Hello Friends, Welcome to Letscode1.com. One new quiz contest is organized by NSS & NCC, govt. of India. This is a free online quiz competition with free certificate. Discover yourself more and understand the Indian economy, why is GDP always increasing? What is the Indian economy ranking today? Sectors in the Indian Economy, Globalization and the Indian Economy, etc.
Indian Economy | Discovering India
A quiz conducted under the label of Bharatheeyam, a one-year full-fledged program, knitted in connection with the Government of India initiative, ‘Azadi Ka Amrit Mahotsav’ by Madathilasaan Centre for Human Empowerment, NSS, NCC, Ek Bharat Shrestha Bharat Club & IQAC of KG College, Pampady, Kottayam, Kerala, to celebrate 75 years of glorious Indian Independence.
All About Indian Economy
The Indian economy is ready to move forward. The expectation of a better India is the need of the hour. Indiasquiz is an online quiz community that provides a platform for those interested in furthering their understanding of the Indian Economy and investing to grow their career.
The Post-Sankara economic era has been a roller coaster ride for many Indians. This has made investing even more complex for laymen. The Indiasquiz community provides an opportunity to all those who are looking to pursue a career in stock markets and/or understand the Indian economy in-depth, with free certification of the same through SSRN served by the Indiasquiz team.
The Indiasquiz Indian Economy Quizzes have been designed keeping in mind the complexities and vastness of the subject matter which covers macro and micro-economics, sectors, indicators, and all important aspects of economy-related news.
Indian economy is the world’s tenth largest economy by nominal GDP and the third largest by purchasing power parity (PPP).
The debt-to-GDP ratio rose to 74.1% in 2017–18 from 73.5% in 2016–17. India has a rising debt burden. India has been moving towards a flexible exchange rate system since the 1990s, which has reduced the importance of the exchange rate as a policy tool. Between April 1991 and April 2000, the country’s foreign exchange regime was changed 19 times to allow the rupee to depreciate, helping boost exports and maintain the balance of payments. Inflation dropped to 6.6% by March 1998, down from double-digit figures in 1990–92. Inflation rose again between July 1998 and January 1999, reaching 7.9%. The fiscal deficit rose from 4.5% of GDP in 1997–98 to 5.7% in 1998–99; the shortfall was met through borrowings.
The Indian economy is highly diversified, with a vast variety of industries and sectors. The service sector is the largest and most important sector in the economy, accounting for over 60% of GDP. The agriculture sector is also important, employing around 54% of the workforce. Manufacturing and industry contribute around 28% to GDP. The Indian economy has seen strong growth in recent years, with real GDP growth averaging 7.5% per year between 2004 and 2014. Economic growth slowed somewhat in 2015-16, due to lower government spending and investment as well as subdued private consumption and investment. However, growth picked up again in 2016-17, reaching 6.7%.
Looking ahead, the Indian economy is expected to continue growing at a healthy pace, supported by strong domestic demand as well as continued reforms aimed at boosting competitiveness and unlocking further economic growth potential.
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