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.

1. Trends In Real GDP In India And Shifts In Its Composition A Rising Tide Does Not Lift All Boats Group # 01 AbhishekAgrawal (091101) AshwaniDusadh (091111) Imtiaz T.A (091121) PinkeshDhimar (091131) Ritesh Kumar (091141) Shuchi Sharma (091151) PGDBM (A) 2009-2011

3. Real GDP: Goods are evaluated at constant (base year) prices

4. Nominal GDP: Goods are evaluated at current year prices

7. Components Of GDP Agriculture Sector Industry Sector Service Sector

11. Factors Affecting GDP Government policies, People spending (more or less), Level of investment Climatic Conditions Political Stability World Environment

12. Source: Handbook of Statistics on Indian Economy 2008-09

14. GROWTH RATE IN COMPOSITION OF GDP

15. Composition Trend Line Source: Handbook of Statistics on Indian Economy 2008-09

16. Shift In Compositions Of GDP Source: Handbook of Statistics on Indian Economy 2008-09

17. Source: Handbook of Statistics on Indian Economy 2008-09 Shift In Compositions Of GDP

18. Source: Handbook of Statistics on Indian Economy 2008-09 Shift In Compositions Of GDP

19. China’s GDP-COMPARISION

22. Conclusion The illusiveness of this concept of national income is to be seen in its dependence on changes in the purchasing power of the monetary unit. The more inflation progresses, the higher rises the national income. Ludwig von Mises

23. References Ministry of Finance: http://www.finmin.nic.in/the_ministry/ http://www.finmin.nic.in/the_ministry/dept_expenditure/index.html Directorate of Data Management Central Excise & Customs. Economic servey 2007-08: http://indiabudget.nic.in/ Reserve Bank of India: http://www.rbi.org.in/scripts/statistics.aspx Centre for Monitoring Indian Economy Pvt. Ltd.: http://www.cmie.com/ http://dor.gov.in/ http://dx.doi.org/10.1787/843875747717 http://business.gov.in/outerwin.php?id=http://www.rbi.org.in/scripts/AnnualPublications.aspx?head=Trendand Progress of Banking in India

24. References http://business.gov.in/outerwin.php?id=http://indiabudget.nic.in/previouses.htm http://www.mospi.gov.in/mospi_nad_sdrs.htm Dornbusch R. et al, Macro Economics, Tata McGraw-Hill Publishing Company Limited,NewDelhi,Thirteenth Reprint. H. L. Ahuja, Managerial Economics, S. Chand & Company Ltd., New Delhi, First Edition. RBI handbook

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