Economic and Social Issues

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ECONOMIC AND SOCIAL

ISSUES
TOPICS
1. NATURE OF ECONOMY
2. ECONOMIC REFORMS IN INDIA AND PRIVATIZATION
3. INFLATION
4. POVERTY ALLEVIATION AND EMPLOYMENT GENERATION IN INDIA
5. POPULATION GROWTH AND ECONOMIC DEVELOPMENT OF A COUNTRY
6. FOOD SECURITY AND INDIAN AGRICULTURE: POLICIES, PRODUCTION,
PERFORMANCE AND MARKETING ENVIRONMENT
7. POVERTY ALLEVIATION AND EMPLOYMENT GENERATION IN INDIA
8. RURAL DEVELOPMENT INSTITUTIONS AND NABARD
9. GLOBALISATION
10. SOCIAL STRUCTURE OF INDIA
11. ISSUES OF SOCIAL JUSTICE (SCHEDULED CASTES AND SCHEDULED
TRIBES AND OTHER BACKWARD)
12. SOCIAL MOVEMENTS IN INDIA
13. SOCIAL ISSUES IN INDIA
1.NATURE OF INDIAN ECONOMY

Basically, Indian economy is a mixed economy. It's a developing economy. Agricultural is the
main occupation and still around 70% people are involved in agricultural sector, wide spread
poverty. The ability to save is very low, low capital formation, low investment, population
grows at a high rate about 2% per annum.

• He economy of India is a mixed economy in nature.


• The economy of India is the world’s sixth-largest economy by nominal GDP and the third-
largest by purchasing power parity (PPP).
• India’s per capita GDP (nominal) is $1723 and it’s per capita GDP (PPP) is $6,616 (2016).
• In FY 2015 and 2017 India’s economy became the world’s fastest growing major economy
surpassing China.
• India topped the World Bank’s growth outlook for the first time in fiscal year 2015–16,
during which the economy grew 7.6%.
• According to the IMF, India’s growth is expected to rebound to 7.2% in the 2017–18 fiscal
and 7.7% in 2018–19.
Sectors of Indian Economy
• Three sectors – Primary, Secondary and
Tertiary.
• Primary = Agriculture related.
• Secondary = Industry related.
• Tertiary = Service related.
India as an investment destination

• India is the most attractive investment destination in the


world, according to a survey by global consultancy firm Ernst
& Young (EY). Organization for Economic Co-operation and
Development (OECD) projections on growth rate of India are
3.4 per cent for 2013-14, 5.1 percent in FY 2014–15 and 5.7
per cent in FY 2015–16. The HSBC Trade Confidence Index, the
largest trade confidence survey in the world, has positioned
India at the top with 142 points. The increasing demand due
to its population makes the country a good market. Sectors
projected to do well in the coming years include automotive,
technology, life sciences and consumer products.
Indian Exports

• India’s exports have also been doing well,


touching US$ 303 billion in FY 2012–13,
almost double of what it managed (US$ 167
billion) four years ago. The US$ 1.2 trillion
investment planned for the infrastructure
sector in the 12th Five-Year Plan will go a long
way in improving export performance of
Indian companies and the Indian growth story.
Indian GDP

• India is the third biggest economy in the


world in terms of GDP measured at purchasing
power parity (PPP), according to a World Bank
report. India is also projected to become the
third largest economy (Nominal GDP) in the
world by 2043.

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