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GDP Trends in India
GDP Trends in India
GDP Trends in India
GDP Trends In
India
Gross
D omestic
Product
INDIA'S GDP GROWTH 3
What is
GDP?
GDP =
Consumption (C) +
Or NET EXPORTS
Investment (I) +
Government Spending +
(Exports - Imports)
6
INDIA'S GDP GROWTH
Components of GDP
Represents all purchases of
goods and services made by
households (65-70%)
GDP =
Consumption (C) +
Or NET EXPORTS
Investment (I) +
Government Spending +
(Exports - Imports)
ple:
$5.00
• Prime Minister Narasimha Rao, along with his finance minister Dr. Manmohan Singh, initiated the economic
liberalization of 1991
• By the turn of the 21st century, India had progressed towards a free-market economy
• India enjoyed high growth rates for a period from 2003 to 2007 with growth averaging 9% during this
period
The Gross Domestic Product (GDP) in India was worth 2066.90 billion US dollars in 2014. The GDP value
of India represents 3.33 percent of the world economy. GDP in India averaged 550.27 USD Billion from
1970 until 2014, reaching an all time high of 2066.90 USD Billion in 2014 and a record low of 63.50 USD
Billion in 1970.
INDIA'S GDP GROWTH 21
Employ
ment
• Overall employment in India rose by 6.94 lakh says Economic Survey 2013
• Employment rises because of the development done in the economy by
the infrastructure, FDI
• Primary Sector
• Secondary Sector
• Tertiary Sector
Secondary
Sector
9.7
18%
46.4
57%
25%
43.9
Agriculture
Industry
Services
INDIA'S GDP GROWTH 34
Indian Agro-
Sector
INDIA'S GDP GROWTH 35
Some
Facts
•
India is largely an agricultural country.
• With 58% of rural households are employed in the agro-sector.
• Agro-Sector is crucial contributor to the GDP of Republic
Of India and a multi-billion $ industry.
• The food grains storage capacity is expected to expand to 35 MT in next 5
years.
• The agriculture sector in India is expected to generate better momentum in the
next few years due to increased investments in agricultural infrastructure such
as irrigation facilities, warehousing and cold storage.
• Factors such as reduced transaction costs and time, improved port gate
management and better fiscal incentives would contribute to the sector’s
growth.
• Furthermore, the growing use of genetically modified crops will likely
improve the yield for Indian farmers.