Economy and Income
                     
  



  

INDIAN ECONOMY

“The indian economy , the third largest economy
in the world in terms of PURCHASING

POWER, is going to touch new height in coming
years. According to global investment bank by
2035 india would be 3RD largest . Economy of

the work just after US and CHINA. It will
grow to 60% of size of the US. Economy”


  

Steps in Indian Economy 

● After india got independence from colonial rule in 1947, 
the process of rebuliding started various policies and 
schemes were formulated. 1 st 5 years plan came in to 
implemention in 1952. there 5 th year plan started by 
indian government, focused on the needs of the indian 
economy.

● Indias Economy is bound for slower growth. In recent 
months, indian government has introduced Pro business 
economic reforms and outlined plans to increase. 
Spending on capital investment and large scale social 
programs. In the first three months of 2013 the GDP 
growth slowed to 4.8% and it is likely to go down further 
due to weak Consuption , Capital, investment & decline 
government spending.


  

SECTORS OF THE INDIAN ECONOMY

● Primary Sector
● Secondary Sector
● Tertiary Sector
● Other Sectors

1.Organized Sector

2.Unorganized Sector:

3.Public Sector

4.Private Sector


  

Income and Consumption

● What is national income ?

I. National income measures the total value of 
goods and services produced within the 

economy over a period of time

II.National Income can be denoted in different 
ways with different meaning attached to it


  

Strengths of INDIAN 
ECONOMY

● India is well placed to benefit from globalization 
and outsourcing

● Demographics of India are favorable .
● There is much scope for increases in efficiency.


  

Problems faced in Indian 
Economy

● Inflation.
● Poor educational standard.
● Poor Infrastructure.
● Balance of payment deterioration
● High level of debt
● Large budget deficit
● Rigid labour laws


  

OUR FINAL NOTE:

● If these problems are solved then the future for 
India looks bright, India might well become one 
of the superpowers of the 21 st Century. India-

● A country with Potentials for ‘sustaining’ 
development!!