The document summarizes recent developments in the Indian economy over the past 10-15 years. It notes that India has experienced rapid economic growth averaging 7% annually since economic reforms in 1991. Key developments include growth in the information technology and services sectors, increased foreign investment, expansion of infrastructure like roads and airports, rising urbanization and literacy rates, and developments in healthcare, education, tourism, and rural development. Military research and development has also increased substantially with large contracts for aircraft and other equipment. The economy has become the 7th largest in the world and is classified as a newly industrialized nation.

1. Indian Economy:
Recent changes or developments in Indian
Economy…
BY:
SYED SHAFI

2. OVERVIEW OF INDIAN
ECONOMY
 The economy of India is the seventh-largest economy in
the world measured by nominal GDP and the third-
largest by purchasing power parity (PPP). The country
is classified as a newly industrialized country, one of
the G-20 major economies, a member of BRICS and
a developing economy with an average growth rate of
approximately 7% over the last two decades
 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:
GDP
• $2.25 trillion
(2016)
• 7th / 3rd
(PPP)
Currency
• Indian
rupee (INR)
(₹) =
100 Paise
FDI Stock
• Inward:
$282.27 billion
• Outward:
$138.97 billion

4. G.D.P during the last four
years
GDP Growth Year
2015-16 7.6
2014-15 7.2
2013-14 6.6
2012-13 5.6

5. Sectorial Contributions in GDP
& Employments
Sector GDP(%) Employment(%)
Agricultural 17.% 49%
Industrial 29.7% 20%
Service 45% 31%

6. RECENT
DEVELOPMENTS:
 After a major economic crisis in 1991,
followed by bold reform measures, the
economy has experienced a rapid
economic growth rate, more foreign
investment, and a boom in the information
technology sector.
 Let’s have a look at the developments in
India over the last 10 years. We will be
having a look at all the major areas

7. 10. Rural
Development:
 Developments in rural areas are majorly concerned
with the proper utilization of land resources and
imparting proper healthcare and education to the
people of rural areas.
 Development of small scale industries have made
people independent and confident.

8. 9. Power:
 In the last 10 years, power sector in India has seen
increased participation of private sector, both
foreign and domestic.
 ‘New’ Electricity act, 2003 is a landmark document,
first of its kind that revamps the regulatory
framework governing the power sector.

9. 8. Military research and
development:
 India has set a budget of $ 100 billion for defense
purchases for this decade. With this whooping
amount, India has its sight set on modernizing
military and jump-start its own defence industry.
 Let’s have a look at various deals:
 $ 10 billion contract for 126 multi-role combat
aircraft,

10. 7. Media and
Entertainment:
 Media and entertainment industry has became one
of the leading industries in India after registering an
explosive growth in the last decade. There are
more than 400 channels in the country till date.
 It increased from US $ 12.9 billion in 2009, to US $
14.4 billion in 2010. This showcases the explosive
growth of media and entertainment in India.

11. 6.
Tourism:
 Meanwhile, “Incredible India” campaign is being
maintained well by the tourism ministry.
o Rich history,
geographical and cultural
diversity attracts large
number of international
tourists in India. Tourism
generates much revenue
and opens employment
opportunities in the
country. GDP of tourism
sector has increased by
229% in the years 1990-
2011

12. 5. Economic Growth:
 With fundamental reforms and their renewal in
1991 and 2000s respectively, India has managed
to emerge as a free market economy. India is the
7th largest economy in the world.

13.  Agriculture: India is the 2nd largest food
producer in the world. Agriculture and allied
sectors like fishing, forestry, etcetera, gave
employment to 49% of the total workforce with
17% of GDP
 Oil and Natural gas reserves: India has
massive reserves of oil and natural gas. As of
January 2010, India has about 5.62 billion
barrels of oil and 1.437 billion cubic meters of
natural gas reserves.
 Employment: Employment growth in India is
only 2.3% per year, but labor force is growing by
2.5% a year. Unemployment in India is more
than 9% and only 10% of workforce is engaged
in regular employment.

14. 4.
Infrastructure:  Aspirations of Indians are
soaring high. This
requires massive
investments to create new
jobs, housing and to
make cities and towns
more livable. With the
development of India’s
human potential,
infrastructure
development plays a
major role to determine
the shape of country.
 Infrastructure of any
country boosts its pride
and India has been
witnessing continuous
changes in this sector, be
it roadways, railways,
airport, etc.

15. 3.
Urbanization:
 It was after India’s adoption of mixed system of
economy that urbanization in India gained
prominence. Only 11.4% of population resided in
urban areas according to 1901 census. The count
kept on increasing and it was 28.53% in 2001 and
crossed 30% in 2011, constant at 31.16%. It has
been analyzed in a survey that by 2030, this count
will go up to 40.76%

16. 2.
Education: The literacy rate in India was recorded as 74% in
2011 census. India is now ranked at number 3 after
china and U.S.A in the field of higher education.
 Education system in India has seen many critical
changes. Some of these changes are very
advantageous. Let’s have a look at the few of
them:
 Online education in India
 Distance education

17. 1.
Healthcare:
 Healthcare systems are established all over
the country to provide better diagnosis,
treatment of diseases, illness, etc. Health
care plays a significant role in any country’s
economy.
 The 12thfive-year plan also underlined various
strategies related to health. They are:
 Substantial expansion and strengthening of
public sector health care systems.
 It stresses on cooperation between public and
private health care providers.
 Expansion of medical colleges and hospitals,
etc.

18. THANK YOU
Source : Wikipedia, Credit Suis