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    The Indian economy has a GDP of $3.469 trillion with a population of over 1.4 billion people. Agriculture accounts for 16.38% of GDP while services account for 54.27%. In 2016, the government demonetized Rs. 500 and Rs. 1000 banknotes, aiming to curb corruption but also causing short-term economic issues. The COVID-19 pandemic caused India's GDP to shrink by 7.3% in 2020-21, the worst year for its economy since independence.

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    Indian economy

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    Economics presentation -1_221201_125631

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    The Indian economy has a GDP of $3.469 trillion with a population of over 1.4 billion people. Agriculture accounts for 16.38% of GDP while services account for 54.27%. In 2016, the government demonetized Rs. 500 and Rs. 1000 banknotes, aiming to curb corruption but also causing short-term economic issues. The COVID-19 pandemic caused India's GDP to shrink by 7.3% in 2020-21, the worst year for its economy since independence.

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    4 views8 pages

    Economics Presentation - 1 - 221201 - 125631

    Uploaded by

    adityachettri4105
    The Indian economy has a GDP of $3.469 trillion with a population of over 1.4 billion people. Agriculture accounts for 16.38% of GDP while services account for 54.27%. In 2016, the government demonetized Rs. 500 and Rs. 1000 banknotes, aiming to curb corruption but also causing short-term economic issues. The COVID-19 pandemic caused India's GDP to shrink by 7.3% in 2020-21, the worst year for its economy since independence.

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    ECONOMY OF INDIA

    ECONOMY OF INDIA
    Gdp, currency and demonetisation

    After 2000
    Gross domestic product : $3.469
    trillion (nominal; 2022 est.) $11.665
    trillion (PPP; 2022 est.)
    Imports: $612.608 billion (2021-22)

    Revenues: : ₹67.676 lakh crore (US$850 billion) (2022)

    GDP by sector: Agriculture: 16.38%


    Industry: 29.34%
    Services: 54.27%; (2020-21);

    Population: 1,417,173,173 (2022)

    Current account: −$38.7 billion (2021-22)


    The Indian Rupee ( Currency)

    The Indian rupee is the official currency of India.The issuance of the currency is controlled
    by the Reserve Bank of India.
    2016 Indian banknote demonetisation

    On 8 November 2016, the


    Government of India announced
    the demonetisation of all ₹500
    and ₹1,000 banknotes of the
    Mahatma Gandhi Series. It also
    announced the issuance of new
    ₹500 and ₹2,000 banknotes in
    exchange for the demonetised
    banknotes.
    OUTCOME OF DEMONETISATION
    1. Putting a complete full-stop to corrupt practices. 1. Inconvenient for the citizens.

    2. Reduced instances of tax avoidance.


    2. Remodification of ATMs.

    3. Short-term economic crisis for the needy.


    3. Increased GDP levels.
    Export and Import
    The top exports of India are Refined Petroleum The top imports of India are Crude Petroleum
    ($25.3B), Packaged Medicaments ($17.8B), ($59B),Electrical machinery equipment ($56.7B),
    Diamonds ($16B), Rice ($8.21B), and Jewellery Gold ($21.9B), Coal Briquettes ($20.9B), and
    ($7.57B), spices ($5.4M), etc. Petroleum Gas ($13.8B), etc.
    Economic impact of the
    COVID-19 pandemic in India
    The GDP growth had crashed 23.9% in response to the
    centre’s no notice lockdown. India’s GDP shrank 7.3% in
    2020-21. This was the worst performance of the Indian
    economy in any year since independence.
    Facts about the Indian economy

    1. Contribution of bollywood to the economy.


    2. Exporter of spices.
    3. Gold in household and temples.
    4. Indian railway employment.

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