and China has even lower hourly costs than most countries.
1) India has experienced rising real GDP growth over time, but the composition of GDP has shifted significantly between sectors.
2) Specifically, the agriculture sector's contribution to GDP has declined substantially as the industry and services sectors have grown.
3) GDP is an imperfect measure of economic welfare as it does not account for income distribution, environmental damage, or non-monetized activities that contribute to well-being. Improvements in key areas like governance, education, infrastructure are needed to further increase India's GDP.
The passage discusses India's declining economic growth rate of 5.3%, the lowest in seven years, and the implications this has. It notes that the near double-digit growth previously promised to lift hundreds of millions out of poverty but that goal is now in jeopardy. The economic miracle now feels like a mirage with the currency slump, decline in private investment, and falling GDP. Lower growth carries significant social costs as jobs and opportunities for the large youth population are reduced.
China and India have experienced rapid economic growth over the past 50 years, transforming from among the poorest countries to economic giants. While China's economy has a centrally planned system and suppressed private business historically, it now encourages foreign investment and small businesses. India has a market-based system and sees foreign trade and investment as integral to its economy. Both countries are known for low-cost consumer goods, call centers, and computer engineers. Their economies have grown significantly in recent decades, with China's growth averaging around 8% annually and driven largely by manufacturing, while India's services sector contributes over half its GDP and it has the world's second largest labor force.
The document discusses the major sectors of India's economy:
- The primary sector involves agriculture, mining, forestry and fishing and employs 52.1% of India's workforce but contributes only 15.7% to GDP. India is a top global producer of crops like pulses, jute and milk.
- The secondary sector is manufacturing and construction, employing around 23% of the workforce. Textiles is a major employer in this sector.
- The tertiary sector is services and contributes 55% to India's GDP, with information technology and business outsourcing being fast growing segments.
India faces significant infrastructure bottlenecks that are hindering its economic competitiveness and growth. These bottlenecks include inadequate road and transport infrastructure between ports, rail hubs, and industrial areas. This leads to higher business costs and negatively impacts India's exports. While the government has recognized the need for infrastructure development and established committees to accelerate projects, many initiatives have faced delays and failures due to issues like lack of private investment, land acquisition problems, and bureaucratic red tape. Addressing infrastructure bottlenecks remains a key challenge in allowing India to achieve its economic growth potential.
This document is a project report on the impact of macroeconomic determinants like inflation, unemployment, foreign direct investment, and poverty on India's GDP growth rate. It provides an economic profile of India, including key statistics on GDP composition and growth. It then analyzes various macroeconomic factors in depth, discussing inflation rates and causes, types and measurement of unemployment, trends in foreign investment, and the challenges of poverty. The report concludes by emphasizing the importance of investment and effective policymaking for India's continued economic development.
This document discusses GDP and ways to increase GDP in India. It defines GDP as the total market value of goods and services produced within a country over a period of time. It explains the expenditure, income, and value added approaches to measuring GDP. The key equation for GDP is provided as GDP=C+I+G+(X-M), representing consumption, investment, government spending, and net exports. Suggestions to increase India's GDP include increasing public-private partnerships, infrastructure development, funding startups, research support, balanced trade, transparent business policies, job creation, reducing non-essential imports, and supporting small and medium enterprises.
This document discusses causes of cost overrun in construction projects in India. It first provides background on the size and importance of the construction industry in India. It then discusses common issues like delays, cost overruns, and deficiencies in planning, procurement and management that contribute to problems. The researcher conducted a literature review and identified major causes of cost overrun according to previous studies. These include inadequate project formulation, planning, contract management, and project management during execution. The researcher designed a study using questionnaires to identify and rank important causes of cost overrun from the perspective of clients, consultants, and contractors. The results would help determine which causes require the most attention.
This document summarizes the impact of India's 7.9% GDP growth rate on its major economic sectors - agriculture, manufacturing, and services - as well as job creation. It notes that while GDP has grown at 7.9%, job creation has only increased by 1%. Agriculture accounts for 18.6% of GDP but 60% of employment. The manufacturing sector represents 9% of GDP and 17% of jobs. Services make up 59% of GDP and 18.1% of employment. It outlines challenges facing each sector, such as unskilled labor and technology issues in manufacturing, and infrastructure problems in services.
