The reason why we struggle with

insecurity is because
we compare our Behind The Scenes
with everyone else’s Highlight Reel
GDP of India in
comparison to Belarus

A presentation by
Harshitha R
Ist Sem MBA
Dayananda Sagar University
 WHAT IS GDP?

Gross domestic product is the best way to measure a country's economy.

GDP is the total value of everything produced by all the people and
companies in the country. It doesn't matter if they are citizens or foreign-
owned companies. If they are located within the country's boundaries, the
government counts their production as GDP.
 HOW GDP IS CALCULATED?
The GDP or gross domestic product of a country provides a measure of the monetary value of the goods
and services it produces in a specific year. This is an important statistic that indicates whether an economy
or growing or contracting. In the United States, the government releases an annualized GDP estimate for
each quarter and also for an entire year.
Providing a quantitative figure for GDP helps a government make decisions such as whether to stimulate the
economy by pumping money into it, in case the economy is not growing and needs such stimulus. And in
case the economy is getting heated, a government could also act to prevent it from getting overheated.
The US government, for example, makes a preliminary estimate of GDP for each quarter, based on the initial
information it has, and then makes a second estimate and a final one as more information flows in.

Y = C + I + (X - M)+ G
 WHY SHOULD WE CALCULATE
GDP?
GDP measures the level of economic activity as captured by the total production
of goods and services in the economy. For individual or group of items, having a
common unit of measurement, total production can be easily quantified. For
example, the number of automobiles, tons of agricultural produce, gallons of oil,
miles of road, Btu of power, hours of service, and so on.
But for the economy there is no common measure to quantify total production.
How do we add the different items listed above to arrive at total production
quantitatively? We cannot. GDP, therefore, in every economy, is reported as a
monetary measure in terms of value of all goods and services produced where
value is calculated by multiplying the quantity of each produce/service by its
market price and then summing it over all goods and services produced in the
economy.
How Better is the GDP?
India

GDP per capita----1,709.39 USD (2016)

Gross domestic product----2.264 trillion USD (2016)
Population----1.324 billion (2016)
 WHY SHOULD WE CALCULATE
GDP?
GDP measures the level of economic activity as captured by the total production
of goods and services in the economy. For individual or group of items, having a
common unit of measurement, total production can be easily quantified. For
example, the number of automobiles, tons of agricultural produce, gallons of oil,
miles of road, Btu of power, hours of service, and so on.
But for the economy there is no common measure to quantify total production.
How do we add the different items listed above to arrive at total production
quantitatively? We cannot. GDP, therefore, in every economy, is reported as a
monetary measure in terms of value of all goods and services produced where
value is calculated by multiplying the quantity of each produce/service by its
market price and then summing it over all goods and services produced in the
economy.
Belarus

GDP per capita----4,989.25 USD (2016)

Gross domestic product----47.43 billion USD (2016)
Population----9.507 million (2016)
• GDP in Belarus averaged 33.47 USD Billion from 1990 until
2016
• reaching an all time high of 78.81 USD Billion in 2014 and
• a record low of 12.14 USD Billion in 1999.

Whereas

• GDP in India averaged 509.73 USD Billion from 1960 until

2016
• reaching an all time high of 2263.52 USD Billion in 2016
and
• a record low of 36.54 USD Billion in 1960.
What if you moved in to
Belarus from India?

Make 2.6 times more money

India GDP per capita 6700$

Belarus GDP per capita 17500$
Pay 63.4% less in tax

India top marginal tax rate – 35.5%

Belarus top marginal tax rate – 13%
Be 78.9% less likely to live below poverty line

In India 29.8% of people live below poverty line

In Belarus only 6.3% people live below poverty line
Be 91.7% less likely to be unemployed

In India 8.4% people are unemployed

In Belarus only 0.7% of people are unemployed
 CONCLUSION

• Each country is distinct and unique

• Tourism policy
• Democracy
• Independent Nation
• Always belonged to the same Nation
Thank you
Harshitha.R