Topic > Economic Analysis of India - 1874

ECONOMIC ANALYSIS OF INDIAThe Indian economy is the tenth largest in the world by nominal gross domestic product and the third largest in terms of purchasing power parity.India after growth of over 9% during 2005-08, moderated to 6.7% growth in 2008-2009 due to the global financial crisis due to fiscal and monetary space, but over time the economy has recovered to 8.4% growth in 2009-10 and 2010-11. The economy started in the second quarter of 2011-2012, when the growth rate fell to 6.70% from the 8% level. Growth was between 5.30 and 5.50 percent in the fourth quarter of 2012-2013. The slowdown is not just limited to India. Globally, there has been a general slowdown in the economy. The growth rate of advanced economies fell from 3.0% in 2010 to 1.3% in 2012. Emerging economies also slowed during this period, due to slowing export markets. China's growth fell from 10.4% in 2010 to 7.8% in 2012. Brazil's growth fell from 7.5% in 2010 to 1.5% in 2012.(http://businesstoday. intoday.in/bt500/sector-wise-analysis.jsp)GIST OF THE ECONOMIC SURVEY OF INDIA 2013Gross Domestic Product to grow up to 6.7% in 2014; warned that inflation and a high current account deficit (CAD) are the two main concerns this year. This study affirms the positive impact on the recovery of the global economy and recent government policies, including measures to open up foreign investment in various sectors such as aviation, retail and others. According to the study, India is on track to achieve its fiscal deficit target of 5.3% of gross domestic product in the current year, and to reduce it to 4.8% of gross domestic product in the next year , i.e. 2015. The study rec... .... half of the paper ......integrating rural development policies, as the majority of the population lives in rural areas of India. There is scope for large-scale infrastructure development and it is necessary to implement other projects efficiently, so that the benefits can reach the lowest level of the population. Tourism is a thriving sector in India and there is a need to tap its potential. This would help increase our Forex reserves and create more job opportunities. Threats: Corruption and terrorism are the major threats faced by India. This is because both hinder trade and the growth of people, which is a necessity for overall economic growth. Rising inflation, black markets and hoarding also pose a threat to economic development. Economic growth, especially exports, are on a downward trend due to the global economic recession and are therefore a cause for concern.