Analyse the GNP list of india during last 5years and prepare a note on it.
Answers
Explanation:
Uttar Pradesh, Maharashtra and Karnataka have together produced 111 million tonnes of sugar, over 79 per cent of the total production of 139.13 mt in the last five years, reveals the data presented by the Ministry of Agriculture to the Lok Sabha.
Uttar Pradesh and Maharashtra together share 66 per cent of sugar production. Gujarat and Tamil Nadu which rank fourth and fifth in the chart of top sugar producing States have not even produced 10 mt sugar during this period. India is the second-largest producer of sugar in the world after Brazil and is also the largest consumer. The data re-emphasizes India’s dependence on Uttar Pradesh and Maharashtra for its sugar production.
Maharashtra mills have maintained a recovery rate of 10 to 11.65 per cent. Mills in Uttar Pradesh have managed to keep it between 9.49 and 11.48 per cent.
Also, by-products such as molasses (4.5 per cent), bagasse (30 per cent) and press-cake (3.5 per cent) are generated from the sugarcane crushed by the sugar mills.
As per Rangarajan Committee report, the revenue realisation on the account of all three by-products contributes to about 5 per cent of the total revenue of individual sugar mills.
According to the Ministry of Department of Food and Public Distribution Indian sugar industry’s annual output is worth approximately ₹80,000 crores. The industry is an important agro-based industry that impacts the rural livelihoods of about 50 million sugarcane farmers and around 5 lakh workers directly employed in sugar mills. Employment is also generated in various ancillary activities relating to transport, trade servicing of machinery and supply of agriculture inputs
The Gross National Product (GNP) is an estimation of the overall value of all final goods or services generated by a country's citizens over a given period of time. GNP is usually determined by the amount of personal expenditure, domestic private investments, net exports, govt expenditure & income earned earned by foreign investors, minus the income earned by aliens within the domestic economy. Net exports are the difference between the exports of a nation and imports of goods & services.
Explanation:
- As per the data India's GNP showed increasing trends from the period 2014-2016 at the rate of 7.49%, 8.04% & 8.18% respectively. The reasons for increasing GNP are
- First, the sum value of total goods produced had increased, which means there was increase in manufacturing/production. India's production value in this period was and the annual production growth rate during this period was 0.9%, 2.8%, & 7.4% respectively. Manufacturing has emerged as one of the high growth sectors in India. Manufacturing has emerged as one of the high growth sectors in India. Second, the income earned by domestic firms in overseas nation had exceeded the income earned by the foreign firms within the nation.
- However during the period 2017-2018 GNP decreased with rates being 7.35% and 6.87% respectively. Demand is the true economic accelerator. If demand rises, the producer needs to increase output which can not be increased without adding more workers. Increased opportunities for jobs leads to more demand in the economy for the other goods. The Indian economy has been confronted with the lower demand crisis, which has eventually stuck the entire industry. Consumption is at the core of domestic demand in India. Indian economy experienced a sharp decline in private final consumption expenditure.
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Why are GNP figures generally lower than the GDP figures in South ...
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