Description
contains the graphical representaion of growth of Indian GDP. and its year wise comparison .
Submitted by:-
Satyajeet Kashyap (A012)
Vaibhav Vaidya (A023)
I ntroduction
? National Income is the money value of all the final
goods and services produced by a country during a
period of one year.
? National income consist of a collection of different
goods and services of different types.
? National income accounting is a set of rules and
definitions for measuring economic activity in the
aggregate economy i.e. in the economy as a whole.
Definition:- GDP
? Gross domestic product (GDP) is a measure of the
income and expenditures of an economy.
? It is the total market value of all final goods and
services produced within a country in a given period
of time.
Definition:-GNP
? Gross national product (GNP) is the total income
earned by a nation’s permanent residents (called
nationals).
? It differs from GDP by including income that our
citizens earn abroad and excluding income that
foreigners earn here.
Overview of Indian Economy
? The economy of India is the tenth-largest in the
world by nominal GDP and the third-largest
by purchasing power parity (PPP).
? On a per-capita-income basis, India ranked 141st by
nominal GDP and 130th by GDP (PPP) in 2012,
according to the IMF.
? India is the 19th-largest exporter and the 10th-
largest importer in the world.
GDP of India
Top 10 Countries by GDP
? United States:- $14.66 trillion
? China - $8.3 trillion
? Japan - $5.9 trillion
? Germany - $3.4 trillion
? France - $2.6 trillion
? UK - $2.4 trillion
? Brazil - $2.2 trillion
? Russia - $2.029 trillion
? Italy - $2.013 trillion
? India - $1.82 trillion
GDP Growth Rate of India
Growth rate Comparison
GDP Per Capital
? GDP per capita is gross domestic product divided by
midyear population
? The value for GDP per capita in India was 89,340 as of
2012. As the graph below shows, over the past 51 years
this indicator reached a maximum value of 89,340 in
2012 and a minimum value of 400.64 in 1960.
? Estimated to increase to 2110$ (126600INR)
GDP of Indian States
Top 5 states in Annual GDP growth
GDP by PPP
? GDP PPP (purchasing power parity) is gross
domestic product converted to international
dollars using purchasing power parity rates.
? An international dollar has the same purchasing
power over GDP as a U.S. dollar has in the
United States.
? Purchasing power parities (PPPs) are the rates
of currency conversion that eliminate the
differences in price levels between countries.
Rank Country GDP (purchasing
power parity) (Billion $)
1. United States $ 15,2902
2. China $ 11,4403
3. India $ 4,5154
4. Japan $ 4,4975
5. Germany $ 3,1396
6. Russia $ 2,4147
7. Brazil $ 2,3248
8. United Kingdom $ 2,2909
9. France $ 2,246
10. Italy $ 1,871
GDP per Capital (ppp)
GNP is define as the sum of the gross
domestic product and net factor incomes
from abroad. Thus in order to estimate the
gross national product of India we have to
add net factor income from abroad-income
earned by non resident in India to form the
gross domestic product of India.
? Gross National Product in India increased to 99965.15 INR Billion in 2013 from 89328.92
INR Billion in 2012.
? Gross National Product in India is reported by the Ministry of Statistics and Programme
Implementation (MOSPI). Gross National Product in India averaged
? 13945.09 INR Billion from 1950 until 2013, reaching an all time high of 99965.15 INR
Billion in 2013 and a record low of 103.60 INR Billion in 1951.
Export & import analysis
India’s Import
performance
? (– .78%) during 2009-10. Along
with this positive growth in
imports, the exports also grew
? significantly (35.17%) during
2010-11 compared to insignificant
growth of 0.57% in 2009-10.
India’s Export performance
India’s merchandise exports stood at Rs.
1142922 crores in 2010-11 resulting in a
growth of 35.17% in 2010-11.
The corresponding growth of 0.57% in
2009-10 indicating that there was more
impact of global recess/slowdown on India’s
economy in the initial year.
