The Indian economics section of Gen.Economics(CPT)

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s.lohani (Querist)
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01 October 2007 There are many statistics in the second section of this subject ranging from revenues, percentages,etc. What sort of statistics and percentages should we give imp. and memorise?

R.V.RAO

R.V.RAO (Expert)
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05 October 2007 THE INDIAN ECONOMY( FOR THAT MATTER ANY ECONOMY IN THE GLOBE) IS ALWAYS MEASURED BY GROSS DOMESTIC PRODUCT AND NET DOM. PRODUCT.THE PRESENT PROJECTED GDP IS 9%.FOR INDIA.
1.MEASURES INITIATED BY GOVT. TO ACHIEVE PROJECTED GDP.
2.SECONDLY INFLATION RATE ,ITS EFFECT ON THE ECONOMY,MEASURES TAKEN BY GOVT.TO CONTAIN THE SAME.
3.THIRDLY INFRASTRUCTURE GROWTH MEASURES TAKEN BY GOVT. TO ALIGN WITH GROWING WORLD MARKETS AND GLOBAL STANDARDS.
4.WTO-STEPS TAKEN BY OUR GOVT. TO ADHERE TO WTO IN TERMS OF TARIFFS -POWER REFORMS.,TRADE REFORMS,INDUSTRIAL REFORMS ETC..
5.GLOBALISATION OF TRADE -MEASURES TAKEN BY GOVT. LIKE EASING FDI NORMS FOR INVESTMENT BY FII/FIs IN INDIA IN VARIOUS SECTORS, LIKE AVIATION, MEDIA,RETAIL ETC..
6.AS SERVICE SECTOR CONTRIBUTES TO NEARLY 50% OR MORE IN OUR GDP,INTRODUCTION OF SERVICE TAX ,AREAS COVERED UNDER SER. TAX IN SUCCESSIVE BUDGETS.
7.ROLE OF AGRICULTURE IN OUR ECONOMY.
8.PER CAPITA INCOME HOW INCREASED IN EACH DECADE IN OUR COUNTRY REFLECTING GROWING PURCHASE POWER .
8.GROWING LONGEVITY REFLECTS BETTER HEALTH STANDARDS
9.INDIA HAS EMERGED AS TIGER OUT OF CAGE NOW LIBERATED FROM SHACKLES.( HOW LIBERALISATION HAS CHANGED FACE OF OUR ECONOMY FROM CONTROL RAJ)
10.HOW INDIA IS EMERGING AS A SUPER ECONOMIC POWER IN THE WORLD.

IMPORTANT BUT VERY BRIEF STATISTICS AND
%s IN ABOVE AREAS WILL IMPRESS THE EXAMINER THAT YOU ARE WELL PREPARED AND KNOWLEDGEABLE ON ECONOMY.
BESIDES STUDY MATERIAL IF ANY,PREVIOUS YEAR SUGGESTED ANSWERS, YOU DO WELL TO READ AT A GLANCE AND NOTE ABOVE IMP. DATA FROM ECONOMIC TIMES, BUSINESS LINE ETC..
EVEN GOOGLE SEARCH BAR HELPS A LOT IF YOU TYPE ANY OF THE ABOVE TOPICS OR WORDS, YOU WILL BE FLOODED WITH A VAST INFORMATION.
REMEBER KNOWLEDGE IS ALWAYS POWER WHEREVER YOU ARE.
R.V.RAO