Question

in which sector gdp is less in 1962 in India

Answer 1

The GDP of India has grown from a merge 93.7 billion rupees in 1950 to about 410006.4 billion rupees in 2006. Right from 2003, India is growing at a rate more than 8 per cent.

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Answer 2

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Defence allocation down to about 1.65 % of GDP, lowest since the 1962 China war

By Ajai Shukla | Last Updated at March 01 2016 10:41 IST

Every finance minister, while presenting the Budget, pays tribute to the military. He announces the defence allocation for the coming year - normally 15-20 per cent higher than the previous year - and then promises that the government will make available whatever more is needed for defending the country.

This year, Finance Minister Arun Jaitley's speech did not make even a token mention of the government's highest chunk of expenditure. The defence allocation, at Rs 2,49,099 crore, was only marginally higher than last year's Budget Estimates of Rs 2,46,727 crore. From this year's Revised Estimates of Rs 2,24,636 crore, the allocation shows a raise of a little more than 10 per cent, well below defence inflation, which normally runs at 15 per cent annually.

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