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India started recovery in 2013–14 when the GDP growth rate accelerated to 6.4% from the previous year's 5.5%. The acceleration continued through 2014–15 and 2015–16 with growth rates of 7.5% and 8.0% respectively. For the first time since 1990, India grew faster than China which registered 6.9% growth in 2015.
The following table shows the annual growth in nominal GSDP for the financial years 2001–02 to 2010–11, released by the Planning Commission of India, in the Indian rupees. [1] Revised data for the past years differ from the tables below. Figures are in millions of Indian rupees at current prices. [1]
The target growth rate was 2.1% annual gross domestic product (GDP) growth; the achieved growth rate was 3.6% the net domestic product went up by 15%. The monsoon was good and there were relatively high crop yields, boosting exchange reserves and the per capita income , which increased by 8%.
List of countries by GDP (nominal) Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year. [ 2] Countries are sorted by nominal GDP estimates from financial and statistical institutions, which are calculated at market or government official exchange rates.
The state has also one of the lowest poverty rates in India at 8 percent in 2012. [ 58] Punjab has also seen strong economic growth, but since 2005 the state's growth has fallen below India's national average. [ 58] Punjab's debt was estimated at 39.8% of the state's GDP in 2020, [ 1] down from 62% of its GDP in 2005.
The economic development in India followed socialist -inspired politicians for most of its independent history, including state-ownership of many sectors; India's per capita income increased at only around 1% annualised rate in the three decades after its independence. [ 1] Since the mid-1980s, India has slowly opened up its markets through ...
Population growth rate (yearly) 107 / 216 World Bank: India population growth rate in the year 2021 was 1.09%. Area: 7 / 194 United Nations Statistics Division(UNSD) The area of India is 3,287,263 km square. Net migration (rate) 1 / 194: Micro Trends: The current net migration rate for India in 2020 is -0.369 per 1000 population, a 3.66% ...
The economic reforms of the early 1990s were followed by rates of high economic growth. Its effect on poverty remain controversial, and the official numbers published by the Government of India, showing a reduction of poverty from 36% (1993–94) to 26% (1999–00), to 22% (2004–05), have been challenged both for allegedly showing too little ...