The document discusses India's share in the world economy over different periods of history. It was divided into three eras: pre-colonial, British colonial rule, and post-independence. After independence in 1947, India's economy was influenced by the British system and focused on import substitution, industrialization, and state intervention. Economic reforms in 1991 opened India's economy. The document also outlines India's contributions to the world economy through sectors like agriculture, industry, services, and its growing GDP and workforce. It compares India's economic growth to China's and projects that India may become a superpower if it focuses on infrastructure, education, and improving its business climate and public expenditure efficiency.
The document discusses production, employment, and the GDP in India. It notes that GDP is the total value of goods and services produced in a country in a year. The three main sectors are agriculture, industry, and services. Over time, the importance of agriculture has declined while industry and services have grown. Currently, over half of Indian workers are in agriculture but it contributes only one-sixth of GDP, while industry and services contribute three-fourths of GDP but employ half the workers. There is both organized and unorganized employment in India, with most workers in the unorganized sector lacking job security and benefits.
INDIA’S GDP IN PRE AND POST GLOBALISED ERA: AN APPRAISALIAEME Publication
The quintessence of the present study is to have an overview of GDP (Gross Domestic Product) and its importance to the economy. In addition the present study also aims to highlight the India’s GDP figures since 1964, recent contribution of various sectors (i.e. agriculture, industry and services) in India’s GDP and impact of LPG (Liberalisation Privatisation Globalisation) policy on India’s GDP.
India's GDP has grown significantly over the past 35 years, outpacing global growth. While its growth has been slower than China's, considering India's reforms began 13 years later, the difference is not as large. India's growth has been driven by the services sector rather than manufacturing. Rising incomes, falling interest rates, and increasing domestic savings are fueling strong consumption. Labor productivity has also increased faster than wages. Imports and exports as a percentage of GDP have risen steadily. FDI and FII inflows have grown substantially since economic reforms began in 1991. Outward FDI has increased 30-fold since the 1990s. Recently, inflation and interest rates have fallen in India, signaling an economic recovery.
The document discusses the sectoral distribution of the Indian economy. It is divided into three main sectors: the primary sector involves activities like agriculture, fishing, mining and forestry; the secondary sector includes industries like steel, textiles, energy and manufacturing; the tertiary sector or service sector involves industries like banking, insurance, hotels and airlines. The primary sector's contribution to GDP has declined from 50% in 1970 to around 25% now, while the secondary and tertiary sectors have grown in their share of the Indian economy.
Chapter - 2, Sectors of the Indian Economy, Economics, Social Science, Class 10Shivam Parmar
I have expertise in making educational and other PPTs. Email me for more PPTs at a very reasonable price that perfectly fits your budget.
Email: parmarshivam105@gmail.com
Chapter - 2, Sectors of the Indian Economy, Economics, Social Science, Class 10
INTRODUCTION
SECTORAL CLASSIFICATION OF ECONOMIC ACTIVITIES
PRIMARY SECTOR
SECONDARY SECTOR
TERTIARY SECTOR
COMPARING THE THREE SECTORS
HOW TO CREATE MORE EMPLOYMENT?
NREGA 2005
DIVISION OF SECTORS ON THE BASIS OF ORGANISATION
ORGANIZED SECTOR
UNORGANIZED SECTOR
HOW TO PROTECT WORKERS IN THE UNORGANIZED SECTOR
SECTORS IN TERMS OF OWNERSHIP
Every topic of this chapter is well written concisely and visuals will help you in understanding and imagining the practicality of all the topics.
By Shivam Parmar (PPT Designer)
Infrastructure bottlenecks & economic development in indiaSambit Biswal
India's infrastructure was underdeveloped at independence, hindering economic growth. Key factors for fast economic growth include natural resources, capital, skills, technology, supportive government policies and infrastructure development. However, poor port and road infrastructure as well as differing tax structures between states negatively impact India's competitiveness globally and the sustainability of its markets. In the late 2000s, India's growth reached 7.5% annually, which could double average incomes within a decade if further market reforms were implemented, but infrastructure bottlenecks remain an obstacle.
Macroeconomics which is a branch of economics dealing with the performance, structure, behaviour, and decision-making of an economy as a whole, rather than individual markets, is considered to be tough subject for students who are preparing for competitive exams. This is the 1st Volume of DID YOU KNOW: Indian Macroeconomics Made Easy which will uncover some interesting and not so known facts about Indian Macroeconomics which took Indian economy to what it is today. This edition specifically unveils the facts from 1999-2013.
