Hi investor,
We are group of voluntary people in India planned to reach to all those people like you who seek financial education. Our expertise includes investments, insurance, savings, financial planning strategies, Liquid asstes, fixed assets. There'll be a new post on every monday and this will be soon released as podcast in all of the freesourcing podcast networks. We'll be showing you a wide-range of financial product available outside, evolving market trends, tracking top listing fintech products and all the related topics.
India at GDP $ 2.6 lakh crore , is at very high potential 6.6 percent annual change while compared to USA with only 2.5% change in their GDP. However india is far behind US in total GDP which is $ 19.39 lakh crore USD. Besides with growing inflation which is 3.1 as of 2017.
NOTE:All the above figures are references from wikipedia
But why do people relate this to the economy of the country. And what role has it to play with each individual of the country. Fundementally we have to go the basics of the GDP. Gross Domestic product as defined by wiki is
"Gross domestic product (GDP) is a monetary measure of the market value of all the final goods and services produced in a period of time, often annually or quarterly."
So in a phrase GDP is net worth of all products and services in an economy which includes the total asset value of reliance, tata, adani, birla and every spick and span. It's no big deal for a country like india populated with 133.92 crores to have a net GDP of $ 2.6 lakh crore. Which distributes approximately Rs.1940 to each individual. So let us say I kept the retained Rs.1940 now and I did check the same in 10 years from now. Now the sad news is the value of 1940 is changed. Which is called inflation rate.
Therefore being an investor, we need these both terms to invest in markets. On the go we will be getting through various topics and interesting facts and figures, also we'll be updating you the emerging market trends.
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