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INDUSTRY & AGRICULTURE. INDUSTRY & AGRICULTURE. Indian Economy. Currency-rupee Fiscal year-april1-march31 US$ 1=48 INR in 2002 Now INR 43 Foreign reserves In 92 –93 almost nil In 2004-05 141 billion US$. GDP Growth.
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INDUSTRY & AGRICULTURE INDUSTRY & AGRICULTURE
Indian Economy • Currency-rupee • Fiscal year-april1-march31 • US$ 1=48 INR in 2002 • Now INR 43 • Foreign reserves • In 92 –93 almost nil • In 2004-05 141 billion US$
GDP Growth Average of 5.7 % Growth in Gross Domestic Product…..to rise to 7.5 by 2006
Agriculture • Largest producer of • Tea-India accounts of 14% of world trade in tea • Jute • Jute fiber • Highest in terms of total milk production in the world. • Third largest producer of cereals in the world : • wheat, rice and pulses. • 58% of population employed in agriculture
Major Industries • Great Transformation from 90’s • Service industry • Pharmaceutical industry • Petrochemicals, Textiles & • manufacturing Industry • Information technology & Telecommunications
Reforms in Service sector • Stock Exchange • Multi National Insurance cos • Multi National banks • Foreign Universities
Modern India-BPO Business Process OutsourcingWhy India? • A booming IT industry recognized all across the world • Vast workforce which is -Educated, English speaking, -Cost-effective -tech-savvy personnel. • Tech-support • India graduates 100,000 engineers each year • a strong force for technical support.
20% Growth rate(crossed 10 millions) Fifth largest network in the world People below poverty line uses cell phones Maximum Public telephone Booths Any operator the right to provide any access service using any technology Telecommunications
Gujarat Business State Of India ! Agriculture • 2/3rd of population employed in agriculture • Largest producer of Cotton, Tobacco and groundnut oil seeds Wheat, Millet and rice • Gujarat accounts to 1/3rd of groundnut seeds in India
Reliance Petrochemicals Jamnagar
Steel Laxmi Mittal Turnover US$10 billion
Amul Anand
Diamond Industry Surat
Thank You President Shri APJ Abdul Kalam Prime Minister Shri Manmohan Singh