Economic Crisis | Indian GDP Growth | Economic Growth

BUY INDIAN TO BE INDIAN

Each and every single individual is responsible for economic growth and economic crisis. We can do any thing against a foreign company which is doing business in our country. Bust at least we can use an alternate product of foreign goods and services which are manufactured by our country. By this we can increase few % of the Indian GDP. Right now we can see what the condition of the Indian rupee in the market place is.

Even you can see several times people are saying that they are not believing in Indian company products, Services. And they are very happy & satisfied with foreign products and services even paying more money. So think if you are doing the same thing then what will happen to the economy. This will affect country economic growth. Because we are increasing foreign currency market value and decreasing Indian rupee value against dollar.In India there is no rule or regulation regarding the investment of foreign company in the Indian market and also not a restriction on buying foreign goods. Overseas knows that Indian people are very fun loving and ready to buy anything whether it is good quality or bad.

According to my opinion there should be a limitation on buying and also an investment, that we can buy this much % of foreign products. The government should make a law to regulate these things. We can also manage this by a few steps. Always buy the product which is manufactured by country. I am not saying that you have to change your life style but at least you can buy alternative products against foreign goods.

YOU CAN MAKE A HUGE DIFFERENCE TO THE INDIAN ECONOMY BY FOLLOWING FEW SIMPLE STEPS:-

LIST OF PRODUCTS	Use	Do Not use
BATHING SOAP:-	USE CINTHOL & OTHER GODREJ BRANDS, SANTOOR, WIPRO SHIKAKAI, MYSORE SANDAL, MARGO, NEEM, EVITA, MEDIMIX, GANGA, NIRMA BATH & CHANDRIKA	INSTEAD OF LUX, LIFEBUOY, REXONA, LIRIL, DOVE, PEARS, LESANCY, CAMAY, PALMOLIVE You know Lifebuoy is a Dog bath Soap.
SHAMPOO:-	USE LAKME, NIRMA, VELVETTE	INSTEAD OF HALO, ALL CLEAR, NYLE, SUNSILK, HEAD AND SHOULDERS, PANTENE
TOOTH PASTE:-	USE NEEM, BABOOL, PROMISE, VICO VAJRADANTI, PRUDENT, DABUR PRODUCTS, MESWAK	INSTEAD OF COLGATE, CLOSE UP, PEPSODENT, CIBACA, FORHANS, MENTADENT.
Food Items:-	Eat Tandoori chicken, Vada Pav, Idli, Dosa, Puri, Uppuma	INSTEAD OF KFC, MACDONALD'S, PIZZA HUT, A&W
COLD DRINKS	DRINK LEMON JUICE, FRESH FRUIT JUICES, CHILLED LASSI (SWEET OR SOUR), BUTTER MILK, COCONUT WATER, JAL JEERA, ENERJEE, and MASALA MILK...	INSTEAD OF COCA COLA, PEPSI, LIMCA, MIRINDA, SPRITE
TOOTH BRUSH: -	USE PRUDENT, AJANTA , PROMISE	INSTEAD OF COLGATE, CLOSE UP, PEPSODENT, FORHANS, ORAL-B
SHAVING CREAM:-	USE GODREJ, EMAMI	INSTEAD OF PALMOLIVE, OLD SPICE, GILLETE

I know that you can not give your 100% but at least you can try for 25%.

PLEASE keep in mind: POLITICAL FREEDOM IS USELESS WITHOUT ECONOMIC INDEPENDENCE

 "LITTLE DROPS MAKE A GREAT OCEAN."

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How we can Increase Indian Economy | Economy Of India

How we can increase our country Economy

Undoubtedly one individual could have an impact on the world economy or the country's economy but that individual should be the richest person in the world it is not necessary. No doubt richest man spends large quantities of money freely. The richest individuals and businesses are just sitting on their money because they do not know how we can spend their money by which they can increase economy of the country and some types they spend on buying foreign goods and services without knowing whether its increasing country wealth or foreign country wealth. Most of the time richest person blocking the money usually they kept their money in cash in their home.

