GROSS DOMESTIC PRODUCT

• Gross domestic product is a monetary measure of the market value of

all final goods and services produce in a period of time after yearly or
quarterly.
• The economy of India is a developing mixed economy .it is the world
sixth largest economy by nominal GDP and third largest by
PPP(purchasing power purity)
• After the 1991 economic liberalisation. India achieve 6-7% GDP
growth annually.
• GDP=$2.848 trillion(NOMINAL)
$10.385 trillion(PPP)
• GDP RANK=6TH (NOMINAL)
3RD (PPP)
• GDP GROWTH
8.2% IN 2015
7.1% IN 2016
6.7% IN 2017
8.2% IN 2018-19
INFLATION RATE-4.17%(JULY 2018)
 FISCAL DEFICIT
• Fiscal deficit occur when a government total expenditure exceed the
revenue that is generate excluding money from borrowing.

• Fiscal deficit of 2017-2018 is revised to $93.54 billion at 3.5% of GDP

• Fiscal deficit target for 2018-2019 is 3.3% of GDP