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e. This is a list of states and union territories of India ranked according to poverty as of 2022 (2021–22) as hosted by NITI Aayog 's Sustainable Development Goals dashboard; and Reserve Bank of India 's 'Handbook of Statistics on Indian Economy'. [ 1][ 2] The rank is calculated according to the percentage of people below poverty -line which ...
Under the Seventh Five-Year Plan, India strove to bring about a self-sustained economy in the country with valuable contributions from voluntary agencies and the general populace. The target growth rate was 5.0% and the actual growth rate was 6.01%. [12] and the growth rate of per capita income was 3.7%.
Since 2007, India has set its official threshold at ₹ 26 a day ($0.43) in rural areas and about ₹ 32 per day ($0.53) in urban areas. [ 46] While these numbers are lower than the World Bank's $1.25 per day income -based definition, the definition is similar to China's US$0.65 per day official poverty line in 2008.
Global analysts cut their forecasts of India's real GDP growth rate for the financial year 2016–17 by 0.5 to 3% due to demonetisation. [147] [148] India's GDP in 2016 is estimated to be US$2.25 trillion, hence, each 1 per cent reduction in growth rate represents a shortfall of US$22.5 billion (₹1.54 trillion) for the Indian economy. [149]
There are 33 state co-operative banks in India. The Andaman and Nicobar State Co-operative Bank Ltd. The Andhra Pradesh State Co-operative Bank Ltd. The Arunachal Pradesh State co-operative Apex Bank Ltd. The Assam Co-operative Apex Bank Ltd. The Bihar State Co-operative Bank Ltd.
The Economic Survey of India in 2014-15 stated India could target foreign exchange reserves of US$750 billion-US$1 Trillion. [4] India's foreign exchange reserves are mainly composed of the United States Dollar in the forms of United States government bonds and institutional bonds. [5] [6] with nearly 7.34% of
In the " Development Asia" region, India was among top 5 host economies for FDI. The report said that global FDI flows are forecast to decrease by up to 40% in 2020, from their 2019 value of US$1.54 trillon. According to Financial Times, in 2015 India overtook China and United States as the top destination for the FDI.
The rate on the popular inflation-protected I bonds — one of the safest investments you can buy — slipped to 6.89% through April 2023 from 9.62, according to the Treasury Department.