EduLadder(ELADR) - CRYPTO

This is designed to incentify community members as a proof of contribution token.


Using this You can,Buy courses,Reward others and exchange for real money.


WHITE PAPER COURSES

Real Problems! Real Experts!

Join Our Telegram Channel !


The Eduladder is a community of students, teachers, and programmers just interested to make you pass any exams. So we help you to solve your academic and programming questions fast.
In eduladder you can Ask,Answer,Listen,Earn and Download Questions and Question papers.
Watch related videos of your favorite subject.
Connect with students from different parts of the world.
Apply or Post Jobs, Courses ,Internships and Volunteering opportunity. For FREE
See Our team
Wondering how we keep quality?
Got unsolved questions? Ask Questions

TYBA---Economics-Paper---V---Growth--Development-Eng-University-of-mumbai-notes-->View question


Asked On2017-06-07 08:30:22 by:scribed

Taged users:
RajivSajiMukalelAmitnbvtunotesbysreevijayvJhonVineshnikhil43874Nikhil-bharadwajdebikadebnath

Likes:
Be first to like this question

Dislikes:
Be first to dislike this question
Talk about this  Like  Dislike
View all questions
Answers

The 67-years of independence have seen many changes in the socio-economic landscape of Asia's third largest economy.

During the decades that followed the colonial rule, India's economy, in absolute terms, has expanded to Rs 57 lakh crore from mere Rs 2.7 lakh crore and the nation's foreign exchange reserves have crossed $300 billion, giving the economy firepower to fight external shocks.

Even as the country has progressed in laying out the basic framework to take the economy to high growth path by building roads and ports and ramping up the food grain production, a fast growing population and infrastructure woes demand more work to be done on multiple fronts.

Here is a look at the key macro indicators of the nation's economy fromindependence till now:

GDP

India's GDP, in absolute numbers, has grown from a mere Rs2.7 lakh crore to Rs57 lakh crore in 67 years of indpendence.

Annual growth of GDP (In %)

Economic growth surged to near double-digit levels between 2005-06 to 2007-08 compared with anaemic growth in the early years post indpendence. The growth has slowed to sub-5 percent levels in the last two financial years hit by slowdown in global and domestic economies and in the absence of much needed growth oriented reforms.

Gross domestic savings as % of GDP

Gross domestic savings of Indians, as a percentage of GDP, has grown over the decades to touch a high of 36.8 percent of GDP in fiscal year 2008, but the ratio has steadily declined after that to 30 percent in fiscal year 2013, causing concern to the policymakers.

Foodgrain production

India's food grain production has more than doubled over the decades that followed colonial rule to a record 264 million tonnes in the fiscal year 2014. But, to feed the fast growing population, with more than a quarter of them still estimated to be below the poverty line, the country needs to produce more.

Roads

Post independence, the country has progressed significantly in building roads to connect its cities with its hinterland, but given that poor infrastructure is a major concern for India, the country needs a wider road network to carry the fruits of growth to far-flung villages.

Forex reserves

The nation's foreign exchange reserves have grown to over $ 300 billions from a mere $ 2 billion at the time of independence. Strong foreign exchange reserves have given the economy more fire power to withstand external shocks compared. In January 1991, India had to pledge 67 tonnes of gold to International Monetary Fund after the country's forex reserves plunged to a mere $ 1.2 billion, just enough to finance three weeks of essential imports.


Answerd on:2017-06-07 Answerd By:13priya

Likes:
Be first to like this answer

Dislikes:
Be first to dislike this answer
Talk about this  Like  Dislike

You might like this video:Watch more here

Watch more videos from this user Here

Learn how to upload a video over here



Lets together make the web is a better place

We made eduladder by keeping the ideology of building a supermarket of all the educational material available under one roof. We are doing it with the help of individual contributors like you, interns and employees. So the resources you are looking for can be easily available and accessible also with the freedom of remix reuse and reshare our content under the terms of creative commons license with attribution required close.

You can also contribute to our vision of "Helping student to pass any exams" with these.
Answer a question: You can answer the questions not yet answered in eduladder.How to answer a question
Career: Work or do your internship with us.Work with us
Create a video: You can teach anything and everything each video should be less than five minutes should cover the idea less than five min.How to upload a video on eduladder