Significance
• When a country exports goods, it sells them to a foreign market,
that is, to consumers, businesses, or governments in another
country. Those exports bring money into the country, which
increases the exporting nation's GDP.
• When a country imports goods, it buys them from foreign
producers. The money spent on imports leaves the economy, and
that decreases the importing nation's GDP.
• If net exports are positive, the nation has a positive balance of trade.
• If they are negative, the nation has a negative trade balance.
• Virtually every nation in the world wants its economy to be bigger
rather than smaller. That means that no nation wants a negative
trade balance.
GDP growth in various sectors
Industries
? Industry accounts for 26% of GDP and employs 22% of the
total workforce.
? India is 11th in the world in term of nominal factory output
according to data compiled through CIA World Fact book
figures.
? The Indian industrial sector underwent significant changes
as a result of the economic liberalisation in India economic
reforms of 1991
Services
? Information technology and business process outsourcing
are among the fastest growing sectors, having a cumulative
growth rate of revenue 33.6% between 2008 and 2010 and
contributing to 25% of the country's total exports in 2011–12
? The share of the Indian IT industry in the country's GDP
increased from 4.8% in 2005–06 to 7% in 2010
Agriculture
? India ranks second worldwide in farm output. Agriculture and
allied sectors like forestry, logging and fishing accounted for
17% of the GDP in 2012, employed 51% of the total workforce,
and despite a steady decline of its share in the GDP, is still the
largest economic sector and a significant piece of the overall
socio-economic development
? India ranks second worldwide in farm output. Agriculture and
allied sectors like forestry, logging and fishing accounted for
17% of the GDP in 2012, employed 51% of the total workforce,
and despite a steady decline of its share in the GDP, is still the
largest economic sector and a significant piece of the overall
socio-economic development of India.t of India.
Post liberalization period
India initiated the economic liberalisation of 1991
? reduced tariffs and interest rates and ended many public monopolies, allowing
automatic approval of foreign direct investment in many sectors.
? No government has tried to take on powerful lobbies such as trade unions and farmers,
on contentious issues such as reforming labour laws and reducing agricultural subsidies.
? By the turn of the 21st century, India had progressed towards a free-market economy,
with a substantial reduction in state control of the economy and increased financial
liberalisation
? India enjoyed high growth rates for a period from 2003 to 2007 with growth averaging
9% during this period. Growth then moderated due to the global financial crisis starting
in 2008.
? A research predicted that India's GDP in current prices would overtake France and Italy
by 2020, Germany, UK and Russia by 2025 and Japan by 2035, making it the third largest
economy of the world, behind the US and China.
? Starting in 2012, India entered a period of more anaemic growth, with growth slowing
down to 4.4% due to many foreign countries investing in India facing financial crisis
Challenges before Indian economy
? Population explosion:
? The rising population is eating into the success of India.
? According to 2011 census of India, the population of India has crossed one billion and is
growing at a rate of 2.11% approx. Such a vast population puts lots of stress on economic
infrastructure of the nation
? Poverty
? As per records of National Planning Commission, 36 crore people are living below the
poverty line in India in 2012.
? Unemployment:
? The increasing population is pressing hard on job opportunities. Indian government has
started various schemes such as Jawahar Rozgar Yojna, and Self Employment Scheme for
Educated Unemployed Youth (SEUY) & mahatma Gandhi National Rural Employment
Guarantee Act (MNREGA).But these are proving to be failures
? Rural Urban Divide:
? It is said that India lies in villages, even today when there is lots of talk going about
migration to cities, 70% of the Indian population still lives in villages.
? There is a very stark difference in pace of rural and urban growth
Conclusion
? While education has increased in India, unequal literacy rates
continue to exist and account for the lower GDP of India trade
liberalization has both the positive and negative effect on the
Indian economy.
? Both the trade direction and composition has changed in favour
of developing economy.
? Net factor income has been worsened by liberalization and trade
policy.
? Overall India's experience of liberalisation agriculture,
manufacturing and finance shows that liberalisation has been
gradual, voluntary and tailored according to the needs of the
economy.
doc_519225225.pptx
contains the graphical representaion of growth of Indian GDP. and its year wise comparison .