The document analyzes the impact of macroeconomic and bank-specific factors on the profitability of Punjab National Bank and Axis Bank over 13 years. It examines variables like GDP, inflation, interest rates, liquidity ratios, capital adequacy ratios, and operating costs to determine their effect on the banks' return on assets. Key findings include Axis Bank generally having higher liquidity and risks but lower costs than Punjab National Bank. Return on assets increased over time for both banks but was higher for Axis Bank.
This document outlines India's economic vision for 2020 and discusses barriers to achieving that vision. It summarizes Dr. Kalam's vision for India in 2020, which included doubling agricultural production and providing universal education and healthcare. It then discusses India's current economic scenario, including GDP growth of 8.8% and issues like high inflation and weaknesses in education and healthcare. Barriers to achieving the 2020 vision are identified as problems in agriculture, education, healthcare, energy, infrastructure, and communication access. The document also discusses how increased foreign direct investment could help improve the economy. It concludes by outlining actions India must take in areas like agriculture, energy, infrastructure, industry, healthcare and education to realize its 2020 economic vision.
The document compares manufacturing in India and China. It discusses that India is moving toward high-end manufacturing and its manufacturing sector contributes 16% to GDP. Compensation costs in India are not directly comparable to other countries due to differences in organized vs unorganized sectors. In China, manufacturing contributes 44.1% to GDP and accounts for 11.3% of employment, with electronics, food, and machinery being major industries. A comparison notes factors like lower hourly costs and preferential policies that have led to growth in India, while lower foreign investment and restrictive labor laws have slowed it, and China has even lower hourly costs than most countries.
1) India has experienced rising real GDP growth over time, but the composition of GDP has shifted significantly between sectors.
2) Specifically, the agriculture sector's contribution to GDP has declined substantially as the industry and services sectors have grown.
3) GDP is an imperfect measure of economic welfare as it does not account for income distribution, environmental damage, or non-monetized activities that contribute to well-being. Improvements in key areas like governance, education, infrastructure are needed to further increase India's GDP.
The passage discusses India's declining economic growth rate of 5.3%, the lowest in seven years, and the implications this has. It notes that the near double-digit growth previously promised to lift hundreds of millions out of poverty but that goal is now in jeopardy. The economic miracle now feels like a mirage with the currency slump, decline in private investment, and falling GDP. Lower growth carries significant social costs as jobs and opportunities for the large youth population are reduced.
China and India have experienced rapid economic growth over the past 50 years, transforming from among the poorest countries to economic giants. While China's economy has a centrally planned system and suppressed private business historically, it now encourages foreign investment and small businesses. India has a market-based system and sees foreign trade and investment as integral to its economy. Both countries are known for low-cost consumer goods, call centers, and computer engineers. Their economies have grown significantly in recent decades, with China's growth averaging around 8% annually and driven largely by manufacturing, while India's services sector contributes over half its GDP and it has the world's second largest labor force.
The document discusses the major sectors of India's economy:
- The primary sector involves agriculture, mining, forestry and fishing and employs 52.1% of India's workforce but contributes only 15.7% to GDP. India is a top global producer of crops like pulses, jute and milk.
- The secondary sector is manufacturing and construction, employing around 23% of the workforce. Textiles is a major employer in this sector.
- The tertiary sector is services and contributes 55% to India's GDP, with information technology and business outsourcing being fast growing segments.
India faces significant infrastructure bottlenecks that are hindering its economic competitiveness and growth. These bottlenecks include inadequate road and transport infrastructure between ports, rail hubs, and industrial areas. This leads to higher business costs and negatively impacts India's exports. While the government has recognized the need for infrastructure development and established committees to accelerate projects, many initiatives have faced delays and failures due to issues like lack of private investment, land acquisition problems, and bureaucratic red tape. Addressing infrastructure bottlenecks remains a key challenge in allowing India to achieve its economic growth potential.
This document is a project report on the impact of macroeconomic determinants like inflation, unemployment, foreign direct investment, and poverty on India's GDP growth rate. It provides an economic profile of India, including key statistics on GDP composition and growth. It then analyzes various macroeconomic factors in depth, discussing inflation rates and causes, types and measurement of unemployment, trends in foreign investment, and the challenges of poverty. The report concludes by emphasizing the importance of investment and effective policymaking for India's continued economic development.
