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India Economy Indicators
What is Economy? : Economists say that economics is the study of scarcity. That’s because resources, such as workers, land and raw materials, are limited – while the demand for them is infinite. Basically, we always want more. So the simplest answer is that an economy is a system for distributing scarce resources
Coming down from such a 30,000 feet level definition, a slightly more detailed answer could be:
- An economy is a system of interrelated production and consumption activities that ultimately determine the allocation of resources within a group
- The production and consumption of goods and services fulfills the needs of those living and operating within an economy
- Market-based economies, also called free market economies, are self-regulated, allowing goods to be produced and distributed in response to demand from consumers
- Command-based economies are regulated by a government body that determines the goods that are produced, their quantities, and their prices
- In the modern world, only a few economies are either purely market-based or purely command-based
The four most common expressions that are used to describe an Economy are: GDP / Inflation / Employment (read Unemployment) and Inequality, with the first being the most talked about concept
The main economic players, also called Economic Agents, in an Economy are households, businesses, governments, and the foreign sector (some conventions consider Financial Institutions as the fifth player in the econmy while some club them along with Government)
Overview of National Accounts Statistics (NAS)
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Explore Economic indicators:
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Output GVA
GDP Current Prices
GDP Constant Prices
GDP Expenditure Side Current
GDP Expenditure Side Constant
Per Capita GDP
GVA Economic Activity Current
GVA Economic Activity Constant
Share in GVA Current Prices
Share in GVA Constant Prices
PFCE Components Current Prices
PFCE Components Constant Prices
PFCE Components Current Share
PFCE Components Constant Share
Net Capital Stock
Net State Domestic Product Current Prices
Net State Domestic Product Constant Prices
India Oil Non Oil Trade / Graphically explore trends
Exports of Major Commodities
Imports of Major Commodities
India Invisibles
BOP Key Components
Prices of Gold and Silver
Wholesale Price Index Annual
Wholesale Price Index Monthly
Index of Industrial Production Annual
IIP Use Based Annual
Index of Industrial Production Monthly
IIP Use Based Classification Monthly
Index Core Industries Yearly
Index Core Industries Monthly
Market Borrowings of Centre / States
Pattern of State Governments Receipts