The Economic Growth Of India - 1944 Words

12 GDP growth GDP growth india 1991-2011 5 | P a g e 1.2 Social or Cultural Changes The economic growth of India has spurred the fundamental change among the country’s consumers. The ability of purchasing power of the poor people is giving a thrust in its economic development and social change among the Indian people. 1.3 Environmental Change Predictions The environmental problem in India is escalating in parallel with the Indian economy. The rapid economic development in tandem with rapid growing of population is putting a strain on the environment, infrastructure, and the country’s natural resources. Domestic waste, Industrial pollution, soil erosion, deforestation, rapid industrialization, urbanization, and land degradation are all worsening problems in India. These problems are affecting the weather of the country therefore draught and deluge is common natural disaster. In 2011, India produces 31.6 gigatonnes (Gt) of carbon-dioxide from fossil-fuel combustion according to preliminary estimates from the International Energy Agency (IEA) (IMF, 2014). 1.4 Government Attitudes to Sustainable Growth The Indian Government has ratified and enacted environmental protocols like Kyoto Protocol. The India GHG Program brings together internationally recognized GHG accounting and measurement tools and methodologies from WRI’s GHG Protocol to create a comprehensive platform that facilitates relevant regional, national, and sectoral benchmarking of GHG emissions and recognizesShow MoreRelatedThe Economic Growth Of India Essay1520 Words   |  7 PagesIntroduction India has experienced lopsided growth across its major sectors especially after the reform process have been initiated in the early 1990s. Studies show that if the pre-reform period is compared with the post-reform period, economic growth has definitely picked up in India. Given the structure of the economy and the state of human capital availability reforms have led to the increase in share of the services sector at the expense of industrial and agricultural sectors. On the other handRead MoreThe Economic Growth Of India Essay4047 Words   |  17 PagesINTRODUCTION The economy of India is based on a sound financial system that helps in accelerating production, capital and economic growth of the country. One of the main objectives of every financial system of modern economy to accumulate savings and to develop saving habits among the people. It also helps the saving to allocate into productive usage such as trade and commerce. The efficient utilization and allocation of the savings helps in increasing the economic growth of the country. 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Introduction: GDP (Gross Domestic Product) is indicator of a nation’s economic Growth- Measured by the market value of all officially recognized final goods and services produced within a country in a given period. Through GDP growth we can measure the economic growth, especially very much useful indicating tools for measuring growth in the least developed countries (LDCs), like Bangladesh, Haiti, Samoa, AfghanistanRead MoreEssay on India China Economic Growth906 Words   |  4 PagesMAIN CATALYSTS TO GROWTH IN CHINA AND INDIA. India with about 1.2 million populations and china with about 1.3 billon population are two big demographic and emerging countries in the world .Over a past few decade India’s combination into the economic has been accompanied by remarkable economic growth (World Bank 2011 ¬).India is having the 3th position on the economy in purchasing power parity (PPP) terms (The Economic Times, 2012). India’s total GDP (gross Domestic Product) growth was 5.5% in 2012