Macroeconomics which is a branch of economics dealing with the performance, structure, behaviour, and decision-making of an economy as a whole, rather than individual markets, is considered to be tough subject for students who are preparing for competitive exams. This is the 1st Volume of DID YOU KNOW: Indian Macroeconomics Made Easy which will uncover some interesting and not so known facts about Indian Macroeconomics which took Indian economy to what it is today. This edition specifically unveils the facts from 1999-2013.
2. Introduction
Macroeconomics which is a branch of economics dealing with the
performance, structure, behaviour, and decision-making of an economy as a
whole, rather than individual markets, is considered to be tough subject for
students who are preparing for competitive exams. This is the
1st Volume of DID YOU KNOW: Indian Macroeconomics Made Easy which
will uncover some interesting and not so known facts about Indian
Macroeconomics which took Indian economy to what it is today. This edition
specifically unveils the facts from 1999-2013.
This edition will help you analyse the macroeconomics problems faced in
India and compare the worst period of Indian economics with the golden
period and will also help students who are preparing for competitive exams
like UPSC, Bank, Defence or other government jobs.
The stats used in this edition were verified from the latest government
reports and we have tried to maintain the accuracy of facts. However, feel
free to suggest changes if any discrepancy in facts is observed.
Volume: 1
1999-00 to 2013-14
2
3. Index
S.No.
Content
Slide No.
1
Consumption demand
5
3
Public Consumption
6
4
Gross Fixed Capital Formation
7
5
Capital Formation
8
6
Gross Domestic Savings
9
7
Exports
10
8
Trade Deficit
11
9
Current Account Deficit
12
10
1999-00 to 2013-14
4
2
Volume: 1
Real Gross Domestic Product
Forex Exchange
13
3
4. Volume: 1
1999-00 to 2013-14
3.99 %
India's Real GDP Growth
Rates were recorded lowest
during 2002-2003
9.57 %
India's Real GDP Growth
Rates were recorded highest
during 2006-2007
Real Gross Domestic Product measures the value of all the goods and services produced expressed in the prices
of some base year.
4
Source: planningcommission.com
5. Volume: 1
1999-00 to 2013-14
9.3 %
2.3 %
India's
Consumption
by
Demand (%YoY) Growth Rates
were recorded lowest during
2002-2003
India's
Consumption
by
Demand (%YoY) Growth Rates
were recorded highest during
2007-2008
Consumption demand represents the demand for goods and services by individuals and households in the economy.
5
Source: planningcommission.com
6. Volume: 1
1999-00 to 2013-14
-0.4 %
India's Public Consumption by
Demand (%YoY) Growth Rates
were recorded lowest during
2002-2003
13.9 %
India's Public Consumption by
Demand (%YoY) Growth Rates
were recorded highest during
2009-2010
Public Consumption is the value of goods and services individuals receive through the public sector.
6
Source: planningcommission.com
7. Volume: 1
1999-00 to 2013-14
0.0 %
India's GFCF by Demand
(%YoY) Growth Rates were
recorded lowest during 20002001
20.7 %
India's GFCF by Demand
(%YoY) Growth Rates were
recorded highest during 20042005
Gross Fixed Capital Formation is measured by the total value of a producer's acquisitions, less disposals of fixed
assets plus certain additions to the value of non-produced assets realised by the productive activity of institutional
units.
Source: planningcommission.com
7
8. Volume: 1
1999-00 to 2013-14
38.11 %
22.3 %
India's Capital Formation
consumption (% of GDP)
were recorded lowest during
2001-2002
India's Capital Formation
consumption (% of GDP)
were recorded highest during
2007-2008
Capital Formation describes net capital accumulation during an accounting period.
8
Source: planningcommission.com
9. Volume: 1
1999-00 to 2013-14
36.82 %
22.9 %
India's GDS (% of GDP) were
recorded lowest during 20012002
India's GDS (% of GDP) were
recorded highest during
2007-2008
Gross Domestic Savings are calculated as GDP less final consumption expenditure (total consumption).
9
Source: planningcommission.com
10. Volume: 1
1999-00 to 2013-14
-1.6 % at
44.7 Bn US $
India's Exports (US $ bn)
recorded lowest drop during
2001-2002
40.4 % at
256.2 Bn US $
India's Exports (US $ bn)
recorded highest growth
during 2010-2011
Exports is a function of international trade whereby goods produced in one country are shipped to another country
for future sale or trade.
10
Source: planningcommission.com
11. Volume: 1
1999-00 to 2013-14
-10.7 %
India's Trade Deficit (US $ bn)
was recorded highest during
2002-2003
-195.7 %
India's Trade Deficit (US $ bn)
was recorded lowest during
2012-2013
Trade Deficit is the amount by which the cost of a country's imports exceeds the value of its exports.
11
Source: planningcommission.com
12. Volume: 1
.
1999-00 to 2013-14
14.1 %
India's
Current
Account
Deficit (US $ bn)
was
recorded highest during
2003-2004
-88.2 %
India's Trade Deficit (US $ bn)
was recorded lowest during
2012-2013
Current Account Deficit is the sum of the balance of trade (i.e., net revenue on exports minus payments for imports),
factor income (earnings on foreign investments minus payments made to foreign investors) and cash transfers
12
Source: planningcommission.com
13. Volume: 1
1999-00 to 2013-14
35.1
299.1
India's Foreign Exchange (US
$ bn) was recorded lowest
during 1999-2000
India's Trade Deficit (US $ bn)
was recorded highest during
2007-2008
Forex Exchange is a global decentralized market for the trading of currencies.
13
Source: planningcommission.com
14. Indian
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