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    Country 2020: Vikrant Singh Prashik Gawde Abhisarika Shaw Prakhar Gupta

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    Prakhar Gupta
    This document provides an overview and analysis of a country's economy in 2020. It summarizes that the country has the 8th largest economy in the world, with GDP of $1,893.01 billion in 2020 and sectors including agriculture, industry, and services. It experienced a real GDP decline of 9.1% in 2020 with high unemployment and government debt. The document then provides recommendations across various policy areas, such as monetary policy, fiscal policy, labor reforms, trade, and exchange rate management to address economic challenges.

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    Country 2020: Vikrant Singh Prashik Gawde Abhisarika Shaw Prakhar Gupta

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    Prakhar Gupta
    12 views10 pages
    This document provides an overview and analysis of a country's economy in 2020. It summarizes that the country has the 8th largest economy in the world, with GDP of $1,893.01 billion in 2020 and sectors including agriculture, industry, and services. It experienced a real GDP decline of 9.1% in 2020 with high unemployment and government debt. The document then provides recommendations across various policy areas, such as monetary policy, fiscal policy, labor reforms, trade, and exchange rate management to address economic challenges.

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    COUNTRY REPORT 2020

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    This document provides an overview and analysis of a country's economy in 2020. It summarizes that the country has the 8th largest economy in the world, with GDP of $1,893.01 billion in 2020 and sectors including agriculture, industry, and services. It experienced a real GDP decline of 9.1% in 2020 with high unemployment and government debt. The document then provides recommendations across various policy areas, such as monetary policy, fiscal policy, labor reforms, trade, and exchange rate management to address economic challenges.

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    12 views10 pages

    Country 2020: Vikrant Singh Prashik Gawde Abhisarika Shaw Prakhar Gupta

    Uploaded by

    Prakhar Gupta
    This document provides an overview and analysis of a country's economy in 2020. It summarizes that the country has the 8th largest economy in the world, with GDP of $1,893.01 billion in 2020 and sectors including agriculture, industry, and services. It experienced a real GDP decline of 9.1% in 2020 with high unemployment and government debt. The document then provides recommendations across various policy areas, such as monetary policy, fiscal policy, labor reforms, trade, and exchange rate management to address economic challenges.

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    of 10

    COUNTRY

    REPORT
    2020
    VIKRANT SINGH
    PRASHIK GAWDE
    ABHISARIKA SHAW
    PRAKHAR GUPTA
    OVERVIEW OF CURRENT
    ECONOMY GDP STRUCTURE
    8th LARGEST ECONOMY IN AGRICULTURE-9.2%
    WORLD INDUSTRY-19.8%
    SERVICES-71.0%

    MAIN EXPORTS
    >AIRCRAFT
    COUNTRY HAS TRADE
    >AUTOMOBILES
    SURPLUS
    >IRON ORE/STEEL
    >COFFEE/SOY

    PIONEERING RESEARCH OF
    OIL IN DEEP WATERS
    WITH 73% OF RESERVES
    EXTRACTED
    Main 2019 2020
    Indicators
    GDP(IN BILLION USD) 1847.02 1893.01
    REAL GDP 1.1 -9.1
    GOVERNMENT -6.3 -6.0
    BUDGET
    BALANCE(%GDP)
    GOVERNMENT GROSS 91.568 93.898
    DEBT(%GDP)
    CURRENT -22.32 -19.64
    ACCOUNT(IN BILLION
    USD)
    CURRENT -2.7 -1.8
    ACCOUNT(%GDP)
    UNEMPLOYMENT 11.9 14.7
    RATE
    (% OF LABOUR
    FORCE)
    INFLATION RATE(%) 3.7 3.6
    GDP PER CAPITA(USD) 8,797 8,956
    MONETARY POLICY
    RECOMENDATIONS
    CUT DOWN
    BANK
    RATE

    INCREASE
    MARGIN MORAL
    REQUIREME PURSUASSION
    NT

    REDUCE
    CASH
    RESERVE
    RATIO
    FISCAL POLICY RECOMENDATION

    CENTRAL BANK TO
    PURCHASE BONDS FROM
    SECONDARY MARKETS

    RELAXING FISCAL DEFICIT


    TARGET

    RELAXATION IN TAX
    COLLECTION IN LOWER
    SLABS
    LABOUR MARKET REFORMS RECOMENDATION
    INCREASE SOCIAL PROGRAMS TO
    GENERATE EMPLOYMENT AND
    INCOME

    IMPROVING LIVING CONDITIONS


    OF LABOURERS AND CHANGING
    THEIR SETTLEMENTS

    ENSURING SOCIAL
    PROTECTIONISM TO INFORMAL
    SECTOR
    IMMIGRATION POLICY RECOMENDATION

    PROTECTING RIGHTS OF
    UNDOCUMENTED MIGRANTS

    FEDRAL GOVERNMENTS AID TO


    BE EXTENDED TO LIMBO AND
    ASYLUM SEEKERS

    ENSURING EQUALITY OF
    MINIMUM LABOUR WAGES
    AMONG RESIDENTS AND
    MIGRANTS
    TRADE POLICY RECOMENDATION
    CENTRAL BANK TO
    PURCHASE BONDS FROM
    SECONDARY MARKETS

    RELAXING FISCAL DEFICIT


    TARGET

    RELAXATION IN TAX
    COLLECTION IN LOWER
    SLABS
    EXCHANGE RATE MANGEMENT
    RECOMENDATION
    FOREIGN EXCHANGE
    SWAP AGREEMENT

    CURRENCY
    REPURCHASE
    AGREEMENT

    SPOT SALE
    AGREEMENTS
    THANK YOU

    BIBLOGRAPHY
    Source: IMF – World Economic Outlook Database -
    Source: WTO – World Trade Organization ; World Bank 
    Source: Trading Economies

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