2. OVERVIEW OF INDIAN ECONOMY:
The Indian economy has transformed into a vibrant,
rapidly growing consumer market, comprising over
300 million strong middle class with increasing
purchasing power.
An abundant and diversified natural resource base,
sound economic, industrial and market
fundamentals and highly skilled and talented
human resources, make India a destination for
business and investment opportunities with an
assured potential for attractive returns.
3. DEFINING ECONOMIC GROWTH :
Economic growth is increase in the amount of the
Goods and Services produced by an economy over
time.
Growth rate of GDP: [GDP(2010)-
GDP(2011)]/GDP(2010)*100]
4. G.D.P DURING THE LAST THREE YEARS :
GDP Growth Year
2007 9.4%
2008 7.3%
2009 5.4%
2010 7.2%
5.
6. SECTOR OF THE INDIAN ECONOMY :
Primary Sector
Secondary Sector
Tertiary Sector
7. PRIMARY SECTOR :
Activities undertaken by directly using natural
resources.
Example—Agriculture, Mining, Fishing, Forestry,
Dairy etc.
It is called primary sector because it forms the
base for all other products that we subsequently
make.
8. SECONDARY SECTOR :
It covers activities in which natural products are
changed into other forms through ways of
manufacturing that we associate with industrial
activity.
It is a next step after primary, where the product is
not produced by nature but has to be made.
Some process of manufacturing is essential, it
could be in a factory, a workshop or at home.
9. TERTIARY SECTOR :
These are the activities that help in the
development of the primary & secondary sector.
These activities by themselves do not produce
good but they are an aid and support to the
production process.
Example: Transportation, Goods that are
produced in the primary sector need to be
transported by trucks or trains and than sold in the
wholesale and retail shops.
10. AGRICULTURE :
Agriculture Largest Producer Of Tea, India
accounts of 14% of the world trade in tea.
Highest in terms of total milk production in the
world.
Third largest producer of cereals in the world: -
Wheat , Rice and Pulses
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12.
13. SERVICE SECTORS IN INDIA :
Trade
Hotels and Restaurants
Railways
Other Transport & Storage
Communication (Post, Telecom)
Banking
Insurance
Dwellings, Real Estate
Business Services
Public Administration, Defense Personal
Community Services
Other Services
14. TELECOMMUNICATIONS :
20% Growth rate(crossed 10 millions).
Fifth largest network in the world.
People below poverty line uses cell phones.
Maximum Public telephone Booths.
15. SECTORIAL CONTRIBUTIONS IN GDP &
EMPLOYMENTS :
Sector GDP(%) Employment(%)
Agricultural 17.5% 52%
Industrial 20% 14%
Service 62.6% 34%
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20. HIGHLIGHTS OF ECONOMIC SURVEY 2011-
12
Rate of growth estimated to be 6.9%. Outlook for growth
and stability is promising with real GDP growth expected
to pick up to 7.6% in 2012-13 and 8.6% in 2013-14.
Agriculture and Services sectors continue to perform
well. 2.5 % growth in Agro sector forecast. Services
sector grows by 9.4 %, its share in GDP goes up to
59%.
Industrial growth pegged at 4-5 percent, expected to
improve as economic recovery resumes.
Food inflation dropped from 20.2% in February 2010 to
1.6% in January 2012.
21. HIGHLIGHTS OF ECONOMIC SURVEY 2011-
12
Savings & capital formation expected to rise.
Exports grew @ 40.5% in the first half of this fiscal
and imports grew by 30.4%. Foreign trade
performance to remain a key driver of growth.
Central spending on social services goes up to
18.5% this fiscal from 13.4% in 2006-07.
Sustainable development and climate change
concerns on high priority.
