Gross domestic product{GDP} of india

1st slide: Introduction to GDP Gdp stands for gross domestic product. Gross domestic product (GDP) refers to the market value of all final goods and services
produced within a country in a given period.

GDP per capita is often considered an indicator of a country's standard of living. It comes undet macroeconomics. The GDP of a country reveals how much production is going on in the country and the money being made off of that production.

2nd slide: methods for calculating GDP

GDP can be determined in three ways. They are:-

1. the product (or output) approach, 2. the income approach, and 3. the expenditure approach.
All the methods gives the same result.

3rd slide: the product (output) approach

The most direct of the three is the product approach, which sums the outputs of every class of enterprise to arrive at the total. The expenditure approach works on the principle that all of the product must be bought by somebody, therefore the value of the total product must be equal to people's total expenditures in buying things. The income approach works on the principle that the incomes of the productive factors

("producers," colloquially) must be equal to the value of their product, and determines GDP by finding the sum of all producers' incomes.
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Example: the expenditure method: GDP = private consumption + gross investment + government spending + (exports imports), or

Note: "Gross" means that GDP measures production regardless of the various uses to which that production can be put. Production can be used for immediate consumption, for investment in new fixed assets or inventories, or for replacing depreciated fixed assets. "Domestic" means that GDP measures production that takes place within the country's borders. In the expenditure-method equation given above, the exports-minus-imports term is necessary in order to null out expenditures on things not produced in the country (imports) and add in things produced but not sold in the country (exports). E

Read the above para n frame slides. 4th slide: per unit GDP
GDP is an aggregate figure which does not consider differing sizes of nations. Therefore, GDP can be stated as GDP per capita (per person) in which total GDP is divided by the resident population on a given date, GDP per citizen where total GDP is divided by the numbers of citizens residing in the country on a given date, and less commonly GDP per unit of a resource input, such as GDP per GJ of energy or Gross domestic product per barrel. GDP per citizen in the above case is pretty similar to GDP per capita in most nations, however, in nations with very high proportions of temporary foreign workers like in Persian Gulf nations, the two figures can be vastly different. Frame 4h slide from above para.

5th slide:

GDP GROWTH RATE: INDIA

India's diverse economy encompasses traditional village farming, modern agriculture, handicrafts, a wide range of modern industries, and a multitude of services. Services are the major source of economic growth, accounting for more than half of India's output with less than one third of its labor force. The economy has posted an average growth rate of more than 7% in the decade since 1997, reducing poverty by about 10 percentage points. This page includes: India GDP Growth Rate chart, historical data, forecasts and news. Data is also available for India GDP Annual Growth Rate, which measures growth over a full economic year. the Gross Domestic Product (GDP) in India expanded 7.7 percent. Historically, from 2000 until 2011, India's average quarterly GDP Growth was 7.45 percent

FRAME 5

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SLIDE FROM ABOVE PARA

6TH

SLIDE : GRAPH OF GROTH RATE OF INDIA.

Make seprate slide for above graph.

7th slide: INDIA'S ECONOMY GROWS 7.7% NOW.

India's economy grew 7.7% in the three months from April to June, compared with the same period of 2010. It was India's weakest growth for six quarters, but still better than had been expected. The gross domestic product (GDP) growth figure from the finance ministry compares with the annual rate of 7.8% in the first three months of the year.

The slowdown is expected to continue as India's central bank continues to raise interest rates to control inflation. The Reserve Bank of India (RBI) has raised interest rates 11 times since March 2010. The next rate-setting meeting is on 16 September, when many economists expect rates will rise again. Inflation in July was 9.22%, which was well above the RBI's target rate of 4% to 4.5%. The sector breakdown showed that the construction sector had been one of the worst-performing parts of the economy. Construction grew at an annual rate of 1.2% in the second quarter, down from 8.2% in the previous quarter, as rising interest rates and delays in planning approvals held up building projects. Farm output rose 3.9%, which was down from the previous quarter but above the level of 2.4% in the same period last year. The manufacturing sector grew 7.2%, an improvement from the previous quarter, but well below the 10.6% in the second quarter of 2010.

Abstract one or two slide from above para.

Images you can use in preparing slides.

Expalain this that how gdp compostition from different sectors.