The Economy of India is the 7th largest in the world by Nominal GDP - $2.308 trillion (Nominal, April 2015) and the 3rd largest by Purchasing Power Parity(PPP) -$7.996 trillion (PPP, April 2015)
India also topped World Bank's’s growth outlook for the year 2015-16 for the first time with economy grown 7.3% in 2014-15 & expected to grow at 7.5-8.3% in 2015-16
India's economy became the world's fastest growing major economy from the last quarter of 2014, replacing China's
India has the one of fastest growing Service Sectors in the world with annual growth rate of above 9% since 2001, which contributed to 57% of GDP in 2012-13
India has capitalized its economy based on its large educated English-speaking population to become a major exporter of IT Services, BPO Services, and Software Services with $167.0 billion worth of service exports in 2013-14.
The IT industry continues to be the largest private sector employer in India
The Agriculture Sector is the largest employer in India's economy but contributes to a declining share of its GDP (17% in 2013-14)
India Ranks Second worldwide in farm output
The Industry Sector has held a constant share of its economic contribution(26% of GDP in 2013-14)
India's two major stock exchanges,BSE and NSE and had a market capitalization of US$1.71 trillion and US$1.68 trillion respectively as of Feb 2015, which ranks 11th and 12th largest in the world respectively according to the World Federation of Exchanges
Note
A Trillion means -
1,000 = one thousand
1,000,000 = one million or Ten Lakhs 10,00,000
1,000,000,000 = one billion or Hundred Crores 100,00,000
1,000,000,000,000 = one trillion or 100000 crore
A million is equal to a thousand thousands (1,000 x 1,000).
A billion is equal to a thousand millions (1,000 x 1,000,000).
A trillion is equal to a thousand billions (1,000 x 1,000,000,000)
Statistics
India also topped World Bank's’s growth outlook for the year 2015-16 for the first time with economy grown 7.3% in 2014-15 & expected to grow at 7.5-8.3% in 2015-16
India has the one of fastest growing Service Sectors in the world with annual growth rate of above 9% since 2001, which contributed to 57% of GDP in 2012-13
India has capitalized its economy based on its large educated English-speaking population to become a major exporter of IT Services, BPO Services, and Software Services with $167.0 billion worth of service exports in 2013-14.
The IT industry continues to be the largest private sector employer in India
The Agriculture Sector is the largest employer in India's economy but contributes to a declining share of its GDP (17% in 2013-14)
India Ranks Second worldwide in farm output
The Industry Sector has held a constant share of its economic contribution(26% of GDP in 2013-14)
India's two major stock exchanges,BSE and NSE and had a market capitalization of US$1.71 trillion and US$1.68 trillion respectively as of Feb 2015, which ranks 11th and 12th largest in the world respectively according to the World Federation of Exchanges
Note
A Trillion means -
1,000 = one thousand
1,000,000 = one million or Ten Lakhs 10,00,000
1,000,000,000 = one billion or Hundred Crores 100,00,000
1,000,000,000,000 = one trillion or 100000 crore
A million is equal to a thousand thousands (1,000 x 1,000).
A billion is equal to a thousand millions (1,000 x 1,000,000).
A trillion is equal to a thousand billions (1,000 x 1,000,000,000)
Statistics
- Population below poverty line - 23.6%, 276 million
- Unemployment 3% Urban -2% Rural and Total=10.8 million
- Public Debt - 64.9% of GDP (2014
- Budget Deficit - 4.1% of GDP (2014–15)
- Foreign Reserves - $354.5 billion (as of July 03,2015)
No comments:
Post a Comment