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Gajera International School
NAME: Mithil Sanchaniya
Std: 11th
Sub: Economics
GDP :
The monetary value of all the finished goods and services produced within a country's borders in a specific time period, though GDP is usually calculated on an annual basis. It includes all of private and public consumption, government outlays, investments and exports less imports that occur within a defined territory.
GDP = C + G + I + NX
where:
"C" is equal to all private consumption, or consumer spending, in a nation's economy
"G" is the sum of government spending
"I" is the sum of all the country's businesses spending on capital
"NX" is the nation's total net exports, calculated as total exports minus total imports. (NX = Exports - Imports)
The 10 Years of UPA Government (2009-2014)
2009-2010
2010-2011
2011-2012
2012-2013
2013-2014
Eleventh Plan (2007-2012)Five year plan
Rapid and inclusive growth.(Poverty reduction)
Emphasis on social sector and delivery of service therein.
Empowerment through education and skill development.
Reduction of gender inequality.
Environmental sustainability.
To increase the growth rate in agriculture,industry and services to 4%,10% and 9% respectively.
Reduce Total Fertility Rate to 2.1
Provide clean drinking water for all by 2009.
increase agriculture growth to 4%.
Eleventh Plan (2007 - 2012)
Target Growth 9 %
Eleventh Plan was aimed “Towards Faster & More Inclusive Growth “after UPA rode back to power on the plank of helping Aam Aadmi (common man).
Actual Growth 8%
India had emerged as one of the fastest growing economy by the end of the Tenth Plan. The savings and investment rates had increased , industrial sector had responded well to face competition in the global economy and foreign investors were keen to invest in India. But the growth was not perceived as sufficiently inclusive for many groups , specially SCs , STs & minorities as borne out by data on several dimensions like poverty, malnutrition, mortality, current daily employment etc .
Some Figures :
The Rupee’s Journey
The Value of US $ in Rupees over the last 10 years
Per Capita Income (in Rs)
2004-2005
2005-2006
2006-2007
2007-2008
2008-2009
2009-2010
2010-2011
2011-2012
2012-2013
2013-2014
0
10,000
20,000
30,000
40,000
50,000
60,000
70,000
80,000
Per Capita Income (in current prices)
Per Capita Income (In-flation Adjusted)
During 2004-2014, India’s average income has grown 3 times. Adjusted for inflation, it has grown by 65% - implying high prices have eroded household income.
2004-2005 2005-2006 2006-2007 2007-2008 2008-2009 2009-2010 2010-2011 2011-2012 2012-2013 2013-2014
7.00%
9.50% 9.60% 9.30%
6.70%
8.60% 8.90%
6.70%
4.50%4.90%
GDP Growth Rate (%)
GDP Growth Rate (%)
Rise in Prices – A Feeler
2004 2014
18
46Milk (Price) (Rs)
2004 2014
33.71
72.47
Petrol (Rs/litre)
2004 2014
387000
458000
Maruti Swift Car (Rs)
2004 2014
22
52
Rice (White, Rs/kg)
2004 2014
20
50
Eggs (Rs/Dozen)
156% 114.98%
18.35%
136.36% 150%
UPA Government – Some Broad Trends Term 1
Strong Economic Growth
Superior Stock Market Performances
First Term also coincided with a global economic boom – fuelled by massive liquidity wave
The boom ended in a spectacular global crash just as it was entering its last year
Term 2
Low growth
High interest rates
Staggering deficits
Weak currency
Loss of accountability in light of a series of scams
Thank You
_ M!t]-[!L