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  • Essay / Economic Analysis of India - 1874

    ECONOMIC ANALYSIS OF INDIA The Indian economy is the tenth largest in the world in terms of nominal gross domestic product and the third largest in terms of purchasing power parity. India after growing at over 9% in 2005 -08, growth was moderated to 6.7% in 2008-09 due to global financial crisis due to fiscal and monetary space, but with time , the economy returned to growth of 8.4% in 2009-10 and 2010-11. The economy took off in the second quarter of 2011-12, when the growth rate fell to 6.70% from 8%. The growth was between 5.30 and 5.50 per cent in the fourth quarter of 2012-13. The slowdown is not limited to India. The global economy has experienced a general slowdown. The growth rate of advanced economies declined from 3.0% in 2010 to 1.3% in 2012. Even emerging economies 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 ECONOMIC SURVEY OF INDIA 2013Gross domestic product is expected to grow up to 6.7% in 2014; he warned that inflation and a high current account deficit (CAD) were the two main concerns this year. This study reports the positive impact of the global economic recovery and recent government policies, including measures to open up foreign investment in various sectors such as aviation and retail, among others. According to the study, India is on track to meet its fiscal deficit target of 5.3% of gross domestic product for the current year and reduce it to 4.8% of gross domestic product next year. next year, i.e. 2015. The study recognizes. .... middle of document ...... implement rural development policies as most of the population lives in rural areas of India. There are opportunities for large-scale infrastructure development and there is a need to implement other projects effectively, so that the benefits can penetrate to the lower strata of the population. Tourism is a thriving sector in India and there is a need to harness its potential. This would help increase our foreign exchange reserves and create more employment opportunities. Threats: Corruption and terrorism are the major threats facing India. Indeed, both hinder trade and the growth of people, which is a necessity for overall economic growth. Rising inflation, black market and hoarding also pose a threat to economic development. Economic growth, mainly exports, tends to decline due to the global economic slowdown and is therefore a cause for concern..