Which sector has recorded a high growth rate during 2013-14?

Which sector has recorded a high growth rate during 2013-14?

The services sector with an around 57 per cent contribution to the gross domestic product (GDP) in 2013-14, has made rapid strides in the last few years and emerged as the largest and fastest-growing sector of the economy.

Which state has the highest poverty ratio as per the economic survey of 2013-14?

The Economic Survey 2013-14 mentions that Odisha along with Madhya Pradesh have the highest percentage of rural poor in the country. The rural poverty HCR for the State stands at 35.7 pc while the urban HCR is 17.3 pc.

Which sector has the lowest share in the GDP in 2013-14?

Share of Agriculture & allied sector has declined at 18.20% in 2013-14. Share of Services sector has improved to 57.03%. Share of Industry sector has also increased to 24.77%. According to CIA Fackbook, sector-wise Indian GDP composition in 2017 is as follows: Agriculture (15.4%), Industry (23%), and Services (61.5%).

What is the main theme of Economic Survey 2020 2021?

The theme for Economic Survey 2021 is “Saving Lives and Livelihoods”. Presenting the highlights of the survey for the year 2021. In FY 2021, the economic contraction is projected at 7.7%. With the farm sector being the silver lining, the GDP growth is estimated at 11% in the financial year 2022.

What was the total GDP of India in 2013-14?

Gross Domestic Product 15. GDP at factor cost at current prices in the year 2013-14 is estimated at `104.73 lakh crore, showing a growth rate of 11.5 percent over the First Revised Estimates of GDP for the year 2012-13 of ` 93.89 lakh crore, released on 31th January 2014.

What was the GDP rank of India in 2013-14?

This rate is 9 -tenths of one percent higher than the figure of 5.5% published in 2012. The GDP figure in 2013 was $1,856,721 million, leaving India placed 10th in the ranking of GDP of the 196 countries that we publish.

Which are the two poorest states of India?

Bihar, Jharkhand and Uttar Pradesh have emerged as the poorest states in India, according to Niti Aayog’s Multidimensional Poverty Index (MPI). As per the index, 51.91 per cent population of Bihar is poor, followed 42.16 per cent in Jharkhand, 37.79 per cent in Uttar Pradesh.

Which state has highest poverty in India?

As per the MPI, 51.91 per cent population of Bihar is poor, thereby becoming the poorest country in the country. The data shows that 42.16 per cent of people in Jharkhand are poor followed by 37.79 per cent in Uttar Pradesh and 36.65 per cent in Madhya Pradesh.

Who is called the father of economics?

Adam Smith was an 18th-century Scottish philosopher. He is considered the father of modern economics. Smith is most famous for his 1776 book, “The Wealth of Nations.”

What is the GDP rate of 2013 and 14?

6.9 per cent
The Modi Government, on Friday, sharply revised India’s 2013-14 GDP growth estimate to 6.9 per cent from 4.7 per cent. The 2012-13 growth estimate was revised to 5.1 per cent from 4.5 per cent.

What are the main highlights of the 2014 Economic Survey?

IMPORTANT HIGHLIGHTS of ECONOMIC SURVEY 2014 CHAPTER 1: STATE OF THE ECONOMY AND PROSPECTS Economy to grow in the range of 5.4 – 5.9 per cent in 2014-15 overcoming sub-5 percent growth. Growth slowdown was broad based, affecting in particular the industry sector.

What is the Economic Survey?

Economic Survey performs an analysis of last financial year, lays down objectives for next financial year, finds the challenges and concerns, suggests the solutions that can be taken and forecasts the economic situation of next year. This document is presented to both houses of Parliament during the Budget Session.

What was the fiscal outcome of the central government in 2013-14?

The fiscal outcome of the central government in 2013-14 was achieved despite the macroeconomic challenges of growth slowdown, elevated levels of global crude oil prices, and slow growth of investment. High inflation, particularly food inflation, was the result of structural as well as seasonal factors.

What has been the performance of coal sector in Twelfth Plan?

The performance of the coal sector in the first two years of the Twelfth Plan has been subdued with domestic production at 556 MT in 2012-13 and 566 MT in 2013-14. A total length of 21,787 km of national highways has been completed till March 2014 under various phases of the NHDP.