Indian Economy

Gross National product is a measure of national income and output, and is used to estimate the welfare of an economy by totaling the value of goods and services produced in an economy. GNP, along with GDP are the primary measures of national income and output. The key difference between the two is that GDP is the total output of a region, eg. America, and GNP is the total output of all nationals of a region, eg. Americans.

Globalization is the integration of national economies into the international economy through measures such as: trade, foreign direct investment, capital flows, migration, and the spread of technology, so that the people of the world are unified into a single society and function together.

GATT, or the General Agreement on Tariffs and Trade was a treaty, and not an organization. It was the outcome of the failure of negotiating governments to create the International Trade Organization (ITO).

Free trade is aimed at reducing the barriers in an effort to facilitate the trade of goods and services that are not deterred by government-imposed restrictions. The trade of goods and services could happen between or within countries. Government-imposed restrictions increase costs to goods and services, producers, businesses, and customers. The restrictions may include tariffs such as taxes and tariffs, as well as non-tariff barriers, such as regulatory legislation and quotas.

Foreign direct investment, or FDI, is investment made to enterprises operating outside of the economy of the investor. The FDI relationship consists of a parent enterprise and a foreign affiliate which together form an MNC - multinational corporation. In order to qualify as FDI the investment must afford the parent enterprise control over its foreign affiliate.

Deccan today reported about a possible stinted growth of It sector in India. .. The IT applecart will continue to roll for Indian service providers in the coming years, but ‘Growth 2.0’ may be harder to achieve than ‘Growth 1.0’. While the IT/ITeS industry jumped at a compound annual growth rate (CAGR) of 27 per cent between 2002 and 2007, that rate may dip to 18 per cent between 2007 and 2012, country manager with market research firm IDC India, Mr Kapil Dev Singh, projected.

An increase in the Wholesale Price Index due to rise in primary articles and manufactured goods drove India's inflation for April was reported at a 42 month high of 7.57%.

This is a pure statistics article showing the trend of GDP growth in India over the past 11 Years.. India reached a trillion dollar size in as the 12th largest economy in the world in terms of GDP on 25th April 2007. United States economy at 13 Trillion still leads the pack with Japan being the close second at 4 Trillion dollars. 2007 and 2008 GDP stats in the article are estimates and will be updated once the data is released by the appropriate government agencies.

To invest in a decent sized real estate venture in India today, you either have to be ultra rich and even if you are, you have to plunk down a ton of money and wait for a long term to see the returns trickle in. Things are about to change in the Indian Real Estate Investment Trusts / Funds space with a number of funds dropping the minimum investment required to take advantage of these options.