Discover the world with our lifehacks

What was the economy of India in 2012?

What was the economy of India in 2012?

With the revised GDP numbers, the size of the Indian economy now stands at $1.6 trillion in 2012-13 at the rupee’s Friday value of 62.66 against the dollar. Though India’s real GDP grew at a slower pace than anticipated in 2012-13, its nominal GDP grew faster at 12.2% against 11.7% estimated earlier.

What is the introduction of Indian economy?

The economy of India is currently the world’s fourth largest in terms of real GDP (purchasing power parity) after the USA, China and Japan and the second fastest growing major economy in the world after China. Indian economy growth rate is estimated to be around seven to eight percent by year 2015-16.

What are the 5 key economic indicators in India?

Five macro-economic indicators that may affect your investments

  • GDP growth. GDP, the market value of all goods and services produced in the country, could pick up under the new government, say analysts.
  • Industrial production.
  • Current account deficit.
  • Inflation.
  • Interest rates.

What was India’s economy in 2013?

India’s GDP, during 2013–14, grew and marginally improved to 4.7 per cent as compared to 4.5 per cent in 2012–13. in the industry continued due to deceleration in mining and quarrying, and a disappointing performance of the manufacturing sector, with growth averaging 0.2 per cent per annum in the past two years.

What was GDP in 2012?

Current-dollar GDP increased 4.0 percent, or $600.3 billion, in 2012, compared with an increase of 4.0 percent, or $576.8 billion, in 2011. During 2012 (that is, measured from the fourth quarter of 2011 to the fourth quarter of 2012) real GDP increased 1.5 percent.

What is the GDP of India in 2012-13?

At current prices, the gross national income in 2012-13 is estimated at Rs. 92.70 lakh crore as compared to Rs. 83.10 lakh crore in 2011-12, showing a rise of 11.5 per cent during the year, as against an increase of 16.0 per cent in the previous year,” CSO said in the press release.

What type of economy is Indian economy?

Today, India is considered a mixed economy: the private and public sectors co-exist and the country leverages international trade.

What is the meaning of Indian economy?

Indian economy is termed as the developing economy of the world. Some features like low per capita income, higher population below poverty line, poor infrastructure, agriculture based economy and lower rate of capital formation, tagged it as a developing economy in the world.

What is the current state of Indian economy?

With a GDP of $3.1 trillion, India is the world’s sixth-largest economy. The country has one of the highest GDP growth rates in the world. India’s GDP will likely grow by 8-8.5% in FY22, according to the 2021-22 Economic Survey.

Who measure GDP in India?

Ministry of Statistics and Programme Implementation
Ministry of Statistics and Programme Implementation, Government of India.

What is the GDP of India in 2012 13?

What was the GDP of India in 2011 2012?

Gross Domestic Product GDP at factor cost at current prices in the year 2011-12 is estimated at Rs. 82,32,652crore, showing a growth rate of 15.0 per cent over the Quick Estimates of GDP for the year 2010-11 of Rs. 71,57,412 crore, released on 31th January 2012.