The Indian economy is diverse and embraces a huge area including agriculture, mining, textile industry, manufacturer and a vast area of other services. There is an enormous shift from what the economy used to be in the distant past. Till today, two thirds of the population depends on agriculture directly or indirectly.
Revenues calculated on an exchange rate basis, i. This entry records the difference between national government revenues and expenditures, expressed as a percent of GDP. Normalizing the data, by dividing the budget balance by GDP, enables easy comparisons across countries and indicates whether a national government saves or borrows money.
Countries with high budget deficits relative to their GDPs generally have more difficulty raising funds to finance expenditures, than those with lower deficits.
No date was available from the Wikipedia article, so we used the date of retrieval. This entry briefly describes the type of economyincluding the degree of market orientation, the level of economic development, the most important natural resourcesand the unique areas of specialization.
It also characterizes major economic events and policy changes in the most recent 12 months and may include a statement about one or two key future macroeconomic trends. This entry provides the total US dollar amount of merchandise exports on an f. These figures are calculated on an exchange rate basis, i.
GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products.
It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural us economy and indian economy essay.
Data are in current U. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.
This entry gives the gross domestic product GDP or value of all final goods and services produced within a nation in a given year. A nation's GDP at purchasing power parity PPP exchange rates is the sum value of all goods and services produced in the country valued at prices prevailing in the United States.
This is the measure most economists prefer when looking at per-capita welfare and when comparing living conditions or use of resources across countries. The measure is difficult to compute, as a US dollar value has to be assigned to all goods and services in the country regardless of whether these goods and services have a direct equivalent in the United States for example, the value of an ox-cart or non-US military equipment ; as a result, PPP estimates for some countries are based on a small and sometimes different set of goods and services.
In addition, many countries do not formally participate in the World Bank's PPP project that calculates these measures, so the resulting GDP estimates for these countries may lack precision.
Per capita figures expressed per 1 population. This entry shows GDP on a purchasing power parity basis divided by population as of 1 July for the same year. Figures expressed per capita for the same year. GNI formerly GNP is the sum of value added by all resident producers plus any product taxes less subsidies not included in the valuation of output plus net receipts of primary income compensation of employees and prop.
This entry furnishes the annual percent change in consumer prices compared with the previous year's consumer prices. Population below poverty line: National estimates of the percentage of the population lying below the poverty line are based on surveys of sub-groups, with the results weighted by the number of people in each group.
Definitions of poverty vary considerably among nations. For example, rich nations generally employ more generous standards of poverty than poor nations. This entry records the cumulatiive total of all government borrowings less repayments that are denominated in a country's home currency. Public debt should not be confused with external debt, which reflects the foreign currency liabilities of both the private and public sector and must be financed out of foreign exchange earnings.
This entry contains the percent of the labor force that is without jobs. Substantial underemployment might be noted. The distribution gives the percentage contribution of agriculture, industry, and services to total GDP, and will total percent of GDP if the data are complete.
Agriculture includes farming, fishing, and forestry. Industry includes mining, manufacturing, energy production, and construction. Services cover government activities, communications, transportation, finance, and all other private economic activities that do not produce material goods.
This index measures the degree of inequality in the distribution of family income in a country. The index is calculated from the Lorenz curve, in which cumulative family income is plotted against the number of families arranged from the poorest to the ric Human Development Index: The human development index values in this table were calculated using a consistent methodology and consistent data series.
They are not strictly comparable with those in earlier Human Development Reports. International inbound tourists overnight visitors are the number of tourists who travel to a country other than that in which they have their usual residence, but outside their usual environment, for a period not exceeding 12 months and whose main purpose in visiting is other than an activity remunerated from within the country visited.
When data on number of tourists are not available, the number of visitors, which includes tourists, same-day visitors, cruise passengers, and crew members, is shown instead.
Sources and collection methods for arrivals differ across countries. In some cases data are from border statistics police, immigration, and the like and supplemented by border surveys.
In other cases data are from tourism accommodation establishments.America.
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An overview of US economy. The Economy of the Philippines is the 43rd largest in the world; according to World Bank statistics and it is also one of the emerging markets in the world; according to the CIA Fact book, the estimated GDP (purchasing power parity) was billion.
Indian economy is a good topic for research if one wants to investigate economy of the definite country. Students should focus on the research of this problem in order to learn something about the peculiarities of Indian economy and prepare a good term paper that will be accepted by their professor.
Essay on the Economy of India! The Indian economy is diverse and embraces a huge area including agriculture, mining, textile industry, manufacturer and a vast area of other services.
There is an enormous shift from what the economy used to be in the distant past. Indian economy is the third largest in the world, [ ].
Read this Business Essay and over 88, other research documents. Indian Economy. India got its independence on 15th August From there started the journey for a new India. India had a. impact of tourism on indian economy Tourism can generate maximum employment opportunity because of a large number of subsidiary industries.
September and a per cent growth in passenger traffic through September.