Submitted by:-
Satyajeet Kashyap (A012)
Vaibhav Vaidya (A023)
I ntroduction
? National Income is the money value of all the final
goods and services produced by a country during a
period of one year.
? National income consist of a collection of different
goods and services of different types.
? National income accounting is a set of rules and
definitions for measuring economic activity in the
aggregate economy i.e. in the economy as a whole.
Definition:- GDP
? Gross domestic product (GDP) is a measure of the
income and expenditures of an economy.
? It is the total market value of all final goods and
services produced within a country in a given period
of time.
Definition:-GNP
? Gross national product (GNP) is the total income
earned by a nation’s permanent residents (called
nationals).
? It differs from GDP by including income that our
citizens earn abroad and excluding income that
foreigners earn here.
Overview of Indian Economy
? The economy of India is the tenth-largest in the
world by nominal GDP and the third-largest
by purchasing power parity (PPP).
? On a per-capita-income basis, India ranked 141st by
nominal GDP and 130th by GDP (PPP) in 2012,
according to the IMF.
? India is the 19th-largest exporter and the 10th-
largest importer in the world.
GDP of India
Top 10 Countries by GDP
? United States:- $14.66 trillion
? China - $8.3 trillion
? Japan - $5.9 trillion
? Germany - $3.4 trillion
? France - $2.6 trillion
? UK - $2.4 trillion
? Brazil - $2.2 trillion
? Russia - $2.029 trillion
? Italy - $2.013 trillion
? India - $1.82 trillion
GDP Growth Rate of India
Growth rate Comparison
GDP Per Capital
? GDP per capita is gross domestic product divided by
midyear population
? The value for GDP per capita in India was 89,340 as of
2012. As the graph below shows, over the past 51 years
this indicator reached a maximum value of 89,340 in
2012 and a minimum value of 400.64 in 1960.
? Estimated to increase to 2110$ (126600INR)
GDP of Indian States
Top 5 states in Annual GDP growth
GDP by PPP
? GDP PPP (purchasing power parity) is gross
domestic product converted to international
dollars using purchasing power parity rates.
? An international dollar has the same purchasing
power over GDP as a U.S. dollar has in the
United States.
? Purchasing power parities (PPPs) are the rates
of currency conversion that eliminate the
differences in price levels between countries.
Rank Country GDP (purchasing
power parity) (Billion $)
1. United States $ 15,2902
2. China $ 11,4403
3. India $ 4,5154
4. Japan $ 4,4975
5. Germany $ 3,1396
6. Russia $ 2,4147
7. Brazil $ 2,3248
8. United Kingdom $ 2,2909
9. France $ 2,246
10. Italy $ 1,871
GDP per Capital (ppp)
GNP is define as the sum of the gross
domestic product and net factor incomes
from abroad. Thus in order to estimate the
gross national product of India we have to
add net factor income from abroad-income
earned by non resident in India to form the
gross domestic product of India.
? Gross National Product in India increased to 99965.15 INR Billion in 2013 from 89328.92
INR Billion in 2012.
? Gross National Product in India is reported by the Ministry of Statistics and Programme
Implementation (MOSPI). Gross National Product in India averaged
? 13945.09 INR Billion from 1950 until 2013, reaching an all time high of 99965.15 INR
Billion in 2013 and a record low of 103.60 INR Billion in 1951.
Export & import analysis
India’s Import
performance
? (– .78%) during 2009-10. Along
with this positive growth in
imports, the exports also grew
? significantly (35.17%) during
2010-11 compared to insignificant
growth of 0.57% in 2009-10.
India’s Export performance
India’s merchandise exports stood at Rs.
1142922 crores in 2010-11 resulting in a
growth of 35.17% in 2010-11.
The corresponding growth of 0.57% in
2009-10 indicating that there was more
impact of global recess/slowdown on India’s
economy in the initial year.
