What is the present scenario of Indian economy?

Question

ok, how would inflation affect the economy?

Answer 1

Richer going richer day by day whereas poorest man going poor day by day.even 77% people have the earning of rs 20/==only.

But govt. fo india claim a lot about economy and sees through the eyes of richer person.

Answer 2

the indian economy is increasing but slowly

Answer 3

The statistics of Indian economic grwth may paint a pretty picture, but the social development of India is below mark.  This is mainly due to the inequalities of income.  The gap between the rich and the poor is getting wider.

Indian economy would be doing great if there was a balance between the growth and development of our country.

Answer 4

In India to compare with the total population, around 2.5 crores are the internet users. The most of the study found that, most of the shoppers access the internet from office, followed by those who access it from home. Some also go to cyber cafes. The business module is cost effective, easily accessible and profitable in many functional areas. Consumers and retailers both desire a safe, simple and complete online shopping. From this we can findout what is the actual and real power of internet now a days.

According to the Preti Desai, President, Internet and Online Association of India "E-commerce is coming of age in India. Chaining lifestyles and shopping habits" Now a days most of the metro and non metro corporation cities are basing completely on the media and internet and multiple internet access points.

As per the survey reports, of Internet and online association of India, the total value of e-commerce activities within India crossed Rs.570 crore during 2004-05. On the basis of that, the present and the next couple of years it may be crossed to Rs.2,300 crore worth of e-business in India. In India most of internet users are purchasing their commodities and services through online shopping through internet and e-business.

As per the reports, out of 3099 online shoppers, the average of 55% i.e., 1,716 shoppers are benefiting for online services, that are getting services through online and use of internet by way of e-commerce. The rapid development of E-commerce in India is forcing companies to adopt business strategies revolving around the internet. As per the Chairman of IOAL "The report reflects the chaning face of business trends in India. Today, the internet population is 25+ million and is expected to grow at 100 million by end of 2008" So on the basis of reports, we can imagine how the India is growing with online shopping and e-commerce.

India is the second most populous country and the largest democracy in the world. Now India has improved its position to the 43rd rank in the World of E-Commerce activities. The rapid development of e-commerce is forcing companies today to adopt business strategies rotating around the internet.

Finance Minister of India Mr.P.Chidambaram announced recently that expected growth rate of Indian economy is 9 % for the year 2008 and that is excellent by any means.Though impact of Indian economy growth may not be considerable on world scale but atleast all Indians will be very very happy.  

Answer 5

good question dheepa.

our current GNP (The Gross National Product (GNP) is the total value of all final goods and services produced for consumption in society during a particular period by a country ) is 4.16 Trillion Dollar is India's GDP (2006 estimate). It is now in 5th rank in world.

but

YOU KNOW 56% OF INDIAN POPULATION HAVE 1 SINGLE MEAL A DAY, 38% OF INDIAN POPULATION ARE JOBLESS,

45% OF INDIAN POPULATION DO NOT OWN A PIECE OF LAND.

480000000 (APPROX) PEOPLE ARE HOMELESS.

37% OF INDIAN POPULATIONS AVERAGE SALARY Rs.46 PER DAY

for conclusion i will leave it you. YOU DECIDE.

hope that will solve your problems.

bye