Indian Economy
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Indian Economy

Five Year Plans Agriculture Development Major Crops Fertilizers-Subsidies Agriculture Marketing-Trade Agriculture Schemes Animal Husbandry Banking Financial Markets Foreign Trade Industrial Development Major Industries Industrial Finance Industrial Policies-FDI Minerals Small Scale Industry Industry Strucuture Inflation-PDS Migration Monetary Policy National Income Population Poverty Power Resources Public Finance-Budget Rural Development Service Sector Taxation Transport Unemployment Urban Development Welfare Programmes

National Income

India is the ninth largest economy in the world by the nominal GDP.
Purchasing Power Parity (PPP) is a technique used to determine the relative value of currencies. It takes into account the relative costs and the inflation rates of the countries rather than using the exchange rates.
By Purchasing Power Parity (PPP) India is the third largest economy in the world.
GDP refers to Gross Domestic Product. It is the value of final goods and services within a country in a given year.
Base year for estimating GDP is 2004-2005.
Gross Domestic Product (GDP) at factor cost for 2012-13 Q4 is 14707.82 Billion rupees.
Central Statistical Organisation(CSO) prepares natinal income estimaties in India.
Net National Product (NNP) at factor cost is called Natinal Income.
NNP at factor cost = GNP at factor cost-depreciation.
Per capita Income is calculated by: National income/population.
National Income is measured in three ways i.e Prduction Method, Income Method, Expenditure Method.

Mcqs

Five Year Plans Natinal Income Banking Committees Cooperative System Countries-Currency Development Programmes Fiscal Policy Foreign Trade Indicators Agriculture Minerals Industry Capital Market Population Poverty-Unemployment Statutory Bodies Taxation Miscellaneous

Quiz

Indian Economy-Nature Five Year Plans National Income Banking Committees Globalisation India Agriculture Mineralsx Taxation