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Old May 3rd, 2016, 02:53 PM
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Default Growth And Development Of Indian Economy

Hi buddy I am study of M.com EAFM and I got project on Growth and development of Indian economy, so here I have come to collect related data , will you plz tell me about the same ??
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  #2  
Old May 3rd, 2016, 02:53 PM
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Join Date: Mar 2012
Default Re: Growth And Development Of Indian Economy

As you asking I am telling economic development in India followed socialist-inspired policies for most of its independent history, including state-ownership of many sectors India's per capita income increased at only around 1% annualised rate in the three decades after its independence:

India’s GDP growth rate
This chart shows the Indian real GDP yoy growth rate (quarterly data)

Since the economic liberalisation of 1991, India's GDP has been growing at a higher rate.
Year Growth (real) (%)
2000 5.6
2001 6.0
2002 4.3
2003 8.3
2004 6.2
2005 8.4
2006 9.2
2007 9.0
2008 7.4
2009 7.4
2010 7.1
2011 6.8
2012 6.5
2013 5.1
2014 6.9
2015(estimates) 7.3

Summary for Economy of India
Currency
Indian rupee (INR) = 100 Paise
1 USD = 66.34 (12 April 2016)
0.6079 monthly change
4.09 yearly change
Fiscal year 1 April – 31 March
Trade organizations WTO, SAFTA, BRICS, G-20 and others
Statistics
GDP $2.40 trillion (162 lakh crore)
(Nominal, Est. 2016)[3]
$8.80 trillion (594 lakh crore)
(PPP, Est. 2016)
GDP rank 7th (Nominal) / 3rd (PPP)
GDP growth 7.5% (FY 2015-16 est.)
GDP per capita $1,820 (1.23 lakh)
(Nominal: 139th; October 2015)
$6,664 (4.52 lakh)
(PPP: 118st; 2015)
GDP by sector Agriculture: 17%
Industry: 26%
Services: 57% (2013-14)
Inflation (CPI) CPI: 5.41%
WPI:-1.99% (November 2015)
Base borrowing rate 6.5% (as of 4 April, 2016 )
Population below poverty line 12.3% of population below poverty line of $1.25/day (2011-12, World Bank)
Gini coefficient 33.9 (2009)
Labour force 502.3 million (2014 est.)
Labour force by occupation Agriculture: 49%
Industry: 20%
Services: 31% (2012 est.)
Unemployment 3% Urban
2% Rural
Total=10.8 million
(2013, NSSO method)
Average gross salary
$1.46 per hour ($3,036.8 yearly in 2010);
GNI per capita: $1,631 yearly per person (2014);
Average household income:
$6,671 yearly (2010)
Main industries software, petroleum products, chemicals, pharmaceuticals, agriculture, textiles, steel, transportation equipment, machinery, leather, cement, mining, construction
Ease-of-doing-business rank 130 (2016)
( 12 YoY)
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