EEB ASSIGNMENT

BY
G.INDIRA TEJA
SEC: C
ROLL NO: 131350

INTRODUCTION:
GROSS DOMESTIC PRODUCT:
The monetary value of all the finished goods and services produced within a country's
borders in a specific time period, though GDP is usually calculated on an annual basis. It
includes all of private and public consumption, government outlays, investments and
exports less imports that occur within a defined territory.
GDP = C + G + I + NX
GNP:

An economic statistic that includes GDP, plus any income earned by residents from
overseas investments, minus income earned within the domestic economy by overseas
residents.
NNP:
The monetary value of finished goods and services produced by a country's citizens,
whether overseas or resident, in the time period being measured (i.e., the gross national
product, or GNP) minus the amount of GNP required to purchase new goods to maintain
existing stock (i.e., depreciation).
NDP:
An annual measure of the economic output of a nation that is adjusted to account for
depreciation, calculated by subtracting depreciation from the gross domestic product
(GDP).
LPG (LIBERALISATION, PRIVATISATION, GLOBALISATION):

Indian economy had experienced major policy changes in early 1990s. The new economic
reform, popularly known as, Liberalization, Privatization and Globalization (LPG model)
aimed at making the Indian economy as fastest growing economy and globally competitive.
The series of reforms undertaken with respect to industrial sector, trade as well as financial
sector aimed at making the economy more efficient

Impact on Indian economy:

The low annual growth rate of the economy of India before 1980, which stagnated around
3.5% from 1950s to 1980s, while per capital income averaged 1.3%.At the same time,
Pakistan grew by 5%, Indonesia by 9%, Thailand by 9%, South Korea by 10% and in Taiwan
by 12%.
Only four or five licenses would be given for steel, power and communications. License
owners built up huge powerful empires.
A huge public sector emerged. State-owned enterprises made large losses.
Infrastructure investment was poor because of the public sector monopoly.

License Raj established the "irresponsible, self-perpetuating bureaucracy that still exists
throughout much of the country" and corruption flourished under this system.
The low annual growth rate of the economy of India before 1980, which stagnated around
3.5% from 1950s to 1980s, while per capital income averaged 1.3%.At the same time,
Pakistan grew by 5%, Indonesia by 9%, Thailand by 9%, South Korea by 10% and in Taiwan
by 12%.
Only four or five licenses would be given for steel, power and communications. License
owners built up huge powerful empires.
A huge public sector emerged. State-owned enterprises made large losses.
Infrastructure investment was poor because of the public sector monopoly.
License Raj established the "irresponsible, self-perpetuating bureaucracy that still exists
throughout much of the country" and corruption flourished under this system.
It frees the resources for a more productive utilization.
Private concerns tend to be profit oriented and transparent in their functioning as private
owners are always oriented towards making profits and get rid of sacred cows and hitches in
conventional bureaucratic management.
since the system becomes more transparent, all underlying corruptions are minimized and
owners have a free reign and incentive for profit maximization so they tend to get rid of all
free loaders and vices that are inherent in government functions.
Gets rid of employment inconsistencies like free loaders, or over employed departments
reducing the strain on resources.

Year

GDP at
Factor
Cost

GDP at
Market
Prices

NDP at
Market
Prices

NDP at
Factor
Cost

199091
199192
199293
199394
199495
199596
199697
199798
199899
199900
200001
200102
200203
200304
200405
200506
200607
200708
200809
200910
201011
201112
201213

5318.13

5862.12

5335.62

4791.63

6135.28

6738.75

6092.48

5489.01

7037.23

7745.45

7004.07

6295.85

8179.61

8913.55

8084.98

7351.04

9553.85

10455.9

9488.42

8586.37

11185.86 12267.25 11141.39 10060

13017.88 14192.77 12894.29 11719.4
14476.13 15723.94 14251.27 13003.46
16687.39 18033.78 16396.37 15049.98
18582.05 20231.3

18366.58 16717.33

20007.43 21774.13 19705.21 17938.51

21752.6

23558.45 21269.96 19464.11

23438.64 25363.27 22901.46 20976.83

26258.19 28415.03 25693.48 23536.64
29714.64 32422.09 29223.18 26515.73
33905.03 36933.69 33296.48 30267.82
39532.76 42947.06 38759.77 35345.47
45820.86 49870.9

