National Income

By: GROUP 7 Abhishek Kumar Arijit Guha Bharat K. Kiran S. Gupta Shaivya Gupta

OUTLINE:
National Income National Income of India since Independence Assessment of national income growth and per capita income growth Comparative study on the growth of national income of different countries- India, SEA Countries, U.S., U.K., LDCs.

National Income
National income measures the money value of the flow of output of goods and services produced within an economy over a period of time. Measuring the level and rate of growth of national income (Y) is important to economists when they are considering: The rate of economic growth.

India Per Capita GDP is an estimation of the cost of commodities produced per person in the nation, equivalent to the nation's GDP separated by the total number of people in the nation. It is the total of value added by all resident manufacturers in the financial system sans any product taxes (less subsidies) incorporated in the valuation productivity. It is analyzed without any subtraction for reduction of fictitious capital assets or for deterioration of natural resources.

India's Development since 1947

INDIAN RATES OF ECONOMIC GROWTH

PERIOD 1980-1990 1950-1980 1990-2000 3.7% 1.5%

ANNUAL REAL GDP GROWTH 5.9% 6.2% ANNUAL REAL GDP PER CAPITA GROWTH 3.8% 4.4%

SOURCE: IMF.

INDIA (since last SEVEN years)

 SEA Countries

Southeast Asia is composed of eleven countries of impressive diversity in religion, culture and history: Brunei Burma (Myanmar) Cambodia East Timor Indonesia Laos Malaysia Philippines Singapore Thailand Vietnam

LDC
Current LDCs
Africa (33 countries) Asia (9 countries) Americas (1 country) Oceania (5 countries)

India Vs Singapore Vs Malaysia

Growth Rate in % rate in %

INDIA MALAYSIA SINGAPOR

Year

India Vs Singapore &Malaysia

IN 2003
The growth rate for India and Malaysia was approximately same Singapore had a low growth rate than the other two countries, this is due to the Singapore was mainly in the rubber export and the demand of the rubber was not so much, & 4.6% of unemployment . India and Malaysia much of liberalization was taking place. In Malaysia their was a increment in the Private investment .

IN 2004
The economy of the India & Malaysia was growing , still Singapore had a low growth compared to other countries

IN 2005
In 2005, their was a sudden jump in the economy of the Singapore this is due to the , they changed the type of business they were in, they changed to information technology , electronics goods etc . India had a dip in their growth rate this is because of the increment in the interest rate due to which the investment decreased .

IN 2006 2010
In these years India controlled their interest rate and to a great extent they had a control in the unemployment these is were they maintained a constant growth rate ,during the year 2008-2010. Whereas as Singapore and Malaysia had a great depression, and as they were mainly in the IT sector they were the countries effected more.

Growth Rate in % rate in %

Year

INDIA USA UK

Growth Rate in % rate in %

Year

In Trillion ($14.119) Tr

($2.175) Tr ($1.31) Tr ($ 540.274)Bn ($ 182.234)Bn ($ 11.757)Bn ($128.004) Million

 Source: IMF, Central statistics office (CSO), Ministry of Finance (MOF) http://www.nationmaster.com http://www.rbi.org.in/ http://www.indexmundi.com/ https://www.cia.gov/

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