I believe that every single person can grow country economy. If you are rich then you spend your money to help local economies get healthier and stay in business. Consumer spending leads to more demand, which means more production, which means more jobs and investment, which means the government gets more tax revenue that can be turned back into the economy.

Our economy is not only in the hands of big business and government; you cannot blame only these two components of our decreasing economy. Because every single person is responsible for it. Most of time people saying that our government is not doing anything but just think who make government?

Even I see several people are not How going to give their vote at the time of election. After result they start discussing about that our government is not good. Every single one wants to buy goods which are manufactured by foreign companies or other country; they think that they are showing royalty in market or in between their neighbors.

Holidays and celebrations should be local. Hold up your own state otherwise region first. Pay out your hard earned money on something that will effect in the person taking that money plus spending it right in your own neighborhood. Buy first country goods and products.

The INDIAN economy is in a crisis and if we do not take suitable steps to control those, we will be in a critical situation. We can make a huge disparity to the Indian economy by following few simple steps.

Just think if you do not believe our country manifested goods and offered services then how can others believe. So at least first you buy products are made in your country. They are small steps but they are the right steps.

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GDP | GNP | Indian Economy | Current Economy |

• GDP explains 'Gross Domestic Product'

         GDP = C + G + I + NX

"C" is equal to all private consumption, or consumer spending, in a nation's economy

"G" is the sum of government spending

"I" is the sum of all the country's businesses spending on capital

"NX" is the nation's total net exports, calculated as total exports minus total imports. (NX = Exports - Imports)

GDP is defined as total market value of all final goods and services produced within a country in a specific period of time, though GDP is usually calculated on an annual basis. GDP is commonly used as an indicator of the economic health of a country, over and above to measure a country's standard of living. It comprises all of private and public consumption, government outlays, investments and exports less imports that occur within a defined territory. GDP is like a price tag on a country's output, and it measures the size of the economy.

 In 2012, India’s GDP was worth 1841.70 billion US dollars, which is 2.97 % of the world economy, reported by the World Bank Group. Each initial GDP report will be revised twice before the final figure is settled upon. Significant revisions to the advance number can cause additional ripples through the markets. The GDP numbers are reported in two forms: current dollar (GDP is calculated using today's dollars makes comparisons between time periods difficult because of the effects of inflation) and constant dollar (Constant dollar GDP solves this problem by converting the current information into some standard era dollar).

• Gross National Product (GNP)

It is important to differentiate Gross Domestic Product from Gross National Product (GNP). Gross National Product represents the total market value of all finished goods & services produced in a year by a country's residents - whether within the country or outside.

Gross National Product represents the total market value of all finished goods & services produced in a year by a country's residents - whether within the country or outside. To see how the nationals of a country are doing economically.

• GDP on a PPP(purchasing power parity) basis

When comparing GDP levels crosswise countries, the standard metric is to evaluate per capita GDP - GDP per individual - which is an open approximation of income per individual in each country. to facilitate this comparison, all GDP data in respective currencies is re-stated in a single currency - the US dollar and is divided by the population of the country. India's GDP per capita is thus pegged at $ 1,704. This means that on average, an Indian earns $ 1,704 in a year - or Rs. 93,720 (1 US$ = Rs.55).

If your currency in the international markets depreciates due to a current account deficit or other factors, it may not necessarily mean you became correspondingly poorer in terms of your ability to buy your daily goods and services, most of which are produced locally and are thus less influenced by currency movements.

Comparison between US states and countries' nominal                 Gross Domestic Product 2012

Country	NOMINAL GDP    2012	Agriculture	Industry	Services
World	71,707,302	5.90%	30.50%	63.60
USA	15,684,750	1.2	19.1%	79.7%
China	8,227,040	10.10	45.3%	44.6%
Japan	5,963,969	1.2%	27.5%	71.4%
Germany	3,400,579	0.8%	28.1%	71.1%
France	2,608,699	1.9%	18.3%	79.8%
U K	2,608,699	1.9%	18.3%	79.8%
Brazil	2,395,968	5.4%	27.4%	67.2%
Russia	2,021,960	3.9%	36%	60.1%
Italy	2,014,019	2%	24.2%	73.8%
India	18,24,832	17.00%	18%	65.00%
Canada	1,819,081	1.8%	28.6%	69.6%
Australia	1,542,055	4%	26.6%	69.4%
Spain	1,340,266	3.3%	24.2%	72.6%

