CURRENT STATUS OF

INDIAN
ECONOMY
 INTRODUCTION
India has emerged as the fastest growing major
economy in the world and is expected to be one of
the top three economic powers of the world over the
The10-15
next economy ofbacked
years, India isby
a developing mixed
its strong democracy
economy.andIt is partnerships
the world's seventh-
.
largest economy by nominal GDP and the third-
largest by purchasing power parity (PPP). The
country is poised to become US$ 5 trillion
economy by 2025 as envisioned by Indian Prime
Minister Narendra Modi that requires securing 9
percent average annual economic growth rate till
then. At present, India ranks 139th in per capita
GDP (nominal) and 119th in per capita GDP
 GDP OF INDIA
WHAT IS GDP?
Gross Domestic Product (GDP) is the total monetary or
market value of all the finished goods and services produced
within a country's borders in a specific time period. As a broad
measure of overall domestic production, it functions as a
comprehensive scorecard of the country’s economic health.
CURRENT STATUS OF INDIA:
GDP of India has expanded by 2.57 times from 2004-05 to
2018-19.According to International Monetary Fund World
Economic Outlook (October-2018), GDP (nominal) of India in
2018 was at current prices is $2,690 billion. India contributes
3.17% of total world's GDP in exchange rate basis.
India is at 3rd position after China and Japan among Asian
Countries.
 FOREIGN TRADE
Foreign trade is exchange of capital, goods, and services
across international borders or territories. In most countries,
it represents a significant share of gross domestic product
(GDP). Generally no country is self-sufficient. It has to
depend upon other countries for importing the goods which
are either non-available with it or are available in insufficient
quantities. Similarly, it can export goods, which are in excess
quantity with it and are in high demand outside. India too,
buys from and sells to other countries various types of goods
and services..
CURRENT STATUS OF INDIA
India’s overall exports in April-June2019-20* are estimated to
be USD 137.26billion, exhibiting a positive growth of 3.14per
cent over the same period last year. Overall imports in April-
June 2019-20* are estimated to be USD 164.50billion,
exhibiting a positive growth of 3.57per cent over the same
 POVERTY
The World Bank defines a person as extremely poor if she is
living on less than 1.90 $.
India is now a middle-income country, with an estimated per
capita income of around $9,000 in purchasing power parity. .
The political, policy and administrative systems have to
adjust to the new realities.
CURRENT STATUS OF INDIA
India is perhaps no longer home to the highest number of
people living in extreme poverty. Now the Indian political,
policy and administrative systems are trying to adjust to the
new realities of the transition to a middle- income country, in
which poverty does not mean living at the edge of hunger
but, rather, lack of income to take advantage of the
opportunities thrown up by a growing economy. The focus of
government spending should be on the provision of public
goods rather than subsidies.
 AGRICULTURE
What is Agriculture?
Agriculture is the process of producing food, feed, fibre and
many other desired products by the cultivation of certain
plants and the raising of domesticated animals (livestock).
Indian Agriculture has been the backbone of the economy for
several thousand years and it still remains to be. For many
Indian agriculture
centuries and grocery
India is expected market
to remain an are huge. It is
agricultural the
society.
world's sixth largest, with retail
CURRENT contributing
STATUS OF INDIAaround 65 to 70%
of the sales. During 2017-18 crop years, food grain production
touched 277.49 million tonnes. Total area in India, sown with
Rabi crops reached 64.29 million hectares in 2018. Exports in
agriculture constitute 10% of the country's exports. Agricultural
exports from India reached USD 28.09 billion during the April
2017-January 2018 with exports of Basmati
 AGRICULTURE
What is Agriculture?
Agriculture is the process of producing food, feed, fibre and
many other desired products by the cultivation of certain
plants and the raising of domesticated animals (livestock).
Indian Agriculture has been the backbone of the economy for
several thousand years and it still remains to be. For many
Indian agriculture
centuries and grocery
India is expected market
to remain an are huge. It is
agricultural the
society.
world's sixth largest, with retail
CURRENT contributing
STATUS OF INDIAaround 65 to 70%
of the sales. During 2017-18 crop years, food grain production
touched 277.49 million tonnes. Total area in India, sown with
Rabi crops reached 64.29 million hectares in 2018. Exports in
agriculture constitute 10% of the country's exports. Agricultural
exports from India reached USD 28.09 billion during the April
2017-January 2018 with exports of Basmati