the socio-economic condition of india
TRANSCRIPT
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THE SOCIO ECONOMIC
CONDITION OF INDIAMACROECONOMICS
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CONTENTS:
THE GDP GROWTH RATE OF INDIA
THE INFLATION RATE OF INDIA
THE EXCHANGE RATE OF INDIA BETWEEN 10 OTHER COUNTRIES FROM LAST 10 YEARS
MAJOR PROBLEMS AND SUCCESS FACTOR OF INDIA
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INTRODUCTION
GDP: $2.25 TRILLION (NOMINAL; 2016), $8.72 TRILLION (PPP; 2016) GDP RANK: 7TH (NOMINAL) / 3RD (PPP) SEVENTH-LARGEST COUNTRY BY AREA, THE SECOND-MOST
POPULOUS COUNTRY (WITH OVER 1.2 BILLION PEOPLE) EXPORTS: $272.4 BILLION (2015 EST.) IMPORTS: $409.2 BILLION (2015 EST.) FOREIGN RESERVE: $367.04 BILLION (8TH)
(AS ON 18 NOVEMBER 2016)
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THE GDP GROWTH RATE OF INDIA
WHAT IS GDP ?GROSS DOMESTIC PRODUCT (GDP) IS THE MONETARY VALUE OF ALL THE FINISHED GOODS AND SERVICES PRODUCED WITHIN A COUNTRY'S BORDERS IN A SPECIFIC TIME PERIOD.
GDP IS A BROAD MEASUREMENT OF A NATION’S OVERALL ECONOMIC ACTIVITY.
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GDP SHOWS IN LINE DIAGRAM
2006 2007 2008 2009 2010 2011 2012 2013 2014 20150
2
4
6
8
10
12
9.264 8.608
3.891
8.48
10.26
6.6385.619
6.639 7.243 7.57
GDP Growth Rate
Year
Gro
wth
Rat
e(%
)
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WHAT IS INFLATION ?• INFLATION IS A SUSTAINED INCREASE IN THE GENERAL
LEVEL OF PRICES FOR GOODS AND SERVICES.• IT IS MEASURED AS AN ANNUAL PERCENTAGE INCREASE.• AS INFLATION RISES, EVERY DOLLAR YOU OWN BUYS A
SMALLER PERCENTAGE OF A GOOD OR SERVICE. • THE VALUE OF A DOLLAR DOES NOT STAY CONSTANT WHEN
THERE IS INFLATION.
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The inflation rate of India:
Year 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Inflation
Rate(%)
6.423 6.918 8.665 6.064 8.984 5.243 7.852 6.227 3.3 0.995
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INFLATION SHOWS IN LINE DIAGRAM:
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THE EXCHANGE RATE BETWEEN INDIAN CURRENCY AND OTHER 10 COUNTRIES CURRENCY FROM 2006-2015:
Year &
Country
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
US dollars 45.31 41.38 43.50 48.42 45.72 46.67 53.44 58.60 61.03 64.15
Euro 56.85 56.68 64.14 67.36 60.58 64.65 68.59 77.83 81.06 71.15
British
Pound
83.91 82.94 80.62 75.64 70.57 74.52 84.67 91.65 100.49 98.02
Swiss
(Franc)
36.12 34.54 40.43 44.62 43.86 52.54 56.92 63.20 66.73 66.71
BD
Taka(Cent)
59 61 69 65 62 64 73 77 80 84
Hong Kong
(Dollar)
5.82 5.32 5.62 6.24 5.88 5.97 6.89 7.54 7.87 8.27
UAE
(Dirham)
12.32 11.30 11.92 13.12 12.43 12.64 14.54 15.93 16.61 17.46
Japanese
Yen(cent)
(Cent)
39 35 43 52 52 58 67 60 58 53
Australian
(Dollar)
34.09 34.62 37.01 38.22 41.96 47.95 55.36 56.45 55.05 48.18
Chinese
(Renminbi)
5.45 6.12 7.10 6.74 7.11 8.43 9.31 9.89 10.26 10.14
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MAJOR ECONOMICS PROBLEMS:INFLATION
POOR EDUCATIONAL STANDARDSPOOR INFRASTRUCTURE
BALANCE OF PAYMENTS DETERIORATION.HIGH LEVELS OF PRIVATE DEBT
INEQUALITY HAS RISEN RATHER THAN DECREASED.
LARGE BUDGET DEFICITRIGID LABOR LAWS
INEFFICIENT AGRICULTURE
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ANNUAL GROWTH OF GDP
• ECONOMIC GROWTH SURGED TO NEAR DOUBLE-DIGIT LEVELS.
• THE GROWTH HAS SLOWED TO SUB-5 PERCENT LEVELS IN THE LAST TWO FINANCIAL YEARS.
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FOOD GRAIN PRODUCTION
• A RECORD 264 MILLION TONS IN THE FISCAL YEAR 2014.
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ROADS
• COUNTRY HAS PROGRESSED SIGNIFICANTLY IN BUILDING ROADS.• THE COUNTRY NEEDS A WIDER ROAD NETWORK.
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IMPORT/EXPORT
• CURRENT ACCOUNT DEFICIT WIDENED TO A RECORD 4.8 PERCENT OF THE GDP IN THE FISCAL YEAR 2013.
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INDIA'S EXTERNAL DEBT
• COUNTRY'S EXTERNAL DEBT HAS SURGED TO $440 BILLION.• TOTAL GOVERNMENT DEBT STOOD AT $82
BILLION.• NON-GOVERNMENT DEBT AT $359 BILLION.
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