Macro-economic analysis plays an important part in understanding the country's economy.
Here is an analysis of the crucial macro-economic indicators that drive India's economy:
1. GDP Growth
2. Financial markets
3. Inflation
4. Exchange rates
5. Industrial production
6. Interest rates
7. Commerce
GDP helps in measuring the merchandises and services manufactured within a country during a fiscal year. As of 2011, India's Nominal GDP is $1.676 trillion and is ranked 11th in the world. India's GDP (PPP) is $4.515 trillion and is ranked 3rd in the world. The country's GDP growth is 6.5% for the fiscal year 2012 and the GDP per capita is $1,388. The GDP for agriculture is 17.2%, whereas for services industry it is 56.4%.
The Indian financial market provides different financial products for fulfilling the monetary needs of different users. It helps in mobilising the savings of the economy. The Indian Financial markets provide different types of bonds, mutual funds and stock options to promote economic growth.
Inflation rate provides a comparison point for general price hikes against the basic buying capability. As of June 2012, India's Inflation rate is 7.25% and yearly average gross salary of an individual is $1,410. For the last 43 years, India's Inflation Rate has averaged 8%.
A significant portion of India's import expense is oil. Hike in oil price reduces value of Indian Rupee.
Below factors influence Indian Rupee:
1. Price of Oil
2. Economic data indicators
3. Interest rate changes
4. Policy changes
5. War and Natural disasters
In May 2012, India's Industrial Output increased by 2.4%. For the last 18 years, the Industrial Production has averaged 7.35%. It had reached an all-time low figure of -7.2 % during the recession in 2009.
India's major trades include software, cement, textiles, chemicals, food processing and steel.
Due to a lot of economic reforms, India is emerging as one of the global powers. Some experts believe that India's GDP will rise to 11% by 2025. This would make India one of the top 3 economies in the world.
http://expertscolumn.com/users/samprad78
All copyrights reserved by Sameer Devalekar
Here is an analysis of the crucial macro-economic indicators that drive India's economy:
1. GDP Growth
2. Financial markets
3. Inflation
4. Exchange rates
5. Industrial production
6. Interest rates
7. Commerce
GDP helps in measuring the merchandises and services manufactured within a country during a fiscal year. As of 2011, India's Nominal GDP is $1.676 trillion and is ranked 11th in the world. India's GDP (PPP) is $4.515 trillion and is ranked 3rd in the world. The country's GDP growth is 6.5% for the fiscal year 2012 and the GDP per capita is $1,388. The GDP for agriculture is 17.2%, whereas for services industry it is 56.4%.
The Indian financial market provides different financial products for fulfilling the monetary needs of different users. It helps in mobilising the savings of the economy. The Indian Financial markets provide different types of bonds, mutual funds and stock options to promote economic growth.
Inflation rate provides a comparison point for general price hikes against the basic buying capability. As of June 2012, India's Inflation rate is 7.25% and yearly average gross salary of an individual is $1,410. For the last 43 years, India's Inflation Rate has averaged 8%.
A significant portion of India's import expense is oil. Hike in oil price reduces value of Indian Rupee.
Below factors influence Indian Rupee:
1. Price of Oil
2. Economic data indicators
3. Interest rate changes
4. Policy changes
5. War and Natural disasters
In May 2012, India's Industrial Output increased by 2.4%. For the last 18 years, the Industrial Production has averaged 7.35%. It had reached an all-time low figure of -7.2 % during the recession in 2009.
India's major trades include software, cement, textiles, chemicals, food processing and steel.
Due to a lot of economic reforms, India is emerging as one of the global powers. Some experts believe that India's GDP will rise to 11% by 2025. This would make India one of the top 3 economies in the world.
http://expertscolumn.com/users/samprad78
All copyrights reserved by Sameer Devalekar
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