The Growth of Gross Domestic Product The new paradigmatic shifts, since the liberalisation process took off, after unshackling the socialistic edifice, has brought a perceptible change in the Indian economy. The growth in real Gross Domestic Product (GDP) during the last three years, i.e. during 1994-1997, ranged from 7.2% to 7.5%. The current year, 1997-98 is an exception at 5%. While growth in industry averaged 9.5% during the same period, it is down to 4.2% for the year ended 1997-98. The trend seems to be in symphony with the overall slowdown in the Asian markets. Over 26% of the GDP component is dominated by the Agricultural sector, having clocked a production of 198.2 mln tons in 1996-97, while 1997-98 saw a decline to 194.1 mln tons. The share of Gross Domestic Savings (GDS) to GDP increased to 26.1% in 199....

Number Of Pages: 5

Number Of Words: 1125

Got a term paper due soon and need some help quick? You have come to the right place. Essay Galaxy has over 50,000 essays, papers, and reports available for download right now! Get ideas from thousands students just like you to help make that essay perfect. Don't hesitate. Join today and get instant access to our enormous database.

Membership Options Price Savings   1 month subscription    $19.95 recurring * 3 months subscription    $39.95 recurring $19.90 6 months subscription    $69.95 non-recurring $49.75