Sunday, 15 October 2017

INDIAN ECONOMY:

INDIAN ECONOMY:

India fastest growing country, India has one of the fastest growing service sectors in the world wide. Annual growth rate in 9% which contribute 57% in GDP. Industry contribution 26% of GDP, India rank second worldwide in farm output, agriculture contribution 17% of GDP.
1. GDP: $2.454trillion (7th rank)(Gross domestic product)


GDP: PERSONAL CONSUMPTION+GROSS INVESMENT+GOVERNMENT        CONSUMPTION+EXPORT-IMPORT


2. GDP PPP: $9,489trillion (3rd rank)(Purchasing Power Parity)

3. GDP Per Capita: $1, 1850 (141th rank)

GDP REAL PER CAPITA =GDP/POPULATION

4. GDP PPP: $7,153

5. GDP Growth: 7.2 %( 2017)

6. Inflation (CPI): 1.54%

7. Human development index: medium

8. Labor force: more than 50 core people

9. Average net salary per annum: Rs 86000/-

10. Exports: 271,600(17th rank)

11. Imports: 4024000(10th rank)

12. Electricity consumption: 87 watts per person

13. No of mobile user: 92core (2nd rank)

14. Internet user: 36 core (2nd rank)

15. Easy doing business: 130 rank

16. Main industries:          
v Software,
v Mining,
v Chemical,
v Cement,
v Miming,
v Steel,
v Telecommunication,
v Textiles.

17. Main export countries: EU, USA, UAE, Hong Kong

18. Main import countries: PRC, EU, USA, UAE

19. Foreign exchange reserves: 398,700(millions of $us)

20. Military expenditures:  55 $bn

21. Trade organizations: WTO, G-20

22. No of billionaires: 98 people

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