The Path of the Indian Economy - A Study (2014 to 2020)

Although the share of industry in GDP remained stable, it underwent significant fundamental changes. During this period, as a process of product restructuring, when a gross value was adjusted, production increased at current prices by 8 percent per annum. Then in 2004-09, the GDP growth rate increased to 20%. At the same prices, the annual but significant increase in employment was also 7.5 percent per annum. The work participation rate was 39.2 percent in 2009-10. Of these, 53 percent were in agriculture and the remaining 47 percent were in non-agricultural sectors. For the first time in the late 2000s, the number of perfect workers in the agricultural sector decreased. Unemployment in the economy as a whole has come down from 8.3 percent in 2004-05 to 6.6 percent in 2009-10. We can say that the Indian economy has performed well since 1991 but now the Indian economy is going through another turbulent period. The growth rate of the Indian economy has been slowing down since 2014. In addition to this, Kovid 19 has spread its legs in India and has slowed down the growth rate. The research paper will conclude the study of the Indian economy from 2014 to 2020, as well as three economic sectors.

Identifier
DOI https://doi.org/10.17026/dans-xz3-fwg9
PID https://nbn-resolving.org/urn:nbn:nl:ui:13-87-fsng
Metadata Access https://easy.dans.knaw.nl/oai?verb=GetRecord&metadataPrefix=oai_datacite&identifier=oai:easy.dans.knaw.nl:easy-dataset:233822
Provenance
Creator Bagde, RAKSHIT Madan ORCID logo
Publisher TUMBE GROUP OF INTERNATIONAL JOURNALS
Contributor Bagde, RAKSHIT Madan; Dr Rakshit Madan Bagde (TUMBE GROUP OF INTERNATIONAL JOURNALS)
Publication Year 2022
Rights info:eu-repo/semantics/openAccess; License: http://creativecommons.org/publicdomain/zero/1.0; http://creativecommons.org/publicdomain/zero/1.0
OpenAccess true
Representation
Resource Type Text
Format application/pdf
Discipline Economics; Humanities; Social and Behavioural Sciences