Skip to main content

18 Amazing Facts about India Economy

Image
By
🌕 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.
Labels:

Comments

Post a Comment

Popular posts from this blog

Why do the Indian telecom operators offer their services with 28 days validity, not 30 days?😡😡

By
Here telecom operator are very clever, b ecause telecom operators want to earn money of 13 months instead of 12 months. Let do the calculation and find out why telecom operators are offering 28 days validity. Each month they get 2 days more, therefore in a year they get additional 24 days. There are 7 month which has 31 days so they get additional 7 days.Now in case of February  ,it has only 28 days not 30. So the total number of days they get are=24+7-2=29 days. So if you recharge 12 times then more 29 days are left in a year.🤔🤔 Means for another 29 days you have to recharge from that telecom operator.😫😫 So you have to recharge 13 times in a year instead of 12 times in a year. So telecom operators provide 28 days validity only. First one telecom operator started and then another telecom operators also understood this concept and they also applied 28 days validity both in data packs and voice packs.😱😱😱
Post a Comment
Read more

How Energy conversion from coal is done?

By
Single generator sets of over 600 MW are now used in the UK, though there are many smaller generators in use. A 600 MW generator can supplythe average needs of over 1 million UK households. Three or four such generators are typically installed in a single large coal-fired station which isoften sited close to a coal mine, away from the city dwellers who consume the electricity. Such generators are usually driven by a compound arrangement of highpressure, intermediate-pressure and low-pressure turbines, increasing in size as the pressure decreases. Modern turbines rotate in a speed range from 1500 to 3500 r.p.m., usually 3000 r.p.m. for the UK’s 50 Hz system. For large coal-fired plant the steam pressure could be 25 megapascals (MPa) with steam temperatures of 500–600 °C to improve the thermodynamic efficiency. In nuclear reactors, which operate under less demanding conditions, the steam is superheated to about 5 MPa and 300 °C. Modern water tube boilers are complex and have ...
Post a Comment
Read more

Why swiss Bank is Famous for Black Money?

By
Hello everyone, here we are going to talk about Swiss Bank. When a person hear the name of this bank the only thing that come to our mind is Black Money. When any kind Fraud occur we hear the name of Swiss Bank and Government also tell that he is going to bring all the black money from Swiss Bank. Swiss Bank is located  in Switzerland and was established in 1872 as Basler bankverein. According to Switzerland banking law bank officials cannot disclose the name of account holder name unless and until Swiss court order them. Swiss court give the order only when there is a criminal charge on account holder name for example money laundering, fraud etc. The account in Swiss Bank are secretive account. Anyone who open a bank account in Swiss Bank he has to complete his KYC as normal bank do. But they never reveal the identity and address of account holders name. The account is in coded digits. In bank statement the account holder name is also not disclosed to any one. Here Swi...
Post a Comment
Read more