12. INDUSTRY AND
SERVICES MINING
Industry accounts for
28% of the GDP
employs 14% of the
total workforce
India is 11th in the
world in terms of
nominal factory output
Mining forms an important
segment of the Indian
economy.
producing 79 different
minerals
Such as
Ironore, manganese, mica, bau
xite, chromite, silica
limestone, asbestos fluorite, etc
.
13. TEXTILE AGRICULTURE
Textile manufacturing largest
source of employment after
agriculture
accounts for 20% of
manufacturing
output, providing employment
to over 20 million people
But demand for Indian textiles
in world markets continues to
fall.
India ranks 2nd worldwide in
farm output
Agriculture and allied sectors
accounted for 14.0% of the
GDP
employed 58.00%
India is the largest producer in
the world of milk, jute
and pulses
second largest cattle
population with 175 million
14. SERVICES
BANKING AND
FINANCE
india is 13th in services output
services sector provides
employment to 23% of the
work force
growing quickly, with a
growth rate of 7.5%
7 Indian firms were listed
among the top 15 technology
outsourcing companies in the
world
Prime Minister Indira
Gandhi nationalized 14 banks
in 1969 + 6 others in 1980
mandatory for banks to
provide 40% of their net credit
to priority sectors like
agriculture, small-scale
industry, retail trade, small
businesses, etc
India's gross domestic saving
more then 32.7%.
15. RETAIL
ENERGY AND
POWER
Retail industry is one of the
pillars of Indian economy and
accounts for 14–15% of its
GDP
The Indian retail market is
estimated to be
US$ 450 billion and one of the
top 5 retail markets
India is one of the fastest
growing retail market
of India is the 4th largest
producer electricity and oil
products
fourth largest importer of coal
and crude-oil in the world
India had an installed power
generation capacity of 185.5
Giga Watts(GW)
16. Tourism in India is relatively undeveloped, but
a high growth sector
It contributes 6.23% to the national GDP
8.78% of the total employment
The majority of foreign tourists come from
USA and UK
India's rich history and its cultural and
geographical diversity make its international
tourism appeal large and diverse.
17. India has the world's third largest road network
covering more than 4.3 million kilometers and
carrying 60% of freight and 87% of passenger traffic
is the fourth largest rail network in the world, with a
track length of 114,500Km.
13 major ports handling a cargo volume of 850
million tones
India has a national teledensity rate of 74.15% with
926.53 million telephone subscribers
18. Public debt 67.59% of GDP
Budget deficit 5.2% of GDP
Revenues $171.5 billion billion
Expenses $281 billion billion
Economic aid $2.107 billion
Foreign reserves $295.29 billion
19. Public Sector companies are the
companies that are owned and
operated by the government. The
government level can be national, state
or local. These companies provide
basic government services.
21. Contribution of different sectors in
GDP
Below are the contributions of different sectors in the India's GDP for 1990-1991
Agriculture: - 32%
Service Sector: - 41%
Industry: - 27%
Below are the contributions of different sectors in the India's GDP for 2005-2006
Agriculture: - 20%
Service Sector: - 54%
Industry: - 26%
Below are the contributions of different sectors in the India's GDP for 2007-2008
Agriculture: - 17%
Service Sector: - 54%
Industry: - 29%
23. What is fiscal deficit?
Fiscal deficit is the difference between the government’s
expenditures and its revenues (excluding the money it’s
borrowed). A country’s fiscal deficit is usually communicated as
a percentage of its gross domestic product (GDP).
Considering that the Indian economy is growing between 5 to
5.5 percent in the financial year ended March 2013, fiscal deficit
is definitely a challenge to the economy. According to the World
Bank, growth in India is projected to rise to 6.5 percent and 6.7
percent in FY2014 and FY2015, respectively.
24. What are the causes of fiscal deficit?
Some main factors are
Government spending
Inflation
Lower revenue
One way the government earns money, is through taxes. For example, if the
government lowered taxes or provided tax concessions to a particular group of
people, then it would earn less, leading to an increase in fiscal deficit. And that’s
one of the reasons why you will find the government giving a face-lift to the tax
structures. In the same context, cutting of custom duty and excise duty will lead
to declining revenues.
Like India, many developing countries are making an effort to resolve big fiscal
deficits. On the bright side, for India, among other sources of revenue, foreign
investments and inflow of remittance s from Indians living overseas has helped
avoid very high deficits.
Fiscal deficit does not come about only in case of creating less revenue and
spending more money. Another major reason for a growing fiscal deficit can be
slow economic growth or sluggish economic activities.
25. How fiscal deficit can be bad for India?
A large fiscal deficit is an indication that the economy is in trouble and will
have reasons to worry.
A high fiscal deficit could pose an
Inflation risk,
Minimize the growth of the economy,
Doubt the government’s abilities.
It is believed that high fiscal deficit can be corrected. For example, if the
government could not control its expenditures, it could raise taxes to cover
up for the extra amount of money spent. When taxes increase, consumers
will involuntarily have to cut down on their expenditure to pay the
government.
Did you know that several government projects are stalled because of
high fiscal deficit? Here’s why. When a country labors under high fiscal
deficit, it limits the government’s spending capacity and this has an effect on
the continuous funds various projects need.
For example,
Infrastructure projects
Welfare policies
Education and healthcare projects, etc.
26. Why is India’s fiscal deficit continually high?
While the government fights to manage money, here are a few reasons why
India has a soaring fiscal deficit.
It is high because in the corporate sector,
Bailouts are becoming common and
Subsidies are being high.
The money that the government earns through non-tax revenue is not big
and
the money it earns from taxes is not enough.
