Waht is the statious of indian economy in the world?
Answer:
hmmm... i will leave it up to u ..
there are some feature of indian economy
1.ranked 12 th in GDP as 700 billion dollors every year
2. if we consider GDP by PPP (which is more appropiate) indian is ranked 4rth with almost 3.5 trillion dollors in year 2006
3. increasing by 8% every year ( where as japan is .2% and USA is 1.2%) .. so going to be 3rd in after year 2006 after crossing japan
4. india regard as most youthful country as most of population is young
man where these data tend to .this will tell india as " an emerging superpower "
yet there are some hurdles to cross like unemployment ,illitrecy,and most impotanly curruption ..but we will cross these ..
...koyi nahi ...kal humaara hai .india sone ki chidiya thee aur rahegi bhi ..
It is in a state of robus of health, competing in a neck to neck race with China. Consider the following factors, to determine the economic growth the nation:
Sensex gains, but midcaps and smallcaps post declines
The uptrend continues; BSE Sensex ends up 0.9%
CV sales growth at 21.8% in October 2006
Markets post gains; BSE Sensex up 1.1%
Area sown under wheat up by 69%
Markets down; BSE Sensex lower by 0.6%
Sensex up 0.4%, but midcaps outperform
82.4 lakh tonnes rice procured till 2 November 2006
Inflation rises to 5.41%
Area sown under Kharif oilseeds down by 4.5%
Area coverage under Rabi pulses (2006-07) goes down by around 32%
Reservoir storage up by 4.6%
24 lakh tonnes wheat received as on 30 October 2006
NAFED picks up 48,000 metric tonnes pulses
India's GFD at Rs.86,461 crore during April--September 2006
Colgate Palmolive net down 25%
HLL net up 60%
Dabur India net up 32%
United Phosphorus sales up 25.6%
MSP for barley, gram and lentils approved for Rabi season
The economy of India is the fourth largest in the world as measured by purchasing power parity (PPP), with a GDP of US $3.63 trillion. When measured in USD exchange-rate terms, it is the twelfth largest in the world, with a GDP of $785.47 billion or Rs 35,34,615 crore in 2005, as calculated by the World Bank.[21] India is the second fastest growing major economy in the world, with a GDP growth rate of 9.3%, and annual Industrial production change of 12.4%, as of the first quarter of 2006. Wealth distribution in India, a developing country, is fairly uneven, with the top 10% of income groups earning 33% of all income.[22] India's per capita income (PCI) of US$ 3,400 [23] is ranked 122nd in the world. It is calculated by the IMF that by 2007, the Indian economy will be ranked 3rd measured by PPP, See : List of countries by GDP estimates for 2007 (PPP)
For most of its democratic history, India adhered to a quasi-socialist approach, with strict government control over private sector participation, foreign trade, and foreign direct investment. Starting from 1991, India has gradually opened up its markets through economic reforms by reducing government controls on foreign trade and investment. Privatisation of public-owned industries and some sectors to private and foreign players has continued amid political debate.
India has a labour force of 496.4 million of which 60% is employed in agriculture or agriculture-related industries which contributes to only about 22% of the GDP, 17% in mainstream industry and 23% in service industries. India's agricultural produce includes rice, wheat, oilseed, cotton, jute, tea, sugarcane, potatoes. Major industries include textiles, chemicals, food processing, steel, transportation equipment, cement, mining, petroleum and machinery.[23]
India's large English speaking middle-class has contributed to the country's growth in Business Process Outsourcing (BPO). It is becoming a major base for US tech companies for future targeted research & development, including the likes of Google, IBM, and Microsoft. All this has helped the services sector to increase its share of the economy to approximately 50%.
India is also a major exporter of financial, research and technology services. India's most important trading partners are the United States, China, UK, Singapore, Hong Kong, the United Arab Emirates, Switzerland and Belgium.[23]
Due to its rapidly developing economy, India has achieved numerous improvements in it's transport infrastructure, such as the Kolkata Metro, Asia's fifth rapid transport system which was constructed by innovative engineering techniques uniquely applicable to the topography of the region[24], as well as the Delhi Mass Rapid Transit System, the Mumbai-Pune Expressway, the first six lane controlled expressway in South Asia, and similar projects under construction in Mumbai,Bangalore, and Hyderabad.
12th as per GDP US$, 4th as per PPP US$
http://www.economywatch.com/
http://www.ibef.org/economy/overview.asp...
Wikipedia
The answers post by the user, for information only, FunQA.com does not guarantee the right.
More Questions and Answers:
More Questions and Answers: