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The Indian Economy: How to Achieve Production Output

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Kaplan Higher Education Institute

   

Added on  2020-04-21

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ECONOMICS ECONOMICS ECONOMICS 0 0 Economics Name of the Student Name of the University Authors Note Course ID Introduction: 2 GDP growth rate and Performance Trends of India: 2 GDP Per capita: 4 Real GDP growth rate: 5 Government measure to achieve production output: 5 Labour Market Analysis: 6 Definition of Unemployment and types of unemployment: 7 Types of Unemployment in India: 7 Measures to achieve full employment in India are as follows: 8 Price level Analysis: 9 Inflation trend based on

The Indian Economy: How to Achieve Production Output

   

Kaplan Higher Education Institute

   Added on 2020-04-21

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Running head: ECONOMICS0EconomicsName of the StudentName of the UniversityAuthors NoteCourse ID
The Indian Economy: How to Achieve Production Output_1
Running head: ECONOMICSTable of ContentsIntroduction:...............................................................................................................................2GDP growth rate and Performance Trends of India:.................................................................2GDP Per capita:..........................................................................................................................4Real GDP growth rate:...............................................................................................................5Government measure to achieve production output:.................................................................5Labour Market Analysis:............................................................................................................6Definition of Unemployment and types of unemployment:......................................................7Types of Unemployment in India:.............................................................................................7Measures to achieve full employment in India are as follows:..................................................8Price level Analysis:...................................................................................................................9Inflation trend based on inflation rate:.......................................................................................9Inflation and causes of inflation:................................................................................................9Demand pull inflation causes:..................................................................................................10Cost push Inflation:..................................................................................................................10Causes of inflation in India:.....................................................................................................10Government measures to achieve price stability:.....................................................................11Conclusion:..............................................................................................................................11Reference List:.........................................................................................................................12
The Indian Economy: How to Achieve Production Output_2
Running head: ECONOMICSIntroduction:Indian economy is considered as the developing mixed economy and the economy ofIndia is ranked sixth largest in the world in terms of the nominal GDP and third largest interms of the purchasing power parity. India is ranked at 141st place in respect of the per capitaGDP with $1723 and ranked 123rd in terms of the PPP with $6,646 by the year 2016(Malhotra, 2014). The long term perspective of growth in India is positive because of therising population in correspondence to the low dependence ratio with healthy rate of savingsand rate of investment with rising integration in the international economy.Production output performance analysis:Real GDP: The real GDP is defined as the macroeconomic measurement of the value ofeconomic output adjusted with the price changes such as inflation or deflation (Sriram &Venkatraja, 2014). The adjustment translates the value of money measurement, nominal GDPinto the index for quantity of total output. Real GDP Growth Rate: The real GDP growth rate can be defined as the rate on which theGDP of the country changes or grows from one year to another year (Aggarwal, 2015). GDPrepresents the value of market of all the goods and services produced in the country duringthe specific time period. Real GDP Per Capita: Real GDP per capita represents the measurement of a nation’seconomic output which accounts for the population (Coale & Hoover, 2015). It divides thenation’s gross domestic product by the total population. This makes the best measurement ofthe nation’s standard of living.
The Indian Economy: How to Achieve Production Output_3
Running head: ECONOMICSGDP growth rate and Performance Trends of India:The GDP of India increased by 1.40 per cent in the second quarter of 2017. The GDPgrowth rate of India averaged approximately 1.67 percent from the year 2006 to 2017 and theGDP of India reached a highest of 6.20 percent in the second quarter of 2009 and alsorecorded a relatively lower GDP of (2.30) percent during the first quarter of 2009(Tradingeconomics.com, 2017). For India, the growth rate in GDP takes into the account thechange in the seasonally adjusted value of the goods and service produced by the economy ofIndia throughout the quarter. India is considered as the world’s tenth largest economy and themost popular. The economy of India has expanded by 7.2 per cent during the year 204-15 and by 7.6per cent in the year 2015-16 which appears significant. Considering the performance trend ofIndia the country has emerged as the fastest rising major economy and provides a safe havenfor long term growth because of the improved macroeconomic situation. The GDPperformance in respect of the 2015-16 from the demand side comprised of the consumption,investment and net exports. The private consumption experienced a rise of 7.6 per cent in2015-16 in comparison to the 6.2 per cent attained in the year 2014-15 reflecting a risingtrend of increasing demand. The fixed capital formation of India increased by 5.3 per cent in 2015-16 incomparison to the 4.9 percent attained in 2014-15. However, the Indian economy GDPgrowth unexpectedly slowed down to 6.1 percent in first quarter of 2017 slowing downsuddenly from the 7% rise in the earlier period below the market anticipation of 7.1%(Tradingeconomics.com, 2017). The slowing growth is due to slower consumer spendingwith a drop in investment because of the demonetization in November 2016 that removed86% of the Indian currency in movement.
The Indian Economy: How to Achieve Production Output_4

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