This document discusses GDP and ways to increase GDP in India. It defines GDP as the total market value of goods and services produced within a country over a period of time. It explains the expenditure, income, and value added approaches to measuring GDP. The key equation for GDP is provided as GDP=C+I+G+(X-M), representing consumption, investment, government spending, and net exports. Suggestions to increase India's GDP include increasing public-private partnerships, infrastructure development, funding startups, research support, balanced trade, transparent business policies, job creation, reducing non-essential imports, and supporting small and medium enterprises.
This document discusses causes of cost overrun in construction projects in India. It first provides background on the size and importance of the construction industry in India. It then discusses common issues like delays, cost overruns, and deficiencies in planning, procurement and management that contribute to problems. The researcher conducted a literature review and identified major causes of cost overrun according to previous studies. These include inadequate project formulation, planning, contract management, and project management during execution. The researcher designed a study using questionnaires to identify and rank important causes of cost overrun from the perspective of clients, consultants, and contractors. The results would help determine which causes require the most attention.
This document summarizes the impact of India's 7.9% GDP growth rate on its major economic sectors - agriculture, manufacturing, and services - as well as job creation. It notes that while GDP has grown at 7.9%, job creation has only increased by 1%. Agriculture accounts for 18.6% of GDP but 60% of employment. The manufacturing sector represents 9% of GDP and 17% of jobs. Services make up 59% of GDP and 18.1% of employment. It outlines challenges facing each sector, such as unskilled labor and technology issues in manufacturing, and infrastructure problems in services.
The document discusses India's share in the world economy over different periods of history. It was divided into three eras: pre-colonial, British colonial rule, and post-independence. After independence in 1947, India's economy was influenced by the British system and focused on import substitution, industrialization, and state intervention. Economic reforms in 1991 opened India's economy. The document also outlines India's contributions to the world economy through sectors like agriculture, industry, services, and its growing GDP and workforce. It compares India's economic growth to China's and projects that India may become a superpower if it focuses on infrastructure, education, and improving its business climate and public expenditure efficiency.
The document discusses production, employment, and the GDP in India. It notes that GDP is the total value of goods and services produced in a country in a year. The three main sectors are agriculture, industry, and services. Over time, the importance of agriculture has declined while industry and services have grown. Currently, over half of Indian workers are in agriculture but it contributes only one-sixth of GDP, while industry and services contribute three-fourths of GDP but employ half the workers. There is both organized and unorganized employment in India, with most workers in the unorganized sector lacking job security and benefits.
INDIA’S GDP IN PRE AND POST GLOBALISED ERA: AN APPRAISALIAEME Publication
The quintessence of the present study is to have an overview of GDP (Gross Domestic Product) and its importance to the economy. In addition the present study also aims to highlight the India’s GDP figures since 1964, recent contribution of various sectors (i.e. agriculture, industry and services) in India’s GDP and impact of LPG (Liberalisation Privatisation Globalisation) policy on India’s GDP.
India's GDP has grown significantly over the past 35 years, outpacing global growth. While its growth has been slower than China's, considering India's reforms began 13 years later, the difference is not as large. India's growth has been driven by the services sector rather than manufacturing. Rising incomes, falling interest rates, and increasing domestic savings are fueling strong consumption. Labor productivity has also increased faster than wages. Imports and exports as a percentage of GDP have risen steadily. FDI and FII inflows have grown substantially since economic reforms began in 1991. Outward FDI has increased 30-fold since the 1990s. Recently, inflation and interest rates have fallen in India, signaling an economic recovery.
Recently, IMF said that India will grew at 7.5% overtaking China as the fastest growing economy in 2015-16 due to recent policy initiatives made by government of India.But the prospects could change depending on the implementation of the reforms of the new Modi government.
The document discusses India's GDP history from the 1990s to the present. It notes that economic liberalization in the 1990s led to growth in many sectors and increased foreign investment. GDP grew from 5.5 trillion in 1990 to over 20 trillion in 2000 and 34 trillion in 2005. Currently, India has the 12th largest economy and 5th largest based on purchasing power. The service sector now accounts for over half of GDP, and India has maintained strong growth rates over the past decades.
