Infrastructure Sector Growth Rate in India GDP
Infrastructure Sector Growth Rate in India GDP
Infrastructure Sector Growth Rate in India GDP
Prepared by:
Romil Sangoi (2010133)
Indian Economy
India gross domestic product (GDP) means the total
value of all the services and goods that are
manufactured within the borders of the country
within the specified period of time.
GDP of US$ 1.09 trillion in 2007.
Second major growing economy in the whole world.
GDP growing at the rate of 9.4% in 2006- 2007.
Infrastructure Sector Growth Rate in
India
The Infrastructure Sector in India was after
independence completely in the hands of the public
sector and this hampered the growth of this sector.
The amount that India was spending on the
Infrastructure Sector was 6% of GDP or US$ 31 billion
in 2002.
But in the last few years the growth of Infrastructure
Sector is on a rise.
The Growth Rate of the Infrastructure Sector in India
GDP has given a major boost to the country's economy.
Contribution of the Infrastructure
Sector in the India GDP
Infrastructure Sector Growth Rate in India GDP came
to 3.5% in 1996- 1997 and the next year, this figure was
4.6%.
The Growth Rate of the Infrastructure Sector in India
GDP increased after the Indian government opened
the sector to 100% foreign direct investment (FDI).
This was done in order to boost the Infrastructure
Sector in the country.
The Infrastructure Sector Growth Rate in India GDP
has increased at the rate of 9%.
Conclusion
Infrastructure Sector Growth Rate in India GDP thus
has increased over the last few years due to the efforts
that have been made by the Indian government. The
government of India must continue to take steps to
improve the Infrastructure Sector in the country. For
this in its turn will help to boost the Indian economy
in future.