                                                                                                                                                                                                               

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Economy: Indian Economy after and Before Indipendence

Ancient Indian Economy

India History of Economy begins with the Indus valley civilization between the eras of 3500BC to 1800 BC. At that time economy depend upon the trade which was facilitated by advances in transport. Its citizens practiced  agriculture, domesticated animals, made sharp tools and weapons from  copper,  bronze and  tin and traded in terracotta pots, beads, gold and silver, colored gem stones such as turquoise and lapis lazuli, metals, flints, seashells and pearls. They used to ships to reach Mesopotamia where they sold gold, copper and jewellery. The period was marked by intensive trade activity and urban development.

During Maurya  Empire (c. 321 -185 BC) united most of the  Indian subcontinent. The political unity and military security allowed for a common economic system and enhanced trade and commerce, with increased agricultural productivity. The empire spent considerable resources building roads and maintaining them throughout India. The improved infrastructure combined with increased security, greater uniformity in measurements, and increasing usage of coins as  currency enhanced trade. Between 1st and 17th centuries AD, India is estimated to have had the largest economy of the ancient and medieval world, controlling between one third and one fourth of the world's wealth.

During the  Mughal period (1526–1858 AD) India experienced unprecedented prosperity in history. The gross domestic product of India in the 16th century was estimated at about 25.1% of the world economy.

GDP in Millions of 1990 International Dollars

Years	1000AD	1500 AD	1600 AD	1700 AD
India	33,750	60,500	74,250	90,750
China	26,550	61,800	96,000	82,800
West Europe	10,165	44,345	65,955	83,395
World Total	116,790	247,116	329,417	371,369

British rule

The British East India Company, whose political power gradually expanded in India from 1757 onwards, used huge revenue generated by the provinces under its rule for purchasing Indian raw materials, spices and goods. Thus the continuous inflow of bullion that used to come into India on account of foreign trade stopped altogether. The Colonial government used land revenue for waging wars in India and Europe leaving little for development of India. In short span of 80 years (1780-1860 AD) under Colonial rule, India changed from being an exporter of processed goods for which it received payment in  bullion; to being an exporter of  raw materials and a buyer of  manufactured  goods. More specifically, in the 1750s, mostly fine cotton and silk was exported from India to markets in Europe, Asia, and Africa; by 1850s raw materials, which chiefly consisted of raw cotton, opium, and indigo, accounted for most of India's exports.

After that India's share of the world income went from 27% in 1700 AD (compared to Europe's share of 23%) to 3% in 1950.

INDIA AFTER INDEPENDENCE

1950-1979

After India got independence from colonial rule in 1947, the process of rebuilding the economy started. India went for centralized planning. The Five Year Plans which successfully transformed erstwhile USSR were made a tool for development. First five year plan for the development of Indian economy came into implementation in 1952.

Sectors	Percentage Share in GDP in
	1950-51	2011-12
Primary Sector	59.0	16.1
Secondary Sector	13.0	24.9
Tertiary sector or Service Sector	28.0	59.0

India’s share in world output is projected to jump from 5% as of today to 20.8% by 2040 as per one estimate.

INDIAN ECONOMY – FUTURE PROSPECTS:

India’s share in world output is projected to jump from 5% as of today to 20.8% by 2040 as per one estimate.

World Economy: Future Economic Power Shifts (2008-2040)

(% Share of World GDP in PPP)

	2008	2014	2020	2030	2040
Germany	4.2	3.8	3.4	2.8	2.3
USA	20.4	19.2	17.6	15.3	13.9
Japan	6.2	5.6	4.7	3.7	2.9
China	11.3	16.3	22.2	30.9	37.4
India	4.9	6.3	8.5	14.3	20.8

This future Prospect provide by Indian Government

 

Lekin kya apko lagta hai ki sach me aisha hoga?

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