Gajera International School

NAME: Mithil Sanchaniya

Std: 11th

Sub: Economics

GDP :

The monetary value of all the finished goods and services produced within a country's borders in a specific time period, though GDP is usually calculated on an annual basis. It includes all of private and public consumption, government outlays, investments and exports less imports that occur within a defined territory.

GDP = C + G + I + NX

where:

"C" is equal to all private consumption, or consumer spending, in a nation's economy

"G" is the sum of government spending

"I" is the sum of all the country's businesses spending on capital

"NX" is the nation's total net exports, calculated as total exports minus total imports. (NX = Exports - Imports)

The 10 Years of UPA Government (2009-2014)

2009-2010

2010-2011

2011-2012

2012-2013

2013-2014

Eleventh Plan (2007-2012)Five year plan

Rapid and inclusive growth.(Poverty reduction)

Emphasis on social sector and delivery of service therein.

Empowerment through education and skill development.

Reduction of gender inequality.

Environmental sustainability.

To increase the growth rate in agriculture,industry and services to 4%,10% and 9% respectively.

Reduce Total Fertility Rate to 2.1

Provide clean drinking water for all by 2009.

increase agriculture growth to 4%.

Eleventh Plan (2007 - 2012)

Target Growth 9 %

Eleventh Plan was aimed “Towards Faster & More Inclusive Growth “after UPA rode back to power on the plank of helping Aam Aadmi (common man).

Actual Growth 8%

India had emerged as one of the fastest growing economy by the end of the Tenth Plan. The savings and investment rates had increased , industrial sector had responded well to face competition in the global economy and foreign investors were keen to invest in India. But the growth was not perceived as sufficiently inclusive for many groups , specially SCs , STs & minorities as borne out by data on several dimensions like poverty, malnutrition, mortality, current daily employment etc .

Some Figures :

The Rupee’s Journey

The Value of US $ in Rupees over the last 10 years

Per Capita Income (in Rs)

2004-2005

2005-2006

2006-2007

2007-2008

2008-2009

2009-2010

2010-2011

2011-2012

2012-2013

2013-2014

0

10,000

20,000

30,000

40,000

50,000

60,000

70,000

80,000

Per Capita Income (in current prices)

Per Capita Income (In-flation Adjusted)

During 2004-2014, India’s average income has grown 3 times. Adjusted for inflation, it has grown by 65% - implying high prices have eroded household income.

2004-2005 2005-2006 2006-2007 2007-2008 2008-2009 2009-2010 2010-2011 2011-2012 2012-2013 2013-2014

7.00%

9.50% 9.60% 9.30%

6.70%

8.60% 8.90%

6.70%

4.50%4.90%

GDP Growth Rate (%)

GDP Growth Rate (%)

Rise in Prices – A Feeler

2004 2014

18

46Milk (Price) (Rs)

2004 2014

33.71

72.47

Petrol (Rs/litre)

2004 2014

387000

458000

Maruti Swift Car (Rs)

2004 2014

22

52

Rice (White, Rs/kg)

2004 2014

20

50

Eggs (Rs/Dozen)

156% 114.98%

18.35%

136.36% 150%

UPA Government – Some Broad Trends Term 1

Strong Economic Growth

Superior Stock Market Performances

First Term also coincided with a global economic boom – fuelled by massive liquidity wave

The boom ended in a spectacular global crash just as it was entering its last year

Term 2

Low growth

High interest rates

Staggering deficits

Weak currency

Loss of accountability in light of a series of scams

Thank You

_ M!t]-[!L