?The economy of India is the eleventh largest economy in the world by nominal GDP and the fourth largest by purchasing power parity (PPP). ?Following strong economic reforms from the socialist inspired economy of a post-independence Indian nation, the country began to develop a fast-paced economic growth, as free market principles were initiated in 1990 for international competition and foreign investment. ?India is an emerging economic power with a very large pool of human and natural resources, and a growing large pool of skilled professionals. ?Economists predict that by 2020, India will be among the leading economies of the world.
?India was under social democratic-based policies from 1947 to 1991. The economy was characterised by extensive regulation,protectionism, public ownership, pervasive corruption and slow growth.
?Since 1991, continuing economic liberalisationhas moved the country toward a market-based economy. ? A revival of economic reforms and better economic policy in 2000s accelerated India's economic growth rate. In recent years, Indian cities have continued to liberalize business regulations. ?By 2008, India had established itself as the world's second-fastest growing major economy. ? However, the year 2009 saw a significant slowdown in India's GDP growth rate to 6.8% as well as the return of a large projected fiscal deficit of 6.8% of GDP which would be among the highest in
the world.
?India's large service industry accounts for 55% of the country's Gross Domestic Product (GDP) while the industrial and agricultural sector contribute 28% and 17% respectively. ? Agriculture is the predominant occupation in India, accounting for about 52% of employment.
?The service sector makes up a further 34%, and industrial sector around 14%.[22] The labor force totals half a billion workers.
?Major agricultural products include rice, wheat, oilseed, cotton, jute, tea, sugarcan e, potatoes, cattle, water buffalo, sheep,goats, poultry and fish. ? Major industries include telecommunications, textiles, chemicals, food processing, steel, transportation equipment, cement, mining, petroleum, machinery, information technology enabled services and pharmaceuticals.
?The industrial sector is one of the main sectors that contribute to the Indian GDP.
? The country ranks fourteenth in the factory output in the world.
? The industrial sector is made up of manufacturing, mining and quarrying, and electricity, water supply, and gas sectors. ?The industrial sector accounts for around 27.6% of the India GDP and it employs over 17% of the total workforce in the country. ?The Growth Rate of the Industrial Sector in India GDP came to around 5.2% in 2002- 2003. ?In this year, within the India GDP, the mining and quarrying sector contributed 4.4%, the electricity, water supply, and gas sector contributed 2.8%, and the manufacturing sector contributed around 5.7%.
?The Growth Rate of the Industry Sector in India GDP came to around 6.6% in 2003- 2004 and in this year, the electricity, water supply, and gas sector contributed 4.8%, the mining and quarrying sector contributed 5.3%, and the manufacturing sector contributed 7.1% in India GDP. ?Industry Growth Rate in India GDP came to 7.4% in 20042005, with the manufacturing sector contributing 8.1%, the mining and quarrying sector contributing 5.8%, and the water supply, electricity, and gas sector contributing 4.3% in India GDP.
?Industry Growth Rate in India GDP came to 7.6% in 2005- 2006. In this year, the mining and quarrying sector contributed 0.9%, the manufacturing sector contributed 9.0%, and the water supply, gas, and electricity sector contributed 4.3%.
?The Growth Rate of the Industrial Sector finally came to 9.8% in 2006- 2007.
?This shows that Industry Growth Rate in India GDP has been on the rise over the last few years.
?The reasons for the increase of Industry Growth Rate in India GDP are that huge amounts of investments are being made in this sector and this has helped the industries to grow. ?Further the reasons for the rise of the Growth Rate of the Industrial Sector in India are that the consumption of the industrial goods has increased a great deal in the country, which in its turn has boosted the industrial sector. ?Also the reasons for the increase of Industry Growth Rate in India GDP are that the industrial goods are being exported in huge quantities from the country.
Industry Growth Rate in India GDP thus has been registering steady growth over the past few years. This has given a major boost to the Indian economy. The government of India thus must continue to make efforts to boost the industrial sector in the country. For this will in turn help to grow the country's economy.
doc_404090574.ppt
?India was under social democratic-based policies from 1947 to 1991. The economy was characterised by extensive regulation,protectionism, public ownership, pervasive corruption and slow growth.
?Since 1991, continuing economic liberalisationhas moved the country toward a market-based economy. ? A revival of economic reforms and better economic policy in 2000s accelerated India's economic growth rate. In recent years, Indian cities have continued to liberalize business regulations. ?By 2008, India had established itself as the world's second-fastest growing major economy. ? However, the year 2009 saw a significant slowdown in India's GDP growth rate to 6.8% as well as the return of a large projected fiscal deficit of 6.8% of GDP which would be among the highest in
the world.
?India's large service industry accounts for 55% of the country's Gross Domestic Product (GDP) while the industrial and agricultural sector contribute 28% and 17% respectively. ? Agriculture is the predominant occupation in India, accounting for about 52% of employment.
?The service sector makes up a further 34%, and industrial sector around 14%.[22] The labor force totals half a billion workers.
?Major agricultural products include rice, wheat, oilseed, cotton, jute, tea, sugarcan e, potatoes, cattle, water buffalo, sheep,goats, poultry and fish. ? Major industries include telecommunications, textiles, chemicals, food processing, steel, transportation equipment, cement, mining, petroleum, machinery, information technology enabled services and pharmaceuticals.
?The industrial sector is one of the main sectors that contribute to the Indian GDP.
? The country ranks fourteenth in the factory output in the world.
? The industrial sector is made up of manufacturing, mining and quarrying, and electricity, water supply, and gas sectors. ?The industrial sector accounts for around 27.6% of the India GDP and it employs over 17% of the total workforce in the country. ?The Growth Rate of the Industrial Sector in India GDP came to around 5.2% in 2002- 2003. ?In this year, within the India GDP, the mining and quarrying sector contributed 4.4%, the electricity, water supply, and gas sector contributed 2.8%, and the manufacturing sector contributed around 5.7%.
?The Growth Rate of the Industry Sector in India GDP came to around 6.6% in 2003- 2004 and in this year, the electricity, water supply, and gas sector contributed 4.8%, the mining and quarrying sector contributed 5.3%, and the manufacturing sector contributed 7.1% in India GDP. ?Industry Growth Rate in India GDP came to 7.4% in 20042005, with the manufacturing sector contributing 8.1%, the mining and quarrying sector contributing 5.8%, and the water supply, electricity, and gas sector contributing 4.3% in India GDP.
?Industry Growth Rate in India GDP came to 7.6% in 2005- 2006. In this year, the mining and quarrying sector contributed 0.9%, the manufacturing sector contributed 9.0%, and the water supply, gas, and electricity sector contributed 4.3%.
?The Growth Rate of the Industrial Sector finally came to 9.8% in 2006- 2007.
?This shows that Industry Growth Rate in India GDP has been on the rise over the last few years.
?The reasons for the increase of Industry Growth Rate in India GDP are that huge amounts of investments are being made in this sector and this has helped the industries to grow. ?Further the reasons for the rise of the Growth Rate of the Industrial Sector in India are that the consumption of the industrial goods has increased a great deal in the country, which in its turn has boosted the industrial sector. ?Also the reasons for the increase of Industry Growth Rate in India GDP are that the industrial goods are being exported in huge quantities from the country.
Industry Growth Rate in India GDP thus has been registering steady growth over the past few years. This has given a major boost to the Indian economy. The government of India thus must continue to make efforts to boost the industrial sector in the country. For this will in turn help to grow the country's economy.
doc_404090574.ppt