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Abhilash(146H1A2402)Amit kumar(146H1A0302)
INTRODUCTION• India’s economy is the 7th largest economy in the world in terms of market
exchange rates.Since liberation of economy in 1991,the economy has towards market based system from a regulated and protected one.Now our India is the fastest growing economy in the world beating The Republic of China in 2014.Indian economy GDP rate is 7.4 as per 2014.
• In 2007,Indian economy GDP has crossed over a trillon dollars which has made it one of the twelve trillon doller economic countries in the world.
GDP COMPOSITION BY SECTORS-
Services -57.9%; Agriculture -17.9% Industry -24.2%
the above is as per 2014.
NRI INSTITUTE OF TECHNOLOGY
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.NRI INSTITUE OF TECHNOLOGY
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Methods for calculating GDPThese 3 ways are generally preffered
production approachIncome approachExpenditure approach
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Production approach
• GDP=OP-IC+TP-SP.• OP - Output;• IC - Intermediate consumption;• TP- Taxes on products;• SP- Subsidies on products.
.NRI INSTITUTE OF TECHNOLOGY
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Income approach
GDP=R+I+P+SA+WR –Rents;I-Interests;P-profits;S-statestical adjectives;W-wages.
.NRI INSTITUTE OF TECHNOLOGY
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Expenditure approach
GDP=C+I+GE+(X-M)C - Consumption; I - investment;GE - government expenditure;X - Exports;M - Imports.
.NRI INSTITUTE OF TECHNOLOGY
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.NRI INSTITUTE OF TECHNOLOGY
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02 August 2008 10General: AV
CONCLUSION
NRI INSTITUE OF TECHNOLOGY .
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THANK YOU :)
Harish MBA(MEFA)FACULITIESMY FELLOW NRI-TIANS
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