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State of Indian Economy

State of Indian Economy

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Published by Khizer Ahmed Khan

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Published by: Khizer Ahmed Khan on Jul 05, 2012
Copyright:Attribution Non-commercial

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07/05/2012

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7/5/12
 
STATE OF INDIAN ECONOMY
AnkitaChaitanyaHaritaHimanshuKhizer
By,
 
7/5/12
 
Ø
Steel, mining, machine tools, water, telecommunications,insurance, and electrical plants, among other industries,were effectively nationalized in the mid-1950s.
Ø
Economy transformed from primarily agriculture,forestry, fishing, and textile manufacturing in 1947 tomajor heavy industry, transportation, andtelecommunications industries by late 1970s.
Ø
According to economic historian ‘Angus Maddison’ in hisbook
The World Economy: A Millennial Perspective
, Indiahad the world's largest economy from the 1st century to11th century, with a 32.9% share of world GDP in the 1stcentury to 28.9% in 1000 CE.
History of 
 
Independent
 
Indian
 
Economy
 
7/5/12
 
at teeconomy o acountry” ?
1. GDP- Real and Nominal.
2. Sector share in GDP.a) Agricultureb) manufacturingc) service
3. Inflation rate ,Price level of economy
4. Aggregate Demanda) Per capita incomeb) Personal diposable income.c) Taxes rates
5. InvestmentInterest rateLiquidity of economy
6. Government policiesa) Fiscal policiesi) revenue budgetii) expenditure budgetb)Monetary policies{ crr, slr ,repo rate ,reverse repo rate.....etc. } 7. export and imports ( increase and decrease i.e surplus and deficit )
8. ISLM

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