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GDP growth in india

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India's GDP growth in 2018-19. India's economy grew at an impressive 8.2 per cent in the first quarter of 2018-19 financial year ending June 30 on the back of a strong core performance and a healthy base . This jump ahead of national elections next year would help bolster the government amid a debate over its economic record versus that of its predecessor following the release of back-series data recently. This will also be factored in by the monetary policy committee at its next review scheduled for October 3-5. The Indian government changed the base year for GDP calculation from 2004-05 to 2011-12, by changing the goods and services in the basket to make it more current, in 2015. Key Highlights This is the highest growth in two years and strongest since the first quarter of 2016. Sectors which registerd growth of over 7 per cent include ‘manufacturing, ‘electricity, gas, water supply & other utility services’ ‘construction’ and ‘public admi...
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PLANNING OF INDIA

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PLANNING    COMMISSION      • National planning committee was set-up under the chairmanship of Jawaharlal Nehru in 1938. But planning commission was set-up in the year 1950. • It is the central body for making plans in india and prime minister is the Ex-officio chairman. It is a non-statutory, extra-constitutional and advisory body and finds no mention in the constitution of india. It was replaced by NITI AAYOG on 1 st January, 2015. NITI   Aayog NITI Aayog National Institution for transforming india Aayog came into existence on 1 st January, 2015; policy making think-tank of government that replaces planning commission and aims to involve states in economy policy making. It will be providing strategic and technical advice to the central and the state Government. 15-year Vision Document NITI Aayog has decided to come up with a 15-year vision document in place of 5-year plan. The first 15-year vision document will come into effect fr...
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NATIONAL INCOME OF INDIA

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NATIONAL   INCOME   AGGREGATES • GROSS NATIONAL PRODUCT (GNP) GNP  refers to the money value of total output of production of final goods and services produced by the national of a country during a given period of time, generally a  year.  • GROSS DOMESTIC PRODUCT(GDP) It is the total money value of all final goods and services produced within the geographical boundaries of the country during a given period of time. • GROSS VALUE ADDED(GVA) It is a measure of the value of good and services produced in an area, industry or sector of an economy. In national accounts, GVA is output minus intermediate consumption, It is a balancing item of the national accounts production account. • PERSONAL DISPOSABLE INCOME(PDI ) •when personal direct texes are subtracted form personal income, the obtained v alue is called personal disposable income. Thank you.
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Type of economy and broad sectors

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CHARACTERISTICS OF INDIAN ECONOMY -Main characteristics of Indian economy are. • Agrarian Economy   In an agrarian or primary economy, agricultural dominance prevails in both the GDP  and employment. • MIXED ECONOMY  It is an economy where both public and private sector co-exist. The nature of Indian economy is a mixed economy, coined by Pat Mullins. But JM Keynes' economy supported the mixed economy, which is guided operated by the government. • DEVELOPING    ECONOMY   following features show that Indian economy is a developing economy (a) Low per capita income (b) Heavy population pressure (c) prevalence of chronic unemployment and underemployment (d) Steadily improving rate of capital formation (e) Low human development indicators.                    BROAD SECTORS OF INDIAN ECONOMY • Primary sector  Agriculture, forestry, fishing etc.   • Secondary sector Mi...
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Indian economy

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ECONOMY • ECONOMY is the financial condition of the different  Sectors of the country . • The study of economy of any country helps us in finding out the financial condition of the population  as well as the economy. It also helps in comparing   the economy condition of two different countries . ECONOMIC   GROWTH • It may be defined as a state of expansion that can  move an underdeveloped country from a near subsistence mode of living to substantially higher  levels over a period  of time. ECONOMIC DEVELOPMENT •Till the 1960s, economic development was often used as a synonym of economic growth with change, which refers to the  qualitative change in the economy. These change are in the form of improvement in the level of living, reduction in inequality, rise in efficiency and improvement in technique. click here  for more details https://en.m.wikipedia.org/wiki/Economy_of_India Thank you.
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