Present System of Indian Economy

                         Present System of Indian Economy

Introduction:

                         The economy of India is the eleventh largest in the world by GDP. India is the one of the members in the G20 summit countries. The unemployment of 2010 -2011 was 9.9% according to the federal bureau however, the inflation claims 8.7%. Agriculture increase high percentage because agricultural has the predominat in our country.  Major industries like Telecommunication, texitiles, food, industry, steel, transportation, equipment, cement, minning, coal, petroleum, computer mechanised, and chemical Industries are all constant in their growth.  But the export is slightly declined when we compared to previous year.

Industrial Sector:

                           75% of assets are all based by the Industrial banking.  The government has specally approved some banks and nationalised bank for the Industrial banking.  More than the half of the account holders invest to their only their physical assets only like house, bike, and Land.

Income and consumption :

                            The world Bank stastics show that the 75% of people in India have below the $2.  The remaining 27.5% are all the below the poverty line.  India per capita income tripled from the 2002.  It grow from the 2.2% to 14.4% in 2012 fiscal year.  It raising the Poverty line in India. The neglactment of fiscal year percentage may lead into a great impact.

Employement:

                             In India, the work force of the agricultural is 52% and the Industrial takes 19%. Nearly 10.8% of the people in India have the unemployment problem.  The inadequate of the education system leads this condition.  It prevents the employment oppurtunity for the citizens of India. Foreign Direct investment can prevent the increasing of unemployment.  It may be decrease the taxation from the farmers.  But the upper caste limit of our goverment body doesn't want to allow the foreign Direct Investment.

Conclusion:

                             If we want to increase the economic situation, following situation must be avoided :

1.   The growht of the Gross Domestic Product is decreased. We need to increase the GDP by decreasing the below poverty line.
2.   We are spending the excessive money above the fiscal limit. It must be avoided.
3.   Introducing standard education leads to make our country employable.
4.   Recovering the money in the black market at the foreign may gives our money value.
5.   The most concern is inflation. It increasing stubbornly in the econmies. We need to control.
6. These are the some of the preventive stones in the economic growth of India.