Mumbai (ii) Flashcards
What sector do rural areas thrive on compared to urban areas ?
Economically India is split between villages where agriculture thrives and urban areas supported by heavily industrialised areas
UK has noticed and is anxious to export more goods and services . why?
India is becoming an increasing economic power .
However the UK encourages more Indian Investment with them
What is an Indian Diaspora ?
Non-resident Indian or person of Indian origin, also called Overseas Indians Their birth or descent outside the Republic of India.
Why is Indian Diaspora important ?
Interesting aspect of globalisation
send back $71 us dollars through remittances
How many people make up the Indian Diaspora
20 million people make up the diaspora spread over 100 countries
What is India’s annual GDP growth rate for the past two decades ?
7%
What place is it in terms of world economy
worlds 7th largest economy from the end of 2014 by nominal GDP
When measured PPP India’s economy is the … largest in the world
when measured PPP India’s economy is the 3rd largest in the world
Has there been an increase in the GNI per Capita PPP over the last four years ?
Yes
2010- 450p GNI per Capita PPP (US $) - 0.586 HDI
2014- 5500 GNI per Capita PPP (US $) -0.609 HDI
How has the primary sector changed in terms of total GDP ?
a large reduction in the contribution of agriculture to total GDP - 37.2%-14.5%
How has the secondary sector changed in terms of total GDP ?
A small increase to the contribution of manufacturing to total GDP- 16.9%- 18.4%
How has the tertiary sector changed in terms of total GDP ?
a rapid increase in the contribution of services to total GDP - 45.8%-67.1%
What has been the total merchandise trade in 2012 ?
Total Merchandise traded increased to $794 billion in 2012
What are the main exports ?
key export of petroleum products ,gems ,jewellery pharmaceutical products and transport equipment
What are main imports ?
Oil biggest import than gold than silver and electronic goods
