how the indian economy affects the employment rate in india.

1. HOW DOES IT AFFECTS US AND WHAT
ROLE IT PLAYS IN OUR LIFE

2. PRELUDE
 GDP
 ROLE OF GDP IN INDIAN ECONOMY
 PRESENT STATUS OF INDIAN GDP
 HOW GDP AFFECTS US
 CONCLUSION

3. GDP
 The concept of GDP was first developed by Simon Kuznets for
a US Congress report in 1934. GDP estimates are commonly
used to measure of the economic output of a whole country or
region, but can also measure the relative contribution of an
industry sector. This is possible because GDP is a measure of
'value added' rather than sales; it adds each firm's value added
(the value of its output minus the value of goods that are used
up in producing it). For example, a firm buys steel and adds
value to it by producing a car; double counting would occur if
GDP added together the value of the steel and the value of the
car.

4. ROLE OF GDP IN INDIAN ECONOMY
 The economy of India is the tenth-largest in the world by nominal
GDP and the third-largest by purchasing power parity(PPP). The country
is one of the G-20 major economies, a member of BRICS and a developing
economy that is among the top 20 global traders according to
the WTO. India was the 19th-largest merchandise and the 6th largest
services exporter in the world in 2013; it imported a total of $616.7
billion worth of merchandise and services in 2013, as the 12th-largest
merchandise and 7th largest services importer. India's economic growth
slowed to 4.7% for the 2013–14 fiscal year, in contrast to higher economic
growth rates in 2000s. IMF projects India's GDP to grow at 5.4% over
2014-15. Agriculture sector is the largest employer in India's economy but
contributes a declining share of its GDP (13.7% in 2012-13). Its
manufacturing industry has held a constant share of its economic
contribution, while the fastest-growing part of the economy has been its
services sector - which includes construction, telecom, software and
information technologies, infrastructure, tourism, education, health care,
travel, trade, banking and others components of its economy.

5. TOP 10 GDPs OF THE WORLD
Rank Country/Region GDP (Millions of US$)
World 72,689,734
1 United States 16,244,600
2 China 8,358,400
3 Japan 5,960,180
4 Germany 3,425,956
5 France 2,611,221
6 United Kingdom 2,471,600
7 Brazil 2,254,109
8 Russia 2,029,812
9 Italy 2,013,392
10 India 1,875,213

6. GDP OF INDIA
AGICULTURE UNEMPLOYMENT
 Agricultural and allied sectors
accounted for about 52.1% of the
total workforce in 2009–10. While
agriculture employment has fallen
over time in percentage of labor
employed, services which includes
construction and infrastructure
have seen a steady growth
accounting for 20.3% of
employment in 2012-13. Of the
total workforce, 7% is in the
organised sector, two-thirds of
which are in the government
controlled public sector. About
51.2% of the labour in India is self-
employed.
 Unemployment in India is
characterised by chronic
(disguised) unemployment.
Government schemes that target
eradication of both poverty and
unemployment (which in recent
decades has sent millions of poor
and unskilled people into urban
areas in search of livelihoods)
attempt to solve the problem, by
providing financial assistance for
setting up businesses, skill honing,
setting up public sector
enterprises, reservations in
governments, etc.

7. PRESENT STATUS OF INDIAN GDP

The Indian economy expanded by 5.7 percent during the first quarter of the current financial
year to log the highest growth yet in nine quarters or over two years.
GDP which is the aggregate market value of all the goods and services produced in the
country, had expanded by just 4.6 percent in the previous quarter, that is January-March,
and by 4.7 percent in the like quarter of last fiscal.
The 5.7 percent growth in April-June quarter is also the highest since the 6 percent increase
logged during October-December quarter of 2011-12, as per data compiled by the Central
Statistics Office (CSO).
On foreign investment climate, Jaitley said there has been a sea change in investor
sentiment as they have shown interest in investment opportunities in India.
"In terms of investment mood, there is a sea change. We created a special mechanism for
resolution of tax disputes. We have allayed investor fears on retrospective tax," Jaitley said.
In recent times the overall expectation of a further reform push by the new government and
the quick notifications for the hike in foreign direct investment (FDI) limits in defence and
railways have led to positive investor sentiments.

8. EFFECT OF GDP ON
US
 The reported rate of inflation for the month of
October was 9.73%. The inflation rates have
been hovering at a high level for almost a year
now. Rising prices of domestic food,
manufactured goods and fuel are a few reasons
why inflation has been so high.
 A high inflation rate has a severe impact on the
society. No wonder than that the common man
has been at the receiving end of the effects of
inflation like never before. The RBI has been
continuously raising the interest rates in its
bid to control inflation. This naturally means
that any hopes of lesser interest rates vanish
into thin air even before they materialize. All in
all, it is a double whammy for the common
man that he/she seems ill equipped to handle.

9. UNEMPLOYMENT
 Looking at the data and corresponding trend
line, we see that when economic growth has
been low or negative, the percentage change in
the unemployment rate is positive, meaning that
the unemployment rate increased when
measured year over year. And that's what we
would expect. When the year over year GDP
growth rate is solidly positive, we see that that
the year over year change in the unemployment
rate is negative, indicating that the
unemployment rate fell with a strongly growing
economy, which is also what we would expect.

10. CONCLUSION
 With this presentation I conclude my ppt with a
simple motto and that is each and every one of us
should be aware of the economy of our country.
Not just that it plays an important part in our
lives but also it helps us to manage our lives
perfectly.