3. Introduction Indian economy
The economy of India is the tenth-largest in the world by nominal
GDP and the third-largest by purchasing power parity (PPP)
On a per-capita-income basis, India ranked 141st by nominal GDP
and 130th by GDP (PPP) in 2012, according to the IMF.
India's GDP grew by 9.3% in 2010–11.
GDP growth rose marginally to 4.8% during the quarter through
March 2013, from about 4.7% in the previous quarter.
4. GDP growth rose marginally to 4.8% during the quarter through
March 2013, from about 4.7% in the previous quarter.
The government has forecast a growth rate of 6.1%-6.7% for the
year 2013–14, whilst the RBI expects the same to be at 5.7%
5. SECTOR WISE CONTRIBUTION IN GDP
SECTORAL COMPOSITION
OF GDP (2012)
AGRICULTURAL
17.40%
INDUSTRIAL
SERVICE
56.90%
24.80%
AGRICULTURAL
INDUSTRIAL
SERVICE
6. AGRICULTURAL SECTOR
India ranks second worldwide in farm output.
Agriculture and allied sectors accounted for 17.40% in 2012 GDP.
The economic contribution of agriculture to India's GDP is steadily declining
with the country's broad-based economic growth.
Still, agriculture plays a significant role in the overall socio-economic fabric of
India
7. 80000
AVERAGE YEILD 2010-11 KG PER HECTARE
68596
70000
60000
50000
40000
30000
AVERAGE YEILD 2010-11 KG
PER HECTARE
20000
10000
0
2240
2938
689
1235
1169
510
8. PROBLEMS FACED BY AGRICULTURAL SECTORS.
POOR CONDITION OF ROADS.
It causes untimely transport of goods.
It increases the gap between demand and supply.
Increases transport cost.
9. LACKS STORAGE FACILITY
It Causes spoilage of 30% of farmers produce.
Forces farmers to sell at lesser prices.
10. UNORGANISED RETAIL
Farmers gets just 10 to 30% of price
While farmers from usa and Europe gets 60 to 81.
It is assumed that India's 90% of retail market is unorganized.
11. POOR IRRIGATION SYSTEM
It causes crop failures in some parts of country.
Delays in crop.
Heavy loss to farmers.
12. STEPS TAKEN FOR BETTERMENT.
FDI IN RETAIL.
It will help in creating good infrastructure.
Farmers will get good price.
Better storage availability.
13. INDUTRIAL SECTOR
Industry accounts for 28.80% of GDP and employs 22% of the total
workforce.
India is 11th in the world in terms of nominal factory output.
14. MAJOR INDUSTRIES
TEXTILE
Is the 2nd largest source of employment after agriculture.
providing employment to over 20 million people.
16. SERVICE SECTOR
India is 13th in services output.
The services sector provides employment to 27%
17. MAJOR CONTRIBUTOR OF SERVICE SECTOR
Information technology
contributing to 25% of the country's total exports in 2007–
08.
7 Indian firms among top 15 IT outsourcing company.
19. CONCLUSION
Service sector is largest contributor in GDP of India.
IT and BPO are major contributor in service sector.
Agricultural sector is having significant contribution in country's economy,
and contribution can be increased by solving problems like condition of
roads and proper storage facility.
Industrial sector is contributing less than its capabilities and it can be
increased by setting manufacturing industries for sustainable economic
development.
20. Agricultural sector is having significant contribution in
country's economy,and contribution can be increased by
solving problems like condition of roads and proper
storage facility.
Industrial sector is contributing less than its capabilities
and it can be increased by setting manufacturing
industries for sustainable economic development.