The document discusses the impact of globalization on the Indian economy and service sector. It notes that globalization has had a highly positive impact on India's economic growth, reducing poverty and increasing employment, exports, and competitiveness. The service sector is a major contributor to India's social and economic growth, and has grown significantly due to factors like urbanization and privatization. India's GDP growth rate has increased from 5.6% in 1980-1990 to over 8% in some years since the 1990s. India has also improved its global economic position and is now a top exporter of services. However, the document cautions that policies like liberalization and privatization must be properly sequenced and paced to provide safety nets and avoid
Economics - Over dependence On Service Sector Ppt - Done By Eco GrpKunj _R
The document discusses India's overdependence on the service sector. It notes that while the service sector contributes nearly half of India's GDP and is the largest and fastest growing sector, overdependence on it is not good for the economy and can lead to issues like unemployment. The service sector provides employment to around 52% of the working population but lacks capital formation. There is a need for India to develop its agriculture and manufacturing sectors further to balance economic growth and employment opportunities across different sectors.
Consulting club presents 'The Indian Econonmic Outlook'Consultancyscmhrd
The document discusses the Indian economic outlook and provides statistics on key indicators. It summarizes that India has the 10th largest economy in the world by GDP. Several sectors of the Indian economy are discussed in detail, including agriculture, industry, services, banking/IT, telecom, healthcare, and infrastructure. While India has experienced strong growth in recent years, the economy has also slowed with GDP growth falling from over 8% to 5% and several sectors contracting. The document also notes trends of increasing foreign debt and decreasing foreign exchange reserves and budget/fiscal deficits as a percentage of GDP.
The document provides an overview of investment opportunities in key Indian industries, including automotive, heavy engineering, power equipment, textiles, electronics, and pharmaceuticals. It notes that India has a fast growing economy and trade between India and China has increased significantly in recent years. The industries discussed have huge growth potential due to factors like large domestic demand, low production costs, skilled workforce, and government initiatives and investments planned in areas like infrastructure and manufacturing.
This document provides an overview of the Indian economy through analyzing various economic indicators and trends. It discusses that India has over 1 billion people, with 28% living in urban areas. The economy has experienced high GDP growth of around 9% in recent years. However, poverty and unemployment remain problems, with 27% of Indians living below the poverty line and the unemployment rate at 7.3%. While the service sector has grown significantly, around 60% of Indians still work in agriculture and the informal sector without social security. Overall the economy has liberalized and opened up since the early 1990s, but development remains uneven and greater regular employment is needed for more inclusive growth.
The document provides an overview of key concepts in economics including industrial policy, objectives of industrial policy, key areas of focus for industrial policy, initiatives taken by the Indian government, and challenges facing the Indian economy. It also defines important economic indicators such as GDP, GNP, and explains why India has become an attractive destination for foreign direct investment.
The indicators of indian economy ppt @ mba 2009Babasab Patil
The document discusses various leading economic indicators of the Indian economy such as GDP growth trends, inflation rates, interest rates, credit levels, exports, imports, foreign investment, stock market performance, monsoon rainfall, and development indicators. Leading indicators can provide useful insights into the future direction of the economy by signaling turning points in business cycles ahead of changes in broader economic conditions. Monitoring a basket of leading indicators allows for more accurate forecasting of the overall performance of the Indian economy.
Productivity Growth in Indian Manufacturing sectorSparsh Banga
This document summarizes research on productivity growth in the Indian manufacturing sector. It discusses various approaches to measuring total factor productivity (TFP), including index number, growth accounting, and econometric approaches. Empirical studies on TFP in Indian manufacturing are reviewed, finding mixed results on whether TFP growth accelerated or decelerated after economic reforms in 1991. While reforms had a positive impact, other factors like declining agriculture growth and lower capacity utilization in industry may have slowed TFP growth. The document aims to measure TFP in Indian manufacturing using growth accounting and analyze reasons for challenges in achieving desired results.
- India is one of the world's fastest growing economies and among the largest in terms of GDP. However, it has been facing sustained trade deficits since 1980 mainly due to high imports of crude oil, gold, machinery, and electronic goods.
- In 2014, Prime Minister Modi launched the "Make in India" campaign to transform India into a global manufacturing hub and attract foreign businesses to set up factories by improving ease of business and replacing red tape with incentives.