45023.94 40973.9

53035.67 56300.63 50648.66 47383.7

61089.03 64778.27 58180.28 54491.04
72669.66 77953.13 70325.13 65041.66
83534.95 89749.47 80982.17 74767.65
94610.13 100206.2 90272.13 84676.06

1990-91
1992-93
1994-95
1996-97
1998-99
2000-01
2002-03
2004-05
2006-07
2008-09
2010-11
2012-13

amount in billions

1990-91
1992-93
1994-95
1996-97
1998-99
2000-01
2002-03
2004-05
2006-07
2008-09
2010-11
2012-13

Amount in billions

1990-91
1992-93
1994-95
1996-97
1998-99
2000-01
2002-03
2004-05
2006-07
2008-09
2010-11
2012-13

amount in billions
100000
90000
80000
70000
60000
50000
40000
30000
20000
10000
0
NDP at Market Prices

year

90000

80000

70000

60000

50000

40000

30000

20000
NDP at Factor Cost

10000

year

100000
90000
80000
70000
60000
50000
40000
30000
20000
10000
0

GDP at Factor Cost

year

1990-91
1992-93
1994-95
1996-97
1998-99
2000-01
2002-03
2004-05
2006-07
2008-09
2010-11
2012-13

amount in billions

1990-91
1992-93
1994-95
1996-97
1998-99
2000-01
2002-03
2004-05
2006-07
2008-09
2010-11
2012-13

amount in billions

1990-91
1992-93
1994-95
1996-97
1998-99
2000-01
2002-03
2004-05
2006-07
2008-09
2010-11
2012-13

amount in billions
120000

100000

80000

60000

40000
GDP at Market Prices

20000

year

120000

100000

80000

60000

40000
GDP at Factor Cost

20000
GDP at Market Prices

year

100000
90000
80000
70000
60000
50000
40000
30000
20000
10000
0

NDP at Market Prices

NDP at Factor Cost

year

1990-91
1992-93
1994-95
1996-97
1998-99
2000-01
2002-03
2004-05
2006-07
2008-09
2010-11
2012-13

ampunt in billions

1990-91
1992-93
1994-95
1996-97
1998-99
2000-01
2002-03
2004-05
2006-07
2008-09
2010-11
2012-13

amount in billions

1990-91
1992-93
1994-95
1996-97
1998-99
2000-01
2002-03
2004-05
2006-07
2008-09
2010-11
2012-13

amount in billions
100000
90000
80000
70000
60000
50000
40000
30000
20000
10000
0
GNP at Factor Cost

year

100000
90000
80000
70000
60000
50000
40000
30000
20000
10000
0
GNP at Market Prices

year

120000

100000

80000

60000

40000

NNP at Market Prices

20000

year

1990-91
1992-93
1994-95
1996-97
1998-99
2000-01
2002-03
2004-05
2006-07
2008-09
2010-11
2012-13

amount in billions

1990-91
1992-93
1994-95
1996-97
1998-99
2000-01
2002-03
2004-05
2006-07
2008-09
2010-11
2012-13

amount in billions

1990-91
1992-93
1994-95
1996-97
1998-99
2000-01
2002-03
2004-05
2006-07
2008-09
2010-11
2012-13

amount amount is billions

100000
90000
80000
70000
60000
50000
40000
30000
20000
10000
0
NNP at Factor Cost

year

100000
90000
80000
70000
60000
50000
40000
30000
20000
10000
0
GNP at Factor Cost

GNP at Market Prices

year

120000

100000

80000

60000

40000

NNP at Market Prices

20000

NNP at Factor Cost

year

Conclusion:
In India 2013 is worse than in it was in 1991 . Today, major OECD economies are looking much more

inward than before, trying to fix their own domestic economy and polity. Emerging economies
like India, which managed to avoid until 2011 the negative impact of the global financial crisis,
began to dramatically slowdown after 2011. Most of the BRICS economies have lost over four per
cent off their peak GDP growth rates experienced until 2010.

References:
www.rbi.or.in