Indian economy & Sectorial Contribution In GDP

PRESENTED BY:- AMMAR DALVI

K . J . SOMAIYA COLLEGE OF ARTS & COMMERCE DEPARTMENT OF ECONOMICS

INDIA

SIZE 3,287,263 KM

POPULATION 1.2Billion

GDP $1.824 Trillion

GDP/PER CAPITA $1,491

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.

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%

SECTOR WISE CONTRIBUTION IN GDP

AGRICULTURAL

INDUSTRIAL

SERVICE

17.40%

24.80%56.90%

SECTORAL COMPO-SITION OF GDP

(2012)

AGRI-CUL-TURALINDUSTRIAL

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

0

10000

20000

30000

40000

50000

60000

70000

80000

2240 2938 689 1235

68596

1169 510

AVERAGE YEILD 2010-11 KG PER HECTARE

AVERAGE YEILD 2010-11 KG PER HECTARE

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.

LACKS STORAGE FACILITYIt Causes spoilage of 30% of farmers produce.Forces farmers to sell at lesser prices.

UNORGANISED RETAILFarmers gets just 10 to 30% of priceWhile farmers from usa and Europe gets 60 to 81.It is assumed that India's 90% of retail market is unorganized.

POOR IRRIGATION SYSTEMIt causes crop failures in some parts of country.Delays in crop.Heavy loss to farmers.

FDI IN RETAIL.It will help in creating good infrastructure.Farmers will get good price.Better storage availability.

STEPS TAKEN FOR BETTERMENT.

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.

TEXTILEIs the 2nd largest source of employment after agriculture.

providing employment to over 20 million people.

MAJOR INDUSTRIES

RETAILContributes 14% to 15% in GDP Estimated to be $450 billionFastest emerging market

SERVICE SECTOR

India is 13th in services output. The services sector provides employment to 27%

MAJOR CONTRIBUTOR OF SERVICE SECTORInformation technologycontributing to 25% of the country's total exports in 2007–08.7 Indian firms among top 15 IT outsourcing company.

Business process outsourcing

Contributes 1% of GDP.Employing 2.1 million people.Annual revenue of 11 Million.

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.

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.

Thank You.