- The campaign aims to create jobs and boost manufacturing in 25 key sectors such as automobiles, food processing, textiles, IT, roads, and construction where India has strong growth potential and a favorable business environment for foreign investment.
The document provides an overview of the Indian economy through its history of Five Year Plans from 1951 to present day. It summarizes the objectives, growth targets, and outcomes of each successive plan. Additionally, it outlines the current composition and size of the Indian economy, describing its standing globally in terms of GDP and key sectors including agriculture, industry, services, and others that comprise 57%, 26%, and 17% of the economy respectively.
This document provides a development profile of India. It analyzes India's income level, poverty and inequality, economic structure, and economic performance from 2000-2012. Key findings include:
- India's GDP per capita increased steadily from 2000-2012, indicating economic growth.
- India's HDI and living standards are lower than China's, though income inequality is greater in China.
- India's poverty gap is narrowing, but over 20% of the population still lives below the poverty line.
- The economy is shifting from agriculture to industry and services, raising incomes and consumption.
Globalization has had a highly positive impact on the Indian economy. It has led to high economic growth, booming exports, reduced poverty, increased employment, decreased inflation, and improved quality of products. The service sector is a major driver of India's social and economic growth. It has grown due to urbanization, privatization, and increased demand for intermediate and consumer services. While globalization has benefited India, its policies must be customized to each country and have adequate safety nets and regulatory frameworks to balance economic development with social costs.
This document provides a case study on the influence of globalization on India's economy. It discusses how India has experienced consistent economic growth through pursuing economic reforms and liberalization since 1991. This opened India's markets to foreign investment and trade. As a result, India's aggregate supply and demand have increased, driven by factors such as improved infrastructure, rising incomes, and growth in exports. Globalization has played a key role in India's transition to a more developed, services-based economy and period of strong economic expansion.
1. The document provides an overview of the Indian economy, including key economic indicators and statistics from 2015.
2. It outlines the structure and characteristics of the Indian economy, such as its developing status, agricultural base, and economic reforms since the 1990s that have liberalized the economy.
3. The economic reforms have transformed India into one of the fastest growing economies in the world with an average growth rate of 7% over the past two decades.
Gujarat is a leading investment destination in India, with a fast growing economy, business-friendly policies, and strong infrastructure. The state accounts for 16% of India's industrial production while having only 5% of the country's population. Key sectors include petroleum, chemicals, engineering and food processing. Gujarat offers attractive incentives for investment including tax holidays, duty exemptions, and 21 special economic zones to drive industrial growth.
Confirmation of Payee (CoP) is a vital security measure adopted by financial institutions and payment service providers. Its core purpose is to confirm that the recipient’s name matches the information provided by the sender during a banking transaction, ensuring that funds are transferred to the correct payment account.
Confirmation of Payee was built to tackle the increasing numbers of APP Fraud and in the landscape of UK banking, the spectre of APP fraud looms large. In 2022, over £1.2 billion was stolen by fraudsters through authorised and unauthorised fraud, equivalent to more than £2,300 every minute. This statistic emphasises the urgent need for robust security measures like CoP. While over £1.2 billion was stolen through fraud in 2022, there was an eight per cent reduction compared to 2021 which highlights the positive outcomes obtained from the implementation of Confirmation of Payee. The number of fraud cases across the UK also decreased by four per cent to nearly three million cases during the same period; latest statistics from UK Finance.
In essence, Confirmation of Payee plays a pivotal role in digital banking, guaranteeing the flawless execution of banking transactions. It stands as a guardian against fraud and misallocation, demonstrating the commitment of financial institutions to safeguard their clients’ assets. The next time you engage in a banking transaction, remember the invaluable role of CoP in ensuring the security of your financial interests.
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The Rise and Fall of Ponzi Schemes in America.pptxDiana Rose
Ponzi schemes, a notorious form of financial fraud, have plagued America’s investment landscape for decades. Named after Charles Ponzi, who orchestrated one of the most infamous schemes in the early 20th century, these fraudulent operations promise high returns with little or no risk, only to collapse and leave investors with significant losses. This article explores the nature of Ponzi schemes, notable cases in American history, their impact on victims, and measures to prevent falling prey to such scams.
Understanding Ponzi Schemes
A Ponzi scheme is an investment scam where returns are paid to earlier investors using the capital from newer investors, rather than from legitimate profit earned. The scheme relies on a constant influx of new investments to continue paying the promised returns. Eventually, when the flow of new money slows down or stops, the scheme collapses, leaving the majority of investors with substantial financial losses.
