GDP Trends In India

BY
(MUHAMMED KK)
Introduction to GDP
What isGDP?

Gross
Domestic
P roduct
 What isGDP?

“The total market value of all final goods

and services produced during a given time
period within a nation’s domestic
borders”
Components of GDP

GDP =
Consumption (C) +
Or NET EXPORTS
Investment (I) +
Government Spending+
(Exports - Imports)
 Components of GDP
Represents all purchases of
goods and services madeby
households (65-70%)
GDP =
Consumption (C) +
Or NET EXPORTS
Investment (I) +
Government Spending+
(Exports - Imports)
 Components of GDP
Costs of building factories /
homes / regular business
expenses / increase or decrease in GDP =
business inventories
Consumption (C) +
Or NET EXPORTS
Investment (I) +
Government Spending+
(Exports - Imports)
 Components of GDP

Expenses on things likenational

defence, operational expenses. GDP =
Consumption (C) +
Or NET EXPORTS
Investment (I) +
Government Spending+
(Exports - Imports)
 Components of GDP
Goods and services that are
produced within out borders but
sold in other countries. Money
flows into our economy, exports GDP =
add toour GDP
Consumption (C) +
Or NET EXPORTS
Investment (I) +
Government Spending+
(Exports - Imports)
 Components of GDP

GDP =
Consumption (C) +
Or NET EXPORTS
Investment (I) +
Government Spending+
Produced in out side country and
sold in to our country, money
(Exports - Imports)
flows out, imports are hence
subtracted from GDP
 A: owns
Example: $5.00

•Assume that in 2018, a country called

A produced only one piece of B: owns
calculator priced at Rs.10.0. To $5.00
produce this calculator, country A
used Rs.5.00worth of factors of
production owned by citizens of
country A and Rs.5.00 worth of A: produces
factors of production owned by $10.00
citizens of country B.
 Answer

• GDPof countryA was Rs.10.00

Because it produced in its own country a good worth Rs.10.00. It does not
really matter who owned the factors of production in producing the
calculator.
List of Countries by GDP (nominal)
Per the International Monetary Fund (2018)
GDP
Rank Country
(US$million)
World 8,48,35,462
United States
1 2,05,13,000
2 China 1,34,57,267
3 Japan 50,70,626
4 Germany 40,29,140

5 United Kingdom 28,08,899

6 France 27,94,696
7 India 26,89,992
8 Italy 20,86,911
9 Brazil 19,09,386
10 Canada 17,33,706
Indian GDP
 Post-liberalization period (since 1991)

• By the turn of the 21st century, India had progressed towards a free-market economy
• India enjoyed high growth rates for a period from 2003 to 2007 with growth averaging 9% during this period
 Employment

• Overall employment in India rose by 6.94 lakh says Economic Survey 2013
• Employment rises because of the development done in the economy by
the infrastructure, FDI
 GDPTrend of the country

The Gross Domestic Product (GDP) in India was worth 2689.992 billion US dollars in 2018.The GDP
value of India represents 3.17 percent of the world economy. GDP in India averaged 693.96 USD
Billion from 1970 until 2017, reaching an all time high of 2689.992 USD Billion in 2018 and a record low
of 63.50 USD Billion in 1970.
 State wise Growth in GDP
2001–02 2002–03 2003–04 2004–05 2005–06 2006–07 2007–08
State/Union territory
in ₹ Crore in ₹ Crore in ₹ Crore in ₹ Crore in ₹ Crore in ₹ Crore in ₹ Crore

India 20,97,726 22,61,415 25,38,170 29,71,464 33,90,503 39,53,276 45,82,086

Andhra Pradesh 1,56,711 1,67,096 1,90,017 2,24,713 2,55,941 3,01,035 3,64,813

Arunachal Pradesh 2,104 2,071 2,368 3,488 3,755 4,108 4,810

Assam 38,313 43,407 47,305 53,398 59,385 64,692 71,076
Bihar 57,657 64,965 66,174 77,781 82,490 1,00,737 1,13,680

Chhattisgarh 29,539 32,493 38,802 47,862 53,381 66,875 80,255

Goa 7,097 8,100 9,301 12,713 14,327 16,523 19,565
Gujarat 1,23,573 1,41,534 1,68,080 2,03,373 2,44,736 2,83,693 3,29,285
Haryana 65,505 72,528 82,862 95,795 1,08,885 1,28,732 1,51,596

Himachal Pradesh 17,148 18,905 20,721 24,077 27,127 30,274 33,963

Jammu and Kashmir 18,039 20,326 22,194 27,305 29,920 33,230 37,099

Jharkhand 35,069 37,967 42,449 59,758 60,901 66,935 83,950

Karnataka 1,12,847 1,20,889 1,30,990 1,66,747 1,95,904 2,27,237 2,70,629

Kerala 77,924 86,895 96,698 1,19,264 1,36,842 1,53,758 1,75,141

Madhya Pradesh 86,745 86,832 1,02,839 1,12,927 1,24,276 1,44,577 1,61,479

Maharashtra 2,73,188 2,99,479 3,40,600 4,15,480 4,86,766 5,84,498 6,84,817

Manipur 3,369 3,506 3,979 5,133 5,718 6,137 6,783

Meghalaya 4,478 4,763 5,280 6,559 7,265 8,625 9,735

Mizoram 1,947 2,166 2,325 2,682 2,971 3,290 3,816

Nagaland 3,972 4,467 4,812 5,839 6,588 7,257 8,075

Odisha 46,756 49,713 61,008 77,729 85,096 1,01,839 1,29,274
Punjab 79,611 82,249 90,089 96,839 1,08,637 1,27,123 1,52,245

