Access gdp stock this page has been denied because we believe you are using automation tools to browse the website. Revenue of the cosmetic industry in the U. Number of restaurants in the U.
Average daily rate of hotels in the U. Directly accessible data for 170 industries from 50 countries and over 1 Mio. Of all the factors and empirical data that give an insight into the shape of a national economy, there aren’t as many indicators more telling than GDP. GDP is the total market value of all final goods and services that have been produced within a country in a given period of time, usually a year. Real GDP figures serve as an even more reliable tool in estimating in which direction a country’s economy may be heading, as they are adjusted for inflation and reflect real price developments.
The decision of the newly independent Indian government to adopt a mixed economy, adopting both elements of both capitalist and socialist systems, resulted in huge inefficiencies borne out of the culture of interventionism that was a direct result of the lacklustre implementation of policy and failings within the system itself. When the government of the early 90’s saw the creation of small scale industry in large numbers due to the removal of price controls, the economy started to bounce back, but with the collapse of the Soviet Union – India’s main trading partner – the hampering effects of socialist policy on the economy were exposed and it underwent a large scale liberalization. By the turn of the 21st century, India was rapidly progressing towards a free-market economy. The statistic shows GDP in India from 2012 to 2017, with projections up until 2022. In 2017, GDP in India was at around 2.
Figures have been rounded for the sake of a better understanding of the statistic. You only have access to basic statistics. All products require an annual contract. Everything On “India” in One Document: Edited and Divided into Handy Chapters. Need help with using Statista for your research? About Statista Statista offers dossiers and reports on over 170 industries.