Gdp Of India For The Last 50 Years

gross domestic product Analysis 1950-60: From the period of 1951-57 the GDP ranged between 2-6% in a domineering note. Then there was a not bad(p) downfall from 5.58% in 1957to -0.43% in 1958. In 1958-59 there arose a severe foreign exchange crisis in India compelling the presidential term to seek foreign exchange collectable to this the agriculture range of mountains was badly affected and dropped by 9% , effort and talk field slashed by 8% and with a stripped change in the service sphere by 1%. 1961-70: thither was a fiscal deficit in the family 1966-67 payable to which there was a rapid fall in the GDP for consecutive two years. The GDP went into deep passing from 7.46% to -2.65%. The terra firma was badly affected in the field of agriculture. on that promontory was negative impact on labor and service area as well. The GDP of industry field has shown a grand decline in the value from 183062 crore in 1965 to 162848 crore in 1966, thereby falling almo st 11%. Since the agriculture domain contributes the report part of GDP, so the impact was seen. Industry and service welkin shown a exploitation rate of 4% and 3% respectively. In year 1968 there was a reform in the regime policies for agriculture sphere which result in a harvesting rate of 14%. GDP also reflected with a imperious trend of 7.83%.

1990-00: In 1991 there was an economic liberalization and due(p) to this economic reforms was reaffirmed by the government that came to the power. India’s primary sector accounted for 32.8% of GDP in 1991 which was because of good rainfall. The contrib ution of GDP of industry was 27.4% and servi! ce sector contribution was 39.8%, that was the major mark for this sector. 2001-08: on that point was a persistent growth in GDP for 3 years consecutively. The growth rate was approx 9-10% approx. We can see that uttermost contribution to GDP is from the service sector. In 2003 agriculture sector fallen to -7.24% which was mainly due to lowest rainfall in the past 100 years. India’s economy has been one of the stars of world-wide economics in...If you want to get a full essay, regulation it on our website: OrderCustomPaper.com

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