The Indian Economy

Ace your homework & exams now with Quizwiz!

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


Related study sets

NUR 304 Chapter 46 Concepts of Care for Patients with Oral Cavity and Esophageal Conditions

View Set

Chapter 20: Heart and Neck Vessels

View Set

1c) Ethical Theories - Kantian Ethics

View Set

Leadership NCLEX practice questions

View Set

Lewis SG Ch 35 - Nursing Management: Heart Failure

View Set

anatomy and Physiology I chapter 9 (text/assesment questions + prelab/lab

View Set