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The Growth Of Gross Domestic Product
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The new paradigmatic shifts, since the liberalisation process took off, after unshackling the socialistic edifice, has brought a perceptible change in the Indian economy. The growth in real Gross Domestic Product (GDP) during the last three years, i.e. during 1994-1997, ranged from 7.2% to 7.5%. T ....
Middle of essay
.... mainly the slow down in industrial growth and investment and growth of net invisibles. In 1997-98, the current account deficit is expected to be about 1.5 % of the GDP, which is significantly less than the average deficit of about 2.3% of GDP during the seventh Plan period (1985-86 to 1989-90).
Total imports in 1996-97, on payments basis, recorded a growth of only 10.1% in US $ terms, compared with 21.6% in 1995-96. The demand for imports has been subdued over the last two years, reflecting mo.... |
| Number of words: 1062 |
Approximate pages: 4 |
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