Rajasthan 91,771 88,550 1,11,606 1,27,746 1,42,236 1,71,043 1,94,822

Sikkim 1,136 1,276 1,430 1,739 1,993 2,161 2,506

Tamil Nadu 1,48,861 1,58,155 1,75,371 2,19,003 2,57,833 3,10,526 3,50,819

Telangana – – – – – – –
Tripura 6,370 6,733 7,551 8,904 9,826 10,914 11,797

Uttar Pradesh 1,90,269 2,06,855 2,26,972 2,60,841 2,93,172 3,36,317 3,83,026

Uttarakhand 15,144 18,473 20,439 24,786 29,968 36,795 45,856

West Bengal 1,57,144 1,68,000 1,89,259 2,08,656 2,30,245 2,61,682 2,99,483

Andaman and Nicobar Islands 1,082 1,228 1,392 1,813 2,044 2,538 2,990

Chandigarh 5,490 6,453 7,419 8,504 10,185 12,276 13,669

Delhi 65,027 71,361 79,468 1,00,325 1,15,374 1,35,584 1,57,947
Puducherry 4,259 4,931 5,438 5,754 7,977 8,335 9,251
Sectors in Indian Economy
 Three sectors of Economy

• Primary Sector
• Secondary Sector
• Tertiary Sector
 Primary Sector

• economic activity is centred from extraction of

raw materials from mother earth
• Example:Agriculture, Forestry, Mining,
Fishing.
 Secondary Sector

• economic activity is centred around

manufacturing
• Example: production of goods and
construction.
 Tertiary Sector
• it is all about services, also known as
service sector
• includes sub-sectors like Trade;
Transport; Storage & warehousing;
Communication; Banking; Real Estate;
Business services; Publicadministration
Reason for a strong Service Sector in India
• Foreign Companies outsourcing in India.
• Highly skilled, low-cost and educated workers.
• StrongPrimary and Secondary sectors
 Service Sector: India And China
China India

9.7

18%

46.4

57%
25%
43.9

Agriculture
Industry
Services
Indian Agro-Sector
 Some Facts
• India is largely an agricultural country.
• With 58% of rural households are employed in the agro-sector.
• Agro-Sector is crucial contributor to the GDP of Republic Of
India and a multi-billion$ industry.
 DidYou Know?
• India is largest producer, consumer as well as exporterof
spices and spiceproducts.
• India is the global leader in milk production( #1 )
• India is ranked #3 in farm outputs.
Indian Industrial Sector
Major Industries in IndiaGDP
Automobile Industry- GDP
Pharmaceutical Industry- GDP
Bio-Technological Industry- GDP
Cement Industry- GDP Iron and
Steel Industry- GDP Aviation
Industry- GDP Oil and Natural
GasIndustry- GDP Tourism
Industry-GDP
Textile Industry-GDP
Realty Industry-GDP
Electronics & Hardware Ind.- GDP
The Indian economy is the twelfth biggest in the world for it has the GDP
of US$ 1.09 trillion in 2007. The country has the second fastest major
growing economy in the whole.
1960-1980: 3.5%
1980-1990: 5.4%
1990-2000: 4.4%
2000-2009: 6.4%
2010-2018: 6.7%

The trend of growth rate of India's economy demonstrates an upward

trend. During the period of 1960 – 1980 the economy saw a growth rate
of 3.5% due to the roles of major industries in India GDP. In the years
from 1980 to 1990 the growth rate showed a marked improvement of
5.4%, while it was slightly lower in the period from 1990 to 2000 which
was at 4.4%.The phase 2000 to 2009 saw a huge improvement and the
growth rate of GDPwere marked at 6.4 percent.
CONCLUSION
The Economy of India is the seventh-largest in the world by
nominal GDPand the third-largest by purchasing power
parity(PPP). The country is classified as a newly industrialised
country, one of the G-20 major economies, a member of
BRICSand a developing economy with an average growth rate
of approximately 7%over the last two decades.
Maharashtra(Marathi) is the richest Indian state and
has an annual GDP of US$430 billion, nearly equal to that of
Iran or Finland, and accounts for 12% of the Indian GDP
followed by the states of Tamil Nadu (US$256 billion) and
Uttar Pradesh(US$230 billion). India's economy became the
world's fastest growing major economy from the year of
2014, replacing the People's Republic of China
What will happen if country‘s GDP is high ?

1. Income ofpeople increases

2. Production increases
3. Increase in the lifestyle of the citizens
4. Per capita incomeincreases

So lets hope that in future our country‘s GDP will

increases today in 2018-19 our GDP has increased to
7.8 percent our country is fastest growing economy.
the direction of the numbers is very postive.
Thank You