Historical Context: Charles Ponzi and His Legacy
Charles Ponzi is the namesake of this deceptive practice. In the 1920s, Ponzi promised investors in Boston a 50% return within 45 days or 100% return in 90 days through arbitrage of international reply coupons. Initially, he paid returns as promised, not from profits, but from the investments of new participants. When his scheme unraveled, it resulted in losses exceeding $20 million (equivalent to about $270 million today).
Notable American Ponzi Schemes
1. Bernie Madoff: Perhaps the most notorious Ponzi scheme in recent history, Bernie Madoff’s fraud involved $65 billion. Madoff, a well-respected figure in the financial industry, promised steady, high returns through a secretive investment strategy. His scheme lasted for decades before collapsing in 2008, devastating thousands of investors, including individuals, charities, and institutional clients.
2. Allen Stanford: Through his company, Stanford Financial Group, Allen Stanford orchestrated a $7 billion Ponzi scheme, luring investors with fraudulent certificates of deposit issued by his offshore bank. Stanford promised high returns and lavish lifestyle benefits to his investors, which ultimately led to a 110-year prison sentence for the financier in 2012.
3. Tom Petters: In a scheme that lasted more than a decade, Tom Petters ran a $3.65 billion Ponzi scheme, using his company, Petters Group Worldwide. He claimed to buy and sell consumer electronics, but in reality, he used new investments to pay off old debts and fund his extravagant lifestyle. Petters was convicted in 2009 and sentenced to 50 years in prison.
4. Eric Dalius and Saivian: Eric Dalius, a prominent figure behind Saivian, a cashback program promising high returns, is under scrutiny for allegedly orchestrating a Ponzi scheme. Saivian enticed investors with promises of up to 20% cash back on everyday purchases. However, investigations suggest that the returns were paid using new investments rather than legitimate profits. The collapse of Saivian l
How Poonawalla Fincorp and IndusInd Bank’s Co-Branded RuPay Credit Card Cater...beulahfernandes8
The eLITE RuPay Platinum Credit Card, a strategic collaboration between Poonawalla Fincorp and IndusInd Bank, represents a significant advancement in India's digital financial landscape. Spearheaded by Abhay Bhutada, MD of Poonawalla Fincorp, the card leverages deep customer insights to offer tailored features such as no joining fees, movie ticket offers, and rewards on UPI transactions. IndusInd Bank's solid banking infrastructure and digital integration expertise ensure seamless service delivery in today's fast-paced digital economy. With a focus on meeting the growing demand for digital financial services, the card aims to cater to tech-savvy consumers and differentiate itself through unique features and superior customer service, ultimately poised to make a substantial impact in India's digital financial services space.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Dr. Alyce Su Cover Story - China's Investment Leadermsthrill
In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
Discovering Delhi - India's Cultural Capital.pptxcosmo-soil
Delhi, the heartbeat of India, offers a rich blend of history, culture, and modernity. From iconic landmarks like the Red Fort to bustling commercial hubs and vibrant culinary scenes, Delhi's real estate landscape is dynamic and diverse. Discover the essence of India's capital, where tradition meets innovation.
An accounting information system (AIS) refers to tools and systems designed for the collection and display of accounting information so accountants and executives can make informed decisions.
KYC Compliance: A Cornerstone of Global Crypto Regulatory FrameworksAny kyc Account
This presentation explores the pivotal role of KYC compliance in shaping and enforcing global regulations within the dynamic landscape of cryptocurrencies. Dive into the intricate connection between KYC practices and the evolving legal frameworks governing the crypto industry.
Discover the Future of Dogecoin with Our Comprehensive Guidance36 Crypto
Learn in-depth about Dogecoin's trajectory and stay informed with 36crypto's essential and up-to-date information about the crypto space.
Our presentation delves into Dogecoin's potential future, exploring whether it's destined to skyrocket to the moon or face a downward spiral. In addition, it highlights invaluable insights. Don't miss out on this opportunity to enhance your crypto understanding!
https://36crypto.com/the-future-of-dogecoin-how-high-can-this-cryptocurrency-reach/
Budgeting as a Control Tool in Government Accounting in Nigeria
Being a Paper Presented at the Nigerian Maritime Administration and Safety Agency (NIMASA) Budget Office Staff at Sojourner Hotel, GRA, Ikeja Lagos on Saturday 8th June, 2024.
