economic of india 1
TRANSCRIPT
Current economic position of India Nominal GDP - 10th position
purchasing power parity- 3rd position
GDP growth - 4.9%
As per defense - 3rd position
Per capital income-$3,829(ppp)
19th -largest exporte
--- Still We Failed!
--- Why?
Domestic savings rate
Investment rate
Down 85 points on the BSE Sensex to close at 17,622(2010-11).
the slowdown in the domestic industrial sector
Other things
What is main reason to decrease in GDP rate from 2011 to 2013?
YearRupee Per Unit of $ (average annual)
1975 8.4058
1980 7.8800
1985 12.3640
1990 17.4992
1995 32.4198
2000 44.9401
2005 44.1000
2010 45.7393
2014 61.94
The Balance Of Payment(BOP) is the place where countries record their monetary transaction with the rest of the world
In the Current account, goods, services, income and current transfer are recorded
In the capital account, physical assets such as building or factory are recorded
Fiscal polices
Monetary polices
Balance of payment
What are the major steps taken by RBI & Ministries of finance to increase the GDP?
Other Measure Adopted By RBI RBI increases restriction on gold import by cancelling
margin funding to import gold. The government increased
import duty on gold import to 10% from 15%
The government is allow 51% Foreign Direct
Investment(FDI) in multi brand retail
RBI is considering increasing its import of crude oil from
Iran, and pay for it directly in Indian rupees.
RBI will conduct sale of government of Indian securities
to suck up Rs 12000 crore
Conclusion or highlights of economic survey Main import partners- China 10.7%
United Arab Emirates 7.8%Saudi Arabia 6.8%Switzerland 6.2%United States 5.1%
Import goods - crude oil, raw precious stones,
machinery, fertilizer, coal, steel,
chemicals