34. Mid-day meal programme gets Rs 13,215 crore
*Image via Bing
*Images via Bing
SSA gets Rs 27,258 crore
35. An all-women bank by November
2013 with an initial capital of Rs
1,000 crore
Rs 1,000 crore Nirbhaya
Fund, named after Delhi
gangrape victim, to empower
women
*Image via Bing
Special allocation Rs 200
crore
36. Rs 1,000 crore for skill development of 10 lakh youth to enhance their employability*Image via Bing
Special allocation Rs 1000
crore
39. Definition of 'Private Company'
A company whose ownership is private. As
a result, it does not need to meet the strict
Securities and Exchange Commission
filing requirements of public companies.
45. With an Annual GDP growth rate of 7-8
percent India is the one of the fastest
growing economies in the world. This
stable annual GDP growth rate that India is
witnessing is mostly due to the rise of the
major private sector companies in the
country.
46. 1. Minimum Paid-up Capital : A company to
be Incorporated as a Private Company must
have a minimum paid-up capital of Rs.
1,00,000, whereas a Public Company must
have a minimum paid-up capital of Rs.
5,00,000.
2. Minimum number of members : Minimum
number of members required to form a
private company is 2, whereas a Public
Company requires atleast 7 members.
47. 3. Maximum number of members :
Maximum number of members in a Private
Company is restricted to 50, there is no
restriction of maximum number of
members in a Public Company.
4. Number of Directors : A Private
Company may have 2 directors to manage
the affairs of the company, whereas a
Public Company must have atleast 3
directors.
48. 5. Shares Warrants : A Private Company
cannot issue Share Warrants against its
fully paid shares, Whereas a Private
Company can issue Share Warrants
against its fully paid up shares.
6. Special privileges : A Private Company
enjoys some special privileges, which are
not available to a Public Company.
50. It is an industry that involves activities in reproducing and multiplying
certain species of plants and animals for the sake of earning profit from
their sale.
It is going to be India’s leading industrial sector in future.
Fish culture,Cattle breeding, goatery and piggery are included in genetic
industry.
There are 325 major companies working in this sector in India.
Some of the top companies are – Mahyco, Metahelix life sciences ltd.,Bio
Con,Panacea Piramal,Nicholes Piramal.
The growth rate of the sector is 3% to 4% annually.
The total revenue generated annually is around 2 billion US dollars.
51. This industry involves in activities like mining, quarrying, digging of oil
wells and gas reservoirs.
India is one of the most important market for petroleum products and crude
oil.
This industry is attracting attention of many international players.
The major companies in this field are – ESSAR Oil Ltd, Mazagaon Dock
Ltd, Reliance Industries Ltd.,JK Industries, Oil India.
Revenue generated by this industry in the year 2012-13 is Rupees 4 lakhs
crores.
The growth rate of this industry in India is 4.1 % in 2012-13.
This industry has a very good job potential.
52. Manufacturing industry involves the use of tools and processes to transfer
raw materials into finished goods i.e goods from shoes to ships.
India has a large and diversifies manufacturing basis.
Thus India’s manufacture sector has a very huge potential.
Government of India has announced many policies and reforms in
manufacturing industry
It is a labour intensive industry and many multinational players are there in
Indian manufacturing industries.
Some of the major manufacturing companies are – Tata
motors, L&T, Maruti Suzuki and SAIL, ITC Ltd.
Revenue generated by this sector in 2013 is 13.8 billion dollars.
Growth rate of this industry in India is 50.1 % in the year 2013.
53. This industry has many associated sectors i.e. from dam – to- flyovers -to
– airport construction
It is a very important indicator of economical development of the nation
Leading companies in this sector are – Unity Infra Projects Ltd, Pratibha
Industries, Shapoorji and Paloonji, UB Construction, Godrej Real
Estate, P.D.Construction.
Revenue generated in the year 2013 is Rupees 670,778 crores.
More than 35 million people are employed in this industry.
Growth rate of this industry in India 20% in may 2013.
More than 500 construction equipment manufacturing companies are
dependent on this industry.
54. Commerce is a process in which businesses and individuals take part
in exchange of goods and services in exchange for money.
It has two main parts – Trade services and Ancillary services.
Trade takes place between producer and consumer . There is a trade
at national level and international level.
Ancillary services are those that are supportive services and
secondary services.
Major companies in trade are – India Trading Company, Geojit
Trading Company .Shakti Traders.
Major ancillary services are – LIC, Stock Exchange, Ghai Finance.
Total revenue generation in trade in year 2013 is Rupees 23,277
crores. The growth rate is 6.1 %.
Total revenue generation in ancillary services in 2013 is 11,012
crores . The growth rate is 2,98%.
55.
56. India’s exports reversed the trend in
October, 2009 by registering a positive growth
of 3.4%. The upward trend has been
maintained since then wherein exports grew at
the rate of 30.0 % in 3.4%
On a cumulative basis, merchandise exports
stood at US$ 300.6 billion, declining by 1.8
percent, in FY 2012-13 as compared to the
export of US$306.0 billion in FY 2011-12 (21.8
per cent)
57.
58.
59. Merchandise imports in the FY 2012-13 recorded
a marginal growth of 0.4 per cent amounting to
US$ 491.5 billion compared to a growth rate of
32.3 percent at US$ 489.3 billion.
The decline was mainly led by a fall in gold and
non-oil non-gold imports. Fall in non-oil non-gold
was more on account of a slowdown in domestic
activity and dampened demand for export related
items.
62. India should reduce their imports & increase their
exports. As there is trade deficit in India.
This can only be done when the government will
change their policies & they should not be depend
only on the product which is exported from other
countries.
India have most of their imports from & exports to
Asia & ASEAN countries.