In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
A toxic combination of 15 years of low growth, and four decades of high inequality, has left Britain poorer and falling behind its peers. Productivity growth is weak and public investment is low, while wages today are no higher than they were before the financial crisis. Britain needs a new economic strategy to lift itself out of stagnation.
Scotland is in many ways a microcosm of this challenge. It has become a hub for creative industries, is home to several world-class universities and a thriving community of businesses – strengths that need to be harness and leveraged. But it also has high levels of deprivation, with homelessness reaching a record high and nearly half a million people living in very deep poverty last year. Scotland won’t be truly thriving unless it finds ways to ensure that all its inhabitants benefit from growth and investment. This is the central challenge facing policy makers both in Holyrood and Westminster.
What should a new national economic strategy for Scotland include? What would the pursuit of stronger economic growth mean for local, national and UK-wide policy makers? How will economic change affect the jobs we do, the places we live and the businesses we work for? And what are the prospects for cities like Glasgow, and nations like Scotland, in rising to these challenges?
How to Invest in Cryptocurrency for Beginners: A Complete GuideDaniel
Cryptocurrency is digital money that operates independently of a central authority, utilizing cryptography for security. Unlike traditional currencies issued by governments (fiat currencies), cryptocurrencies are decentralized and typically operate on a technology called blockchain. Each cryptocurrency transaction is recorded on a public ledger, ensuring transparency and security.
Cryptocurrencies can be used for various purposes, including online purchases, investment opportunities, and as a means of transferring value globally without the need for intermediaries like banks.
University of North Carolina at Charlotte degree offer diploma Transcripttscdzuip
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2. What is GDP ?
1. Gross domestic product ( GDP ) is defined as the
market value of all the final goods and services
produced within a country in a given period of time.
2. It is one of the measure of the size of economy .
3. It is an indicator of economic health of a country .
4. It can measure spending on all goods and services or
it can also measure all income earned .
In a simple language, GDP is a broad
measurement of nations overall economy .
3. GDP can be calculated as follows :
GDP = C + G + I + NX
Where,
C : Private consumption or consumer spending .
G : Sum of government spending .
I : Sum of all the country’s investment .
NX: Nation’s total net exports(NX=exports-imports)
4. 1. The Gross Domestic Product (GDP) in India was
worth 2073.54 billion USD in 2015.
2. The GDP value of India represents 3.34 % of the
world economy.
3. GDP in India averaged 582.99 USD Billion from 1970
until 2015, reaching an all time high of 2073.54 USD
Billion in 2015 and a low record of 63.50 USD Billion in
1970.
4. GDP in India is reported by the World Bank Group.
5. GDP $2.29 trillion (nominal; 2016) , $9.84
trillion (PPP; 2016)
GDP
RANK
5th (nominal) ; 3rd (PPP)
GDP
GROWTH
7.1% ( 2016-17 Q1 )
GDP PER
CAPITA
$2,620 (nominal; 129; 2016)
$7,884 (PPP; 108th ; 2016)
GDB BY
SECTOR
Agriculture and fisheries -16.1%
industry -29.5 %
services – 54.4% ( 2015 est )
6. 1) India has the one of fastest growing service
sectors in the world with annual growth rate of above 9%
since 2001, which contributed to 57% of GDP in 2012-13.
2) India has become a major exporter
of IT services, BPO services, and software services with
$167.0 billion worth of service exports in 2013-14. It is also
the fastest-growing part of the economy.
3) The IT industry continues to be the largest private
sector employer in India.
4) India is also the fourth largest start-up hub in the
world with over 3,100 technology start-ups in 2014-15 .
.
7. 5) The agricultural sector is the largest employer in
India's economy but contributes to a declining share of
its GDP (17% in 2013-14).
India ranks second worldwide in farm output.
6) The Industry sector has held a constant share of its
economic contribution (26% of GDP in 2013-14).
7)The Indian auto mobile industry is one of the largest
in the world with an annual production of 21.48
million vehicles (mostly two and three wheelers) in FY
2013-14.
8) India has $600 billion worth of retail market in 2015
and one of world's fastest growing E-Commerce
markets