The Indian Economy
What was India's GDP in 2013?
1.88 trillion, 10th in the world
What was the growth rate in 2010?
10.3
What place was India in the world bank's doing business report?
134
What is the per capita income in India?
1499
What percent of the worlds population does India have?
17
Life of Ghandi, Life of Nehru
1869-1948, 1889-1964
When did Ghandi return from S. Africa?
1915
When did Japan reach middle income status?
1950s
When did the French and Portuguese give up their claims in India
1954, 1961
When was the 1st gulf war launched?
1990
How much does it contribute today?
2.5
How much of India's population does Services employ and how much of the GDP does it produce?
20%, 57%
When did economic growth decelerate sharply?
2011
When will India surpass China as the world's most populous nation?
2028
How much of the worlds economic input did India contribute before the british?
24%
Per capita income in Korea?
25,997
How much of India's population does Industry employ and how much of the GDP does it produce?
31%, 26%
What percent of Indian graduates are ready to enter the workforce?
34
What was the growth rate in 2012 and 2013?
4.9
How much of Vietnam's GDP do services contribute?
43%
How much of Thailand's GDP do services contribute?
45%
How much of China's GDP do services contribute?
46%
How much of India's population does Agriculture employ and how much of the GDP does it produce?
49%, 17%
How much of Malaysia's GDP do services contribute?
50%
Per capita income in Thailand?
5779
How much of India lives on less than $2 a day? (2010)
68.8%, 850 million people
Per capita income in China?
6807
How much of the German GDP do services provide?
69%
How much of the US & UK GDP do services contribute?
79%
In 1983 what percent of Indians lived on less than $2 a day? And how much has the rate been reduced?
84.8, 16%
In Nehru's economy, what was reserved for small businesses?
Basic industries like textiles and handicrafts
In Nehru's economy, what was reserved for the government?
Heavy Industry
What provides basic healthcare, education, and nutrition for children and when was it launched?
Integrated Child Development System, 1975
What guarantees 100 days paid employment per year to one member of every rural household and when was it introduced?
MGNREGA, 2005
When was India's newest government elected?
May 2014
What provides a meal for children at primary schools and when was it launched?
Mid-Day Meal Scheme, 1995
Foreign investment?
Nope. The government encouraged local versions of these businesses instead
What does the "Doing Business" report look at?
Number of permits needed to start a business, the strength of the legal system, and timelines of approvals
What is a system of purchase of food grains by the govt. and when was it launched?
Public Distribution System, 1939
What has made it difficult for businesses to plan for the future with any certainty?
Regulators react quickly to problems in the market, creating an unstable regulatory environment
What did the 1999 reforms include?
Selling off govt owned companies, breaking govt monopolies, and building India's first national highway system
Who loaned India currency in exchange for liberalizing reforms?
The IMF
What did the 1991 reforms include?
devaluing the rupee, removing production quotas, opening new sectors to foreign trade and investment
What does the category of Agriculture include?
farming, fisheries, livestock, and related activities
Why does India's services economy do well?
it relies less on infrastructure, and suffers less from government regulation because it is newer
What is the traditional means by which a developing country can reach middle income status?
manufacturing
What does the category of Industry include?
manufacturing, extraction of natural resources i.e. mining, logging, and hydrocarbons like oil and gas
What does the category of Services include?
retailing, transportation, information technology, construction, telecommunications, education, governance, defense, financial services, medical and legal services
