Indian gdp by abhilash 3rd yr
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Abhilash(146H1A2402)Amit kumar(146H1A0302)
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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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NRI INSTITUE OF TECHNOLOGY
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02 August 2008 10General: AV
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CONCLUSION
NRI INSTITUE OF TECHNOLOGY .
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THANK YOU :)
Harish MBA(MEFA)FACULITIESMY FELLOW NRI-TIANS
Nri institute of technology -402-302
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