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How the economy has changed between 2004-2014

How the economy has changed between 2004-2014

A look at the changing contours of the economy over the past decade

BusinessToday.In
BusinessToday.In
  • Updated Feb 16, 2015, 12:51 PM IST
How the economy has changed between 2004-2014
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As the Narendra Modi government prepares to unveil its first full-year budget that is widely expected to announce measures to boost economic growth, we take a closer look at the changing contours of the economy over the past decade.
How the economy has changed between 2004-2014
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Manufacturing: Economic growth slowed in recent years with the sharp drop in manufacturing emerging as a key concern.
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Public Vs Private: Public sector remains the largest employer but the private sector is creating more jobs.
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Forex reserves: Have trebled in the past 10 years.
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Agriculture: Agriculture's contribution to GDP has steadily dropped, but the sector still employs almost half the workforce, indicating hidden unemployment.
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Fiscal deficit is gradually being reined in.
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CAD: Had widened in 2011/12 and 2012/13 but came under control last fiscal year.
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Subsidies have grown manifold over the past decade.