INDIA

Twain 20170005795
Maha 20150004216
Abdulrahman 20170005660
Adulamir 121200271
CONTENTS
 Facts About India
 Economy
 Gross domestic product
 Imports and exports
 Trade balance
 Inflation and measures to control inflation
 conclusion
Facts about India
ECONOMY
 During the of independence the economic status of
India was in complete distress.

 Agriculture and industries help India to overcome this

problem

 Indian economy is expected to grow at a rate of 6.7 per

cent in the year 2017-18
GDP of the Republic of India.
 The nominal GDP of India in 2016 was $2.26 trillion
American dollars. This value represent India is contributing
3.65 percent of the global economy. During 2016, India
surpassed China in terms of the GDP Growth.
 Real GDP or Gross Domestic Product (GDP) at constant
(2011-12) prices in the year 2016-17 is likely to attain a
level of 121.65 lakh crore INR, with growth rate of 7.1
percent over the GDP for the year 2015-16 of 113.58 lakh
crore INR. Nominal GDP or GDP at current prices in the
year 2016-17 is projected at Rs. 152.51 lakh crore
Why Indian GDP Growth is High?
-India has fastest growing service sectors, manufacturing units in
the world which is contributed 57% of the India’s GDP in the
year 2012-2013.

-India is also a major exporter of IT Services, BPO, and software

services with $154 billion revenue in the year 2017.

-The automobile industry is one of the largest in the world with

producing 24 million vehicles in 2013-2014
How GDP is calculated in India
 The GDP of India is calculated based on economic
activity and based on the market prices. There are
eight industry sectors to calculate the GDP of the
country. The sectors are
 Agriculture, forestry, and fishing;
 Mining and quarrying;
 Manufacturing;
 Electricity, gas and water supply;
 Construction;
 Trade, hotels, transport and communication;
 As per the articles in Forbes Magazine, India is the world’s
fourth fastest growing economy in the world thus far in 2017.
Regardless of the fall in the economy during the Q1, 2017, the
analysts are expected to have a sudden growth of the GDP
through the recent tax modifications in India called GST.

 Indian GDP Forecasting

 As per the economy forecasting, India’s GDP is going to be a
steady growing GDP in the future years. The below graph
shows India’s GDP from 2012 to 2022.
Imports
 purchases of good or services by a domestic economy
from a foreign economy.

 Imports from 140 countries

 Top Import partners:

China, KSA, Switzerland, USA, UAE, Indonesia, South
Korea, Germany, Iraq, Nigeria
 Mineral fuels including oil
 Gems, precious metals:
 Electrical machinery, equipment
 Machinery including computers
 Organic chemicals
 Plastics, plastic articles
 Animal/vegetable fats, oils, waxes
 Iron, steel
 Optical, technical, medical apparatus
 Ships, boats
Exports
 goods produced in one country are shipped to another
country for future sale or trade.

 India exports to 190 countries

 Top export partners

USA, UAE, Hong Kong, China, UK, Singapore, Germany,
KSA, Sri Lanka, Bangladesh
Trade Balance
 The balance of trade compares the value of a
country's exports of goods and services against
its imports.

 Overall, trade balance has improved

2012 2013 2014 2015 2016

Trade Balance -189.5 -136.6 -137.5 -117.8 -105.7

(USD billion)
inflation
 It is a scenario where general level of prices for goods
and services is raising and the therefore the
purchasing power of currency is falling
 Inflation Marker
CPI (consumer price index); represents prices paid by
consumers or households for a fixed basket of goods
and services.
- not the price level of just one good, but rather to how
prices are doing overall.
- fixed price
2.19 ,2017

4.97, 2016

5.88, 2015
Measures to control Inflation
 Monetary Policy
1. Cash Reserve Ratio
2. Statutory Liquid Ratio
3. Open market
4. Repo rate
 Fiscal Policy
1. Economic growth through taxation
2. Promotion of employment
CONCLUSION
 Even though Indian GDP is failed compare to the
previous year, the studies are showing a steady growth
which will surpass China and other countries. The
main reason for the steady growth is because of the
man power resources in the coming years, the make in
India program which is announced by the current
government in India and because the recent changes
in the Tax System.