India Brand Equity Foundation

In India, the country's national income grew slowly but steadily. It is evident from the Rs 2, 69,624 in 1950/51 to Rs 49,58,849 for 2011/12, which showed a growth of 173 8.5% over the last 61 years, that Indian national earnings at the prices of 2004/5 have increased by 1738.5%.  Also, national income in India rose from Rs 9,820 in 1950-51 to Rs 1,12.17,079 in 2014-15 which showed an increase of 1141 times over the current 64-year period. The sectoral share of national revenues is a significant measure of the extent of economic growth. Agriculture, forestry, fishing, and mining contributions by the primary sector gradually decreased from 56.4% of GDP in 1950-51 to 45.8% in the 1970-71 period, then finally to 19.07% in 2014-2015. In speeding a country's rate of economic development , capital formation plays an important role. The expected gross domestic savings in India since planning started would be of great interest. The gross domestic savings rate has risen dramatically in ...

  Rural growth is a subject that is fairly easy to grasp but difficult to execute. It focuses on the upliftment and growth of rural economies, which are facing severe problems of poverty and are effectively trying to improve their competitiveness. It also stresses the need to resolve different pressing issues affecting village economies that impede and promote development in these regions.  An example of an agrarian economy is the rural economy. While farming and agriculture are one of the most significant primary activities, the problem lies in the persistent decline in their share of the agricultural sector's GDP. At the same time, nearly two-thirds of the population of India relies on agriculture. As a consequence, efficiency is not up to the mark, with circumstances just deteriorating.  Also, the downturn in public spending since 1991 has been related to a lack of sufficient infrastructure, credit, transport, housing, etc. From now on, agricultural production increase...