BRICS COUNTRIESppt.pptx
- 1. BRICS, Country effect the Indian Economy Present By: M Umar Farooq
- 2. BRICS, Country effect the Indian Economy Macroeconomics Indicators Economic Growth, Unemployment, Inflation Economic Growth vs Environmental Damage and Resources Depletion . Macro Economic Indicator Standard Of Living In India Circular Flow Of Income Injections vs Withdrawals in EconomyGD GDP Problems Productivity Vs Production International Trade Of India Multilateral Organizations Sustainable Development Low Labor And Production Costs Eventual Inclusion Of NICs And BRICS
- 3. BRICS, Macroeconomics Indicators Economic Growth, Unemployment, Inflation GDP Annual Growth Rate Unemployment Rate Inflation Rate Interest Rate 0 5 10 15 20 25 Previous Last
- 4. Economic Growth vs Environmental Damage and Resources Depletion Economic Growth Perspective Economic growth brings quantitative changes in the economy and reflects in the per capita income of the country. This further improves the facilities and opportunities provided to the people of the country, resulting in overall development of the nation. Related articles: UPSC Calendar 2022. -5% -3% -1% 1% 3% 5% 7% 9% 1951 1953 1955 1957 1959 1961 1963 1965 1967 1969 1971 1973 1975 1977 1979 1981 1983 1985 1987 1989 1991 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 GdpmpGr GdpGrTrend GdpTndHpf
- 5. Macro Economic Indicator Last Previous Currency 82.73 82.59 23-Feb Stock Market 61040 60432points 23-Feb GDP Growth Rate 0.8 0percent 22-Sep GDP Annual Growth Rate 6.3 13.5percent 22-Sep Unemployment Rate 7.1 8.3percent 23-Jan Inflation Rate 6.52 5.72percent 23-Jan Interest Rate 6.5 6.25percent 23-Feb Cash Reserve Ratio 4.5 4.5percent 23-Feb Balance of Trade -23.76 -23.89USD Billion 22-Dec Current Account -36400 -18200 USD Million 22-Sep Current Account to GDP -1.2 0.9 percent of GDP 21-Dec Government Debt to GDP 89.26 89.41 percent of GDP 21-Dec Government Budget -6.9 -9.5 percent of GDP 21-Dec Business Confidence 134 138 points 22-Dec Manufacturing PMI 55.4 57.8 points 23-Jan Services PMI 57.2 58.5 points 23-Jan Consumer Confidence 83.5 80.6 points 22-Nov Corporate Tax Rate 34.94 25.17 percent 22-Dec Personal Income Tax Rate 42.74 42.74 percent 22-Dec
- 6. Standard Of Living In India The standard of living in India varies from state to state. In 2021, extreme poverty was fully eradicated to as low as 0.8%. and India is no longer the nation with the largest population under poverty. The standard of living in India shows large geographical disparity as well. For example, on one hand most metropolitan cities and other urban and suburban regions boast world-class medical establishments, luxurious hotels, sports facilities and leisure activities similar to that of first world developed nations, while there is significant poverty in rural areas of India, where medical care tends to be very basic or unavailable because of lack of doctors. Similarly, the very latest machinery may be used in most construction projects, but some construction workers work without mechanization in some projects, mostly in very rural parts
- 7. Circular Flow Of Income The circular flow indicateas flow of national income in an economy among various agents – households, business people and the government. For example, in a simple two sector economy, the business entities employ laborers who are from the household sector. These household spends their income in the goods and services produced by business entities. Hence an income goes from business firms to households in the form of wage payment whereas a return income flow happens from the households to business entities in the form of payments to goods and services.
- 8. Injections vs Withdrawals in Economy Under the Atmanirbhar Bharat economic package, the Government of India announced Rs. 90 crore Liquidity Injection for Discoms. Power Finance Corporation and Rural Electrification Corporation will infuse liquidity in the Discoms to the extent of Rs 90000 crores in two equal instalments. This amount will be used by Discoms to pay their dues to Transmission and Generation companies. Further, central public sector enterprise (CPSE) Gencos will give a rebate to Discoms on the condition that it is passed on to the final consumers as a relief towards their fixed charges. India's controversial withdrawal of high value banknotes late last year has had an "adverse impact" on the economy, the government has admitted. The country's Economic Survey, released on the eve of the national budget, said the measures had slowed growth. The dramatic move to scrap 500 ($7.60) and 1,000 rupee notes was intended to crack down on corruption and so-called black money or illegal cash holdings. But it also led to a cash shortage, hurting individuals and businesses. The report forecast that India's economy would grow 6.5% in the year to March 2017, down from 7.6% the previous financial year.
- 9. GDP=C+I+G+(x-m) also the equation for aggregate demand (AD) This is often written as C + I + G + (X-M), where C is personal consumption expenditures, I is investment, G is government purchases of goods and services, X is exports, and M is imports. Together, this is all of Gross Domestic Product, or GDP.
- 10. GDP Problems Slowdown in the manufacturing sector, external risks and inflation were the primary reasons cited. The one exception there was ICRA, which held on to its projection of 7.2 per cent growth in FY 23. The UNCTAD report on India's GDP estimate for 2022-23 makes for disturbing news as India's economic growth is expected to decline to a shocking 5.7% this year from 8.2%
- 11. Productivity Vs Production India Labour Productivity improved by 2.91 % YoY in Dec 2021, compared with a growth of 1.41 % in the previous year See the table below for more data.
- 12. Productivity Vs Production India's industrial production jumped 7.1 percent from a year earlier in November of 2022, the most in five months and easily beating market expectations of a 2.5 percent increase. Manufacturing output grew 6.1 percent, the most since June and rebounding from a 5.6 percent decline in October.
- 13. International Trade Of India India's overall exports (Merchandise and Services combined) in December 2022* are estimated to be USD 61.82 Billion, exhibiting a negative growth of (-) 5.26 per cent over the same period last year.
- 14. Multilateral Organizations of India Multilateral Institutions Division · WORLD BANK GROUP (IBRD, IDA, IFC, MIGA, ICSID) · ASIAN DEVELOPMENT BANK (ADB) · INTERNATIONAL MONETARY FUND (IMF).
- 15. Sustainable Development of India Sustainable development in India encompasses a variety of development schemes in social, cleantech (clean energy, clean water and sustainable agriculture) and human resources segments, having caught the attention of both Central and State governments and also public and private sectors.
- 16. Low Labor And Production Costs In India, Demography, Abundance Of Natural Resources India is the fourth-largest economy in the world, accounting for 4.6 percent of the world’s gross domestic product. India is also on its way to becoming the world’s most populous country; it is expected to surpass China within the next 20 years. With its 1.2 billion inhabitants, India is home to about 17 percent of the world’s population. India's labour participation rate is very low. While in most countries only about 40 per cent of the population is out of the labour force, in India, 60 per cent of the population is n India's major mineral resources include coal (4th largest reserves in the world), iron ore, manganese ore (7th largest reserve in the world as in 2013), mica, bauxite (5th largest reserve in the world as in 2013), chromite, natural gas, diamonds, limestone and thorium. either working nor willing to work.
- 17. Eventual Inclusion Of NICs And BRICS In India India has been an active participant in this organisation from its inception. Maintaining economic growth that benefits India's citizens in terms of job creation, GDP growth, and poverty alleviation are in the country's national interest.