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Nearly 70% of India's GDP is driven by domestic consumption; [76] country remains the world's fourth-largest consumer market. [77] Aside private consumption, India's GDP is also fueled by government spending, investments, and exports. [78] In 2022, India was the world's 10th-largest importer and the 8th-largest exporter. [79]
The Union Budget is the annual financial report of India; an estimate of income and expenditure of the government on a periodical basis. As per Article 112 of the Indian Constitution, it is a compulsory task of the government. The first budget of India was presented on April 7 1860 by Scotsman James Wilson.
This is a comparison between Indian states and countries by gross domestic product (PPP). Many of the states of India have large GDP (called gross state product ) which would rank highly on a list of countries by GDP.
This article lists countries alphabetically, with total government expenditure as percentage of Gross domestic product (GDP) for the listed countries. Also stated is the government revenue and net lending/borrowing of the government as percentage of GDP. All Data is based on the World Economic Outlook Databook of the International Monetary Fund.
GSDP is the sum of all value added by industries within each state or union territory and serves as a counterpart to the national gross domestic product (GDP). [1] As of 2011 [update] , the Government accounted for about 21% of the GDP followed by agriculture with 21% and corporate sector at 12%.
Exchanges rates for advanced economies are established in the WEO assumptions for each WEO exercise. Expenditure-based GDP is total final expenditures at purchasers' prices (including the f.o.b. value of exports of goods and services), less the f.o.b. value of imports of goods and services.
Total expenditure pegged at ₹ 11.8 lakh crore, an increase of 8.6%. Fiscal deficit at 5.5%. Fiscal deficit seen at 4.8% and 4.1% in 2011-12 and 2012–13, respectively. Non-plan expenditure pegged at ₹ 37,392 crore and plan expenditure at ₹ 7,35,657 crore in budget estimates. Proposed increase of 15% in plan expenditure and 6% in non-plan ...
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