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The sector is predicted to grow at an annual rate of 6.9% to ₹ 32.05 trillion (US$380 billion) by 2028 (9.9% of GDP). [326] Over 10 million foreign tourists arrived in India in 2017 compared to 8.89 million in 2016, recording a growth of 15.6%. [327] The tourism industry contributes about 9.2% of India's GDP and employs over 42 million people ...
Composition of India's total production of foodgrains and commercial crops, in 2003–04, by weight. India ranks second worldwide in farm output. Agriculture and allied sectors like forestry, logging and fishing accounted for 18.6% of the GDP in 2005, employed 60% of the total workforce [13] and despite a steady decline of its share in the GDP, is still the largest economic sector and plays a ...
This map shows the change in per capita GDP of India from 1820 CE to 2015 CE. All GDP numbers are inflation adjusted to 1990 International Geary-Khamis dollars. Data Source: Tables of Prof. Angus Maddison (2010). The per capita GDP over various years and population data can be downloaded in a spreadsheet from here.
In January 2020 itself, well before India's lockdown or reactions to the pandemic, the International Monetary Fund reduced India's GDP estimates for 2019 and also reduced the 2020 GDP forecast. [190] The 2016 Indian banknote demonetisation and goods and services tax enactment in 2017 led to severe back to back disruptions in the economy. [ 190 ]
The former Indian Finance Minister P. Chidambaram expected India's economy to "bounce back" to 9% during FY2009. [33] India's then Prime Minister Manmohan Singh said that the government will take measures to ensure that the economic growth bounces back to 9%. [34] Nevertheless, India's overall growth of GDP in 2008-09 was 6.7%. [35] The Asian ...
This is an alphabetical list of countries by past and projected gross domestic product per capita, based on official exchange rates, not on the purchasing power parity (PPP) methodology.
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%.
However, it also led to concerns about the impact of foreign entities on India's economy and the potential loss of control over vital industries. [10] [11] India's liberalization policies since 1991 have led to significant economic growth and integration into the global economy, but have also faced criticism for uneven distribution of benefits ...