Indian Economy and Development: Assignment - 1

GDP of the Country

Visit the website of the ministry of finance, or the central bank, or the national institute of statistics of your country and search for GDP data (you may also find such data on the IMF website, or the website of other international organizations, such as the World Bank or the OECD).

How much is GDP in your country?

If available, check the sectoral composition of GDP (that is, using the production approach). What are the three sectors that contribute the most to GDP in your country? What share of GDP do they contribute to?

What is the composition of GDP according to the expenditure approach? How large are consumption and investment as a share of GDP?

Please, write a short paragraph summarizing your findings.

Saving Investment of the Country

Go back to GDP data for your country.

Compute GNI and GNDI in the past 5 years. Are these very different from GDP? How much larger/smaller is GNDI relative to GDP (in percent of GDP)?

Compute absorption, saving, and investment in percent of GDP over the past 5 years and describe the evolution of national saving and investment. What do you observe? Has saving increased or decreased? How about investment?

Find GDP data of countries similar to yours (the IMF Data Mapper will be very useful for this purpose—a video in the Introduction explains how to access and use this tool). These can be neighboring countries, or countries of a similar GDP level, or countries the economy of which has a similar structure (for example, if your country is an exporter of oil or other commodities you may want to look at other exporters of oil or commodities; if your country is a small open economy you may want to look at other small open economies).

How do your country’s saving and investment (in percent of GDP) compare with those of peer countries?

How have these evolved over the past 5 years in peer countries?

Please, write a short paragraph summarizing your finding.

Growth and Inflation

Find out what real growth and inflation have been in your country in the past 5 years.

What has been the growth performance over the past 5 years? Has growth increased, decreased, or remained broadly the same?

What about inflation? How does this relate, if at all, with the growth performance over the same period? Has your country been experiencing a positive or a negative output gap over this period?
What factors are attributed, in the economic debate of your country, to your country's growth performance and inflation?

Compare growth and inflation of your country to that of other countries, in particular major trading partners. Check if there is any commonality between them.

Please, write a short paragraph summarizing your findings.

Contribution to GDP Growth:

Find data on the expenditure components of GDP for your country.

What are the share of consumption, investments, exports, and imports to GDP? How have these evolved over the past 5 years?

How much did consumption, investments, exports, and imports grow during the past 5 years? What can help explain the development in consumption, investment, exports and imports in your country, over the past 5 years?

Which, among consumption, investment, exports, and imports, contributed the most to GDP growth over the past five years?

Please, write a short paragraph summarizing your findings: