ECONOMIC DEVELOPMENT OF INDIA, BANGLADESH, JAPAN AND USA FROM 2010 TO 2015

•The economic development in India followed socialist-inspired policies for most of its independent history, including state-ownership of many sectors; India's per capita income increased at only around 1% annualised rate in the three decades after its independence.•Since the mid-1980s, India has slowly opened up its markets through economic liberalisation.• After more fundamental reforms since 1991 and their renewal in the 2000s, India has progressed towards a free market economy

ECONOMIC DEVELOPMENT IN INDIA

•In the late 2000s, India's growth reached 7.5%, which will double the average income in a decade

•India's GDP growth during January–March period of 2015 was at 7.5% compared to China's 7%, making it the fastest growing economy.

•During 2014-15, India's GDP growth recovered marginally to 7.3% from 6.9% in the previous fiscal.

•During 2014-15, India's services sector grew by 10.1%, manufacturing sector by 7.1% & agriculture by 0.2%.

•The Indian government has forecast a growth of 8.1-8.5% during 2015-16.

INDIA IN LAST FIVE YEARS

•Bangladesh is a developing country that is classified as a Next Eleven emerging market and one of the Frontier Five.

•According to a recent opinion poll, Bangladesh has the second most pro-capitalist population in the developing world.

•Between 2004 and 2014, Bangladesh averaged a GDP growth rate of 6%. The economy is increasingly led by export-oriented industrialization. 

ECONOMIC DEVELOPMENT IN BANGLADESH

•The Bangladesh telecoms industry has witnessed rapid growth over the years and is dominated by foreign investors. The government has emphasized the development of software services and hi-tech industries under the Digital Bangladesh scheme.

•Bangladesh has substantial reserves of natural gas and coal; and many international oil companies are involved in production and exploration activities in the Bay of Bengal.

• Regional neighbours are keen to use Bangladeshi ports and railways for transhipment. Located at the crossroads of SAARC, the ASEAN+3, BIMSTEC, and the Indian Ocean, Bangladesh has the potential to emerge as a regional economic and logistics hub.

•In 2015, per-capita income stood at USD 1,314.While achieving significant macroeconomic stability, Bangladesh continues to face challenges such as infrastructure deficits and energy shortages.

BANGLADESH IN LAST FIVE YEARS

•The economy of Japan is the third largest in the world by nominal GDP,the fourth largest by purchasing power parity and is the world's second largest developed economy.

• •According to the International Monetary Fund, the country's per capita GDP(PPP) was at $36,899, the 22nd-highest in 2013.  

•Japan is a member of G7. The Japanese economy is forecasted by the Quarterly Tankan survey of business sentiment conducted by the Bank of Japan.

ECONOMIC DEVELOPMENT OF JAPAN IN LAST FIVE YEARS

•Japan is the world's third largest automobile manufacturing country,

 has the largest electronics goods industry, and is often ranked among the world's most innovative countries leading several measures of global patent filings.

• As of 2010, Japan possesses 13.7% of the world's private financial assets (the second largest in the world) at an estimated $14.6 trillion. As of 2013, 62 of the Fortune Global 500 companies are based in Japan.

JAPAN IN LAST FIVE YEARS

•The United States is the world's largest national economy, representing 22% of nominal global GDP and 17% of global GDP (PPP).  The United States' GDP was estimated to be $17.841 trillion as of Q2 2015.• The U.S. dollar is the currency most used in international transactions and is the world's foremost reserve currency.•Several countries use it as their official currency, and in many others it is the de facto currency.[The United States has a mixed economy[and has maintained a stable overall GDP growth rate,[a moderate unemployment rate, and high levels of research and capital investment.•Its six largest trading partners are Canada, China, Mexico, Japan, Germany, and South Korea

ECONOMIC DEVELOPMENT IN USA

•The US economy went through an economic downturn following the financial crisis of 2007–08, with output as late as 2013 still below potential according to the Congressional Budget Office.

• The economy, however, began to recover in the second half of 2009, and as of April 2015, unemployment had declined from a high of 10% to 5.4%; the government's broader U-6 unemployment rate, which includes the part-time underemployed, was 10.8%

USA IN LAST FIVE YEARS

COMPARITIVE ANALYSIS OF GDP VARIOUS COUNTRIESPresentation prepared by Haya NaazClass IX B