Government(both the central and state) 3.Agent and advisor to the Government 4.Banker to the bankers 5.Acts as the clearing house of the country 6.Lender of the last resort 7.Custodian of the foreign exchange reserves 8.Maintaining the external value of domestic currency 9.Controller of forex and credit 10.Ensures the internal value of the currency 11.Publishes the Economic statistical data 12.Fight against economic crisis and ensures stability of Indian economy. B) Promotional functions 1.Promotion
Premium Gross domestic product India Biotechnology
Provide a brief summary of the GDP trends over the past few years and discuss events which may have caused these trends. Gross Domestic Product (GDP) is the key concept in the national income and product accounts. It is the total market value of a country’s output‚ the market value of all final goods and services produced within a given period of time by factors of production located within a country. The GDP
Premium Gross domestic product Economic growth Economics
sectors. Such a role was justified at that time because immediately after independence‚ India was facing basic problems—deficiency of capital and low capacity to save. The target growth rate was 2.1% annual gross domestic product (GDP) growth; the achieved growth rate was 3.6%[5] The net domestic product went up by 15%. The monsoon was good and there were relatively high crop yields‚ boosting exchange reserves and the per capita income‚ which increased by 8%. National income increased more than the per
Premium Government of India India Gross domestic product
Australia’s GDP and Government Expenditure GDP or Gross Domestic Product measures the value of production and the income earned from that production that occurs within a nation’s boundaries (Hill‚ 2007). The total GDP value of Australia currently represents a 2.45 percent of the world economy. From 1960 to 2012 the yearly average of the Australian GDP was 325.7 USD Billion‚ with a reported all time high of 1520.6 USD Billion in December of 2012 and record low of 18.6 USD Billion in December of
Premium Gross domestic product Australia Government spending
economy as a whole‚ rather than individual markets. Macroeconomists study aggregated indicators such as GDP‚ unemployment rates‚ and price indices to understand how the whole economy functions. More precisely‚ I want to talk about GDP which is Gross Domestic Product. GDP measures two things at once: 1. the total income of everyone in the economy. 2. The total expenditure on the economy’s output of goods and services. Why? Because for the economy as a whole‚ income must equal expenditure “for every buyer
Premium Goods Gross domestic product Macroeconomics
Economic Health This memo is to all team members who have been assigned the task of determining the country ’s economic health. This memo will explain how the team will recognize and realistically determine the tool is used to determine Gross Domestic Product (GDP) to size up goods and services‚ which are generated in the United States during a set time frame. The GDP measures the economic output of the country‚ which is closely monitored by the Federal Reserve to decide whether or not if the economy
Free Economics Macroeconomics Economic growth
HOW FAR AND WIDE? A COINTEGRATION ANALYSIS OF TRADE OPENESS AND ECONOMIC GROWTH IN NIGERIA (1980-2011) OGUNRINOLA‚ Ifeoluwa Israel (CUGP120397) Department of Economics and Development Studies‚ Covenant University‚ Ota‚ Nigeria. ______________________________________________________________________________ ABSTRACT The study examines the relationship between trade openness and economic growth in Nigeria but focuses on how wide in terms of volume the nation should be towards foreign trade. The
Premium International trade Economics Free trade
election-related spending‚ before cooling to 3.7% in 2011. The economy weathered the 2008-09 global recession better than its regional peers due to minimal exposure to troubled international securities‚ lower dependence on exports‚ relatively resilient domestic consumption‚ large remittances from four- to five-million overseas Filipino workers‚ and a growing business process outsourcing industry. Economic growth in the Philippines averaged 4.5% during the MACAPAGAL-ARROYO administration (January 2001 -
Premium Macroeconomics Tax Inflation
present day there have been many economic researchers studying economic growth in a variety of different combinations of economies around the world. There is not only one way to analyse economic growth‚ however the gross domestic product is commonly adopted. Gdp‚ short for gross domestic product‚ is the total amount of goods and services produced by the country in one year. Gdp growth can occur most simply when the amount of goods and services a country produces is increased‚ or a growth in gdp could
Premium Investment Economic growth Economics
in economic growth which is mostly estimated with GDP. The National Economic and Social Development Board said the second quarter gross domestic product is 4.9%‚ year to year percentage change‚ slowing from 6.1% rate in the first quarter. At the same time‚ exports in the second quarter increased by 16% from a year earlier. Agricultural and electronic products are the majority of exports. The political situation of Thailand leads many business to delay investment decisions. Free-trade talks
Premium Inflation Monetary policy Macroeconomics