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India's GDP growth from 2004 | economics



GDP growth for every 5 years from fiscal year 2004-05

Every government have tried there best for the uplifting of the social life of common man.
But also there where huge back set of scams being encountered like coal scam, Commonwealth (CWG scam), 2G, and more to say.
Some say that scams are the root cause to hinder the countries economy. Not only India but every country is trying there best to reach the number one position in the world ranking.
India being a third world country has much more opportunity then the first and second world countries.
Our country has seen the worst economic downfall in the 90's in the year 1991 the GDP growth was staggering low as 1.1% worst compared to any year.
From the advent of 21st century the growth in the GDP as shown nominal increase but from the past 10 years India’s GDP is stable and is a sixth largest GDP in the world which stands around $2.395 trillion.


Average GDP growth rate

the percentage GDP is shown from 2004 to 2017 the year 2012 was worst hit among the all with a staggering lowest of the 2 decades of 5.5%.

A table showing percent GDP from 2004 to 2017



the bar graph below shows the GDP for every year from 2004
the blue bar graph for years between 2004-2009 and orange bargraph shows for years from 2009-2014 and the green bar graph shows year from 2014-2018.


percent GDP increase from 2004

source: world bank 

Although India has been in the recent years has maintained its GDP from 2013, It hit a low growth of 6.7 % in the year 2017 and is expected to do better in fiscal year 2018-19. 



Comments

  1. Nice one.... would like to read about INDIAN HISTORY....BEST OF INDIA.....from u...plz write about it some day

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