BS@40
OCTOBER 2014
VITAL STATISTICS THEN AND NOW BACK TO THE FUTURE
GAP ANALYSIS
Annual growth rate (YoY in %)
Gross fiscal deficit (in ~ crore)
1974-75
2013-14
2,303 5,24,359* *Revised Estimates
HEADCOUNT Population (in million)
1217
THE GROWTH DRIVERS
593
*Includes forestry & fishing,mining and quarrying
GDP at factor cost in ~ crore
THE GREEN REVOLUTION AND AFTER (Foodgrain
*Includes construction, electricity, gas and water supply
*Includes hotels, transport & communication
OUTWARD BOUND Foreign trade in (~ crore)
production in million tonnes) !1974-75 !2013-14*
Coarse Cereals
7,39,477
PROSPERITY INDEX
39,904
Per capita income (in ~)
9,658
*Includes community social & personal services
COVER POINT
!1974-75 !2013-14(PE)
At2004-05 prices
THE INDUSTRY SEESAW
Foreign exchange reserves ($ million)
Growth rate in %
!1981-82 !2013-14
2013-14
39.58 106.30 24.10 95.80 26.13 42.70 10.02
Pulses
*Includes insurance, real estateand business services
2012-13
1,379
99.83 264.40 Wheat
1974-75
1974-75
Total foodgrain
Rice
48,779
97,176
1,36,045
6,28,079 57,41,791
COMMUNITY SERVICES
79,120
13,93,387
9,07,386 2,56,719
SIZE MATTERS
FINANCE
TRADE
11,83,714
MANUFACTURING
AGRICULTURE
15,17,826
GDP by major sectors !1974-75 !2013-14(PE)
Exports Imports Trade gap
1975-76
2013-14
3,329
19,31,074
4,519 28,15,918 -1,190 -8,84,844
TRADE AS % OF GDP
304,223
Mining & quarrying
-5.6
STRENGTH FROM WEAKNESS 7.9
Value of rupee vs $
Manufacturing -3.7
24.80
!Exports !Imports
59.89
% growth in foodgrain output (over previous year)
-4.62 3.54
10.2 Electricity
19.60 4.10
5.70
17.00
5.2
7.75 9.3 General
1975-76
17.7
2013-14
March 1975
March 2014
-3.1
BS@40
OCTOBER 2014
DRIVER’S SEAT
MINED OVER MATTER
STEELED FOR GROWTH
Production of coal and lignite (in million tonnes)
Production of crude steel (in million tonnes)
Passenger vehicle sales (units) CY1974
POWER PLAY Power generated in (billion KWH)
!1974-75 !2013-14
FY2014
47,031 2,503,685
961.50
(-10.17) (-6.05) Two wheeler sales (units)
85.90
CY1974
FY2014
113.91 !Coal !Lignite
565.64 44.18
170,571 14,805,481 (7.31)
(14.75) 1975-76
CRUDE GAINS (Production of crude oil and petroleum products in million tonnes)
2013-14
5.11
* Calendar Year 1974 figures are inclusive of exports; Figures in bracket are % change year-on-year
1980-81
2013-14
BULLION BITES
!1974-75 !2013-14
51.5
(Price of gold & silver in ~)
Crude oil
8 38 Petroleum products
20
220
Gold (10 g)
Silver (1 Kg)
1974-75
1974-75
519.9
1,122.4
2013-14
2013-14
29,245.0 46,665.7
7.6
BS@40
OCTOBER 2014
LEARNING CURVES
WRITE STUFF
Numberof recognised educational institutions
Literacy rates (%) 1975-76
2007-08
Primary
454,270
785,950
Upper primary
106,571
320,354
43,054
171,862
High/Hr. sec./lnter/ Pre.jr.colleges
Colleges for general education
73.0
Colleges for professional education
34.5 1971
Universities / Deemed univ./ lnstt. of national importance
2011
3,667
11,458
3,276
7,024
101
9,653
Figures in brackets are number of seats
IITs
17
13
IIMs
(3,335)
(8,822)
5
3
(6,739)
(400)
1974 -75
2013 -14
1974 -75
2013 -14
HUMAN FACTORS Figures in %
MALE ORDER
! 1975 ! 2012
BIRTH RATE 3.52
BANKING ON INCLUSION
DEATH RATE 3.67 2.31
2.16
!1975 !2013
2.85 1.02
1.74
Total
Rural
0.70
Urban
Total
NATURAL GROWTH RATE
0.76
1.94 1.45
947
1971
2011
Total
Rural
1,05,753
Urban
INFANT MORTALITY RATE
1.83
891
0.56
16,936
Per 1,000 1.93
(Females per 1000 males)
Number of bank branches 1.73
1.59
Sex ratio
151
140
1.55 1.18
Rural
84 42
6,166
46 28
39,336 Total
Rural
Total
Urban
Rural
Urban
Semi-urban
INDIA CALLING
5,116
TOTAL FERTILITY RATE
28,264
Number of births per woman ! 1975 ! 2011
Urban
74.5
Teledensity (in %) !2000
3,091
!2013-14*
19,941 4.90
5.20 2.80
2.50
2.81
Metropolitan
3.70 1.90
2,563 18,212
Total
Rural
Urban
* 2013-14 figures are for total (wireline + wireless) as on 31 January 2014; of this 72.18 is teledensity for mobile
BS@40
OCTOBER 2014
KINDER CUTS
INFLATION
Income tax rates
(Annual average in %) AY 2014-15
Income of: up to ~200,000 NIL
Income of:
(tax rate in %)
AY 1975
~200,000 ~500,000
10% of total income minus ~200,000 **
(tax rate in %) (Plus 10% surcharge)
~500,000 ~10,00,000
~30,000/- Plus 20% of total income minus ~500,000 **
~ 10,00,000 ~1,00,00,000
~ 130,000/- Plus 30% of total income minus ~ 10,00,000 **
above ~ 1,00,00,000
~28,30,000/- Plus 30% of total income minus ~ 1,00,00,000 ##
up to ~6,000
NIL
~6,001 - ~10,000
12
~10,001 - ~15,000 15 ~15,001 - ~20,000 20 ~20,001 - ~25,000 30 ~25,001 - ~30,000 40 ~30,001 - ~50,000 50 ~50,001 - ~70,000 60 over ~70,000
70
** Education cess of 2% of income-tax plus Secondary & Higher education cess of 1% of income-tax applicable ##Surcharge of 10% of income-tax, Education cess of 2% of income-tax and Surcharge plus Secondary & Higher education cess of 1% of income-tax and Surcharge applicable Note: There is additional benefit to Resident Senior Citizens and Super Senior Citizens; income tax rate is NIL up to an income of ~250,000/- and ~500,000/-, respectively
NUMBER OF TAX PAYERS
ONION PRICES
!1974-75 !2013-14
(~per quintal)
26.80
25.20 5.98 Wholesale price index
837
9.49
243 Consumer price index
March 1996
March 2014
MARKET POWER BSE market capitalisation (~ crore) Mar 1980
NO OF COMPANIES LISTED ON BSE
5,421 Mar 2014
75,21,057
= 1 million
3,460,843
33,579,831
March 1975
March 2014
5,442 2,861 1992
2013-14