Significance
• When a country exports goods, it sells them to a foreign market,
that is, to consumers, businesses, or governments in another
country. Those exports bring money into the country, which
increases the exporting nation's GDP.
• When a country imports goods, it buys them from foreign
producers. The money spent on imports leaves the economy, and
that decreases the importing nation's GDP.
• If net exports are positive, the nation has a positive balance of trade.
• If they are negative, the nation has a negative trade balance.
• Virtually every nation in the world wants its economy to be bigger
rather than smaller. That means that no nation wants a negative
trade balance.
GDP growth in various sectors
Industries
? Industry accounts for 26% of GDP and employs 22% of the
total workforce.
? India is 11th in the world in term of nominal factory output
according to data compiled through CIA World Fact book
figures.
? The Indian industrial sector underwent significant changes
as a result of the economic liberalisation in India economic
reforms of 1991
Services
? Information technology and business process outsourcing
are among the fastest growing sectors, having a cumulative
growth rate of revenue 33.6% between 2008 and 2010 and
contributing to 25% of the country's total exports in 2011–12
? The share of the Indian IT industry in the country's GDP
increased from 4.8% in 2005–06 to 7% in 2010
Agriculture
? India ranks second worldwide in farm output. Agriculture and
allied sectors like forestry, logging and fishing accounted for
17% of the GDP in 2012, employed 51% of the total workforce,
and despite a steady decline of its share in the GDP, is still the
largest economic sector and a significant piece of the overall
socio-economic development
? India ranks second worldwide in farm output. Agriculture and
allied sectors like forestry, logging and fishing accounted for
17% of the GDP in 2012, employed 51% of the total workforce,
and despite a steady decline of its share in the GDP, is still the
largest economic sector and a significant piece of the overall
socio-economic development of India.t of India.
Post liberalization period
India initiated the economic liberalisation of 1991
? reduced tariffs and interest rates and ended many public monopolies, allowing
automatic approval of foreign direct investment in many sectors.
? No government has tried to take on powerful lobbies such as trade unions and farmers,
on contentious issues such as reforming labour laws and reducing agricultural subsidies.
? By the turn of the 21st century, India had progressed towards a free-market economy,
with a substantial reduction in state control of the economy and increased financial
liberalisation
? India enjoyed high growth rates for a period from 2003 to 2007 with growth averaging
9% during this period. Growth then moderated due to the global financial crisis starting
in 2008.
? A research predicted that India's GDP in current prices would overtake France and Italy
by 2020, Germany, UK and Russia by 2025 and Japan by 2035, making it the third largest
economy of the world, behind the US and China.
? Starting in 2012, India entered a period of more anaemic growth, with growth slowing
down to 4.4% due to many foreign countries investing in India facing financial crisis
Challenges before Indian economy
? Population explosion:
? The rising population is eating into the success of India.
? According to 2011 census of India, the population of India has crossed one billion and is
growing at a rate of 2.11% approx. Such a vast population puts lots of stress on economic
infrastructure of the nation
? Poverty
? As per records of National Planning Commission, 36 crore people are living below the
poverty line in India in 2012.
? Unemployment:
? The increasing population is pressing hard on job opportunities. Indian government has
started various schemes such as Jawahar Rozgar Yojna, and Self Employment Scheme for
Educated Unemployed Youth (SEUY) & mahatma Gandhi National Rural Employment
Guarantee Act (MNREGA).But these are proving to be failures
? Rural Urban Divide:
? It is said that India lies in villages, even today when there is lots of talk going about
migration to cities, 70% of the Indian population still lives in villages.
? There is a very stark difference in pace of rural and urban growth
Conclusion
? While education has increased in India, unequal literacy rates
continue to exist and account for the lower GDP of India trade
liberalization has both the positive and negative effect on the
Indian economy.
? Both the trade direction and composition has changed in favour
of developing economy.
? Net factor income has been worsened by liberalization and trade
policy.
? Overall India's experience of liberalisation agriculture,
manufacturing and finance shows that liberalisation has been
gradual, voluntary and tailored according to the needs of the
economy.
doc_519225225.pptx