Economic Growth and Developemnt: BY: Uzma Shahedi Shabeena Afroz Yashasvini Priya Spriha Badola Rashda Yasmin
Economic Growth and Developemnt: BY: Uzma Shahedi Shabeena Afroz Yashasvini Priya Spriha Badola Rashda Yasmin
Economic Growth and Developemnt: BY: Uzma Shahedi Shabeena Afroz Yashasvini Priya Spriha Badola Rashda Yasmin
AND DEVELOPEMNT
BY:
UZMA SHAHEDI
SHABEENA AFROZ
YASHASVINI PRIYA
SPRIHA BADOLA
RASHDA YASMIN
DEFINING ECONOMIC GROWTH AND
ECONOMIC DEVELOPEMENT
Economic growth is defined as the increase in the value of goods and
services produced by every sector of the economy. It is the sustained
increase in the per capita income (GDP)
India meets most of its domestic energy demand through its 106
billion tonnes of coal reserves.
An unprecedented increase in
cotton prices is expected to lower
profitability of spinning companies
and garment manufacturers in
2011-2012, polyester
manufacturers, however, stand to
gain.
Global trade relations
(PRE LIBERALISATION SCENARIO)
Until 1991, India intentionally isolated itself from rest of the world.
India's growing oil import bill ,the main driver behind the
large current account deficit.