Category

Oct  19, 2022

Economy Simplified

Basic of Economy 

White Lightning

India’s GDP Growth Rate 13.5% : Will Leave a Mark on the World for Years?

White Lightning

India’s GDP Growth Rate 13.5% 

-On 31st August 2022 National Statistical office published india’s GDP figure for the first quarter of year 2022-23

White Lightning
White Lightning

 -GDP is the total value of goods produced and services provided in a country during 1 year.

 What is GDP according to the dictionary?

White Lightning
White Lightning

How is GDP calculated?  

-Total production in a year plus taxes minus subsidies. -If sometimes taxes are increased or subsidies are increased it affects the GDP of a country.  

White Lightning
White Lightning

What is happening in these 3 sectors in India

-consumption plays a major role in  economy of India. - Internet connection which is easily available nowadays increasing  consumption . 

White Lightning
White Lightning

The first segment 

-In the first quarter of financial year 2019-20 the GDP of this segment was 630 860 crores and in the first quarter of your 2022 to 23 the GDP is 559723 crores.

White Lightning
White Lightning

Growth was 16.8% in construction sector in the year 2022-23

-In the year 2021-22 the growth was 71.3%. -16.8% growth was given to construction by government expense which means infrastructure. 

White Lightning
White Lightning

India is trying to increase  rate of manufacturing in India

-Year 2019-20 first quarter was 578000 crores. - Year 2022-23 it is 605000 crores . 

White Lightning
White Lightning
White Frame Corner
White Frame Corner

* Economy Simplified Articles are published for Educational purpose please be careful before Investing