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18 Amazing Facts about India Economy

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🌕 Historically, gross household financial savings have been about a third of total savings in the economy, and for the last three decades have been between 9 per 
cent and 12 per cent of GDP. 

🌕 The drop in gross household financial savings ratio to 9.4 per cent in FY17 (the year of demonetisation), a two-decade low, had raised. The strong rebound to 11.1 per cent reported for FY18. 

🌕 India to be the fastest growing major Economy in the next decade : Oxford Economics Report. 

🌕 Gross Fixed Capital Formation (GFCF) as a share of GDP has stagnated at around 28-29% of GDP. 

🌕 With unemployment at 6.7 per cent (Centre for Monitoring Indian Economy, March 2019) people are forced to opt for low-quality, low-paying jobs. Women 
aspiring for jobs have been hit hard and many have opted out of the labour force. There is growing marginalisation of women from the growth process. 

🌕As on 2017-18, the total assets of the RBI was approximately equal to 36 lakh crores and total amount of reserves with RBI is around 10 lakh crores which is 
28.92% of total assets of RBI.

🌕 According to the GDP estimates for the last quarter financial year 2017-18 Indian economy has been expanded only by 5.8 percent which is considered to be the lowest in the last 5 years. 

🌕 The Investment rate has reduced from 36% in 2007-08 to 29% in 2018-19. The fall in the investment rate is on account of higher NPAs of the Banks which has 
risen to around 14.2% in 2018-19. 

🌕 Macro data released highlighted GDP growth falling to 5.8% in the fourth quarter of 2018-19, decreasing overall growth for the fiscal year 2018-19 at 6.8%
 
🌕 Growth in gross value added (GVA), which is GDP minus taxes and subsidies, fell to 6.6% in 2018-19. 

🌕 Rural economy remains in distress, as seen by the 2.9% growth in agriculture. Agriculture gross value added (GVA) growth is estimated at negative 0.1% and manufacturing GVA growth at 3.1% in the January-March quarter. 

🌕 Growth in the core sector – which is a set of eight major industrial sectors —fell to 2.6% in April 2019, compared to 4.7% in April, 2018. 

🌕Joblessness has been at 45 year high at 6.1% high in 2017-18.

🌕 NBFC companies account for one-fifth i.e 20 per cent of the overall lending in the economy 

🌕 India's manufacturing sector currently contributes around 16% to India's GDP. 

🌕 The number of wilful defaulters in nationalised banks has increased by more than 60% to 8,582 to March 2019 from 2014-15.

🌕 India’s dollar GDP was nominally estimated at about $2 trillion in 2013-14. It is estimated to have grown to $2.7 trillion in 2018-19, an increase of 35 per cent. If the target of $5 trillion is to be achieved in 2024, the growth during this period should be 85 per cent. 

🌕 Consumption Expenditure accounts for 60% of India's GDP.

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