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Table of Contents
Trend Growth: Economic Growth in the 2010s 1
Economic Structure: An even more of a services economy 2
Household Consumption 3
Expenditure of Households: Food 4
Expenditure of Households: Services 5
Consumer Durables Penetration Rates (%) 6
Energy Consumption 7
Consumption of Agriculture Commodities 8
Poverty 9
Additional Employment Generation (millions) 10
Fastest Growing Non-Agri Occupations in the 2010s (millions) 11
Urbanization 12
Income Distribution 13
Comparison of Standard of Living – States and Countries 14
Education Profile 17
Trend Growth: Economic Growth in the 2010s
Year Agriculture, Forestry & Fishing Mining & Quarrying Manufact-uring Electricity, Gas & Water Supply Construc-tion Trade, Hotels & Restaurant Transport, Storage & Communication Financing, Insurance, Real Estate & Business Services Community, Social & Personal Services Gross Domestic Product At Factor Cost
1980s 2.97% 7.39% 5.95% 8.76% 3.73% 5.89% 6.00% 9.26% 6.23% 5.17%
1990s 3.34% 4.41% 6.91% 7.30% 4.84% 8.51% 7.86% 7.95% 6.50% 6.05%
2000s 3.38% 5.61% 8.26% 5.12% 11.60% 9.35% 15.26% 9.82% 5.96% 8.13%
2010s 3.39% 5.61% 8.28% 5.12% 11.60% 9.39% 16.22% 10.13% 6.20% 9.62%
Source: District Domestic Product of India, 2009-10, Indicus Analytics.
The trends of the 2000s will continue – but growth will be much faster – Agriculture investment will finally resume after many decades of relative sparseness, but this sector could well grow much faster than the expected 3.4% - a rural road network has been built up, high agri commodity prices would improve terms of trade towards this sector, rural human capital has improved tremendously in the 2000s, new technologies are about to enter on a mass scale, agri reforms such as the APMC acts are being overhauled. However, we would need to wait till the 2020s for the full impact of these changes to be felt – for the time being agriculture (including forestry and fishing) would barely sustain its 3.4%
Trend Growth: Economic Growth in the 2010s 1
Economic Structure: An even more of a services economy 2
Household Consumption 3
Expenditure of Households: Food 4
Expenditure of Households: Services 5
Consumer Durables Penetration Rates (%) 6
Energy Consumption 7
Consumption of Agriculture Commodities 8
Poverty 9
Additional Employment Generation (millions) 10
Fastest Growing Non-Agri Occupations in the 2010s (millions) 11
Urbanization 12
Income Distribution 13
Comparison of Standard of Living – States and Countries 14
Education Profile 17
Trend Growth: Economic Growth in the 2010s
Year Agriculture, Forestry & Fishing Mining & Quarrying Manufact-uring Electricity, Gas & Water Supply Construc-tion Trade, Hotels & Restaurant Transport, Storage & Communication Financing, Insurance, Real Estate & Business Services Community, Social & Personal Services Gross Domestic Product At Factor Cost
1980s 2.97% 7.39% 5.95% 8.76% 3.73% 5.89% 6.00% 9.26% 6.23% 5.17%
1990s 3.34% 4.41% 6.91% 7.30% 4.84% 8.51% 7.86% 7.95% 6.50% 6.05%
2000s 3.38% 5.61% 8.26% 5.12% 11.60% 9.35% 15.26% 9.82% 5.96% 8.13%
2010s 3.39% 5.61% 8.28% 5.12% 11.60% 9.39% 16.22% 10.13% 6.20% 9.62%
Source: District Domestic Product of India, 2009-10, Indicus Analytics.
The trends of the 2000s will continue – but growth will be much faster – Agriculture investment will finally resume after many decades of relative sparseness, but this sector could well grow much faster than the expected 3.4% - a rural road network has been built up, high agri commodity prices would improve terms of trade towards this sector, rural human capital has improved tremendously in the 2000s, new technologies are about to enter on a mass scale, agri reforms such as the APMC acts are being overhauled. However, we would need to wait till the 2020s for the full impact of these changes to be felt – for the time being agriculture (including forestry and fishing) would barely sustain its 3.4%