Over the next few decades, the Indian economy is forecast to become one of the world’s fastest-growing economies – adding an estimated $400bn a year to its GDP. During the twentieth century the Indian economy often struggled to increase living standards, but in the past decade has started to throw off the shackles of colonialism, …
After several decades of sluggish growth, the Indian economy is now among the fastest growing economy in the world. Economic growth is currently 7-8%, and set to outstrip China. Despite several problems facing the Indian economy, many economists point to potential strengths of the Indian economy which could enable it to continue to benefit from …
Since 1991, the Indian economy has pursued free market liberalisation, greater openness in trade and increase investment in infrastructure. This helped the Indian economy to achieve a rapid rate of economic growth and economic development. However, the economy still faces various problems and challenges, such as corruption, lack of infrastructure, poverty in rural areas and …
The biggest absolute emissions of CO2 come from China and the United States. Source: World Bank CO2 emissions (kt) In recent years, China has accelerated past the United States and is the biggest polluter in absolute terms, (which is unsurprising given China’s population and fast economic growth. India is also catching up.) Biggest CO2 Polluters …
Countries with the highest government spending as a share of GDP. The countries with the highest levels of government spending as % of GDP are predominantly Western Europe and Scandinavia in particular. The countries with the lowest government spending as a % of GDP tend to be poor developing economies. The one notable exception is …
Definition: Gross fixed capital formation is essentially net investment. It is a component of the Expenditure method of calculating GDP. To be more precise Gross fixed capital formation measures the net increase in fixed capital. Gross fixed capital formation includes spending on land improvements, (fences, ditches, drains, and so on) plant, machinery, and equipment purchases; …
GDP per capita is a measure of average income per person in a country. GDP stands for Gross Domestic Product. This measure National income / National Output and National expenditure. GDP per capita divides the GDP by the population. Real GDP per capita takes into account inflation. World Map of GDP per Capita
I have quite a few readers in India, so I’d like to have a brief look at the Indian economy and it’s prospects for the coming year. After spending so much time looking at the (rather depressing) economics of austerity in Europe and UK, it makes a welcome change to look at a developing economy …