Thursday February 15, 2007
Java’s contribution to Economy of India
what is GDP?
GDP (gross domestic product) is the primarily is an indicator used to gauge economy of a country. It is expressed in comparison to the previous quarter/year.
Change in GDP has a significant effect on the stock market. Infact negative GDP growth is one of the factor economists use to identify recession in an economy.
Java’s impact to India’s GDP
India already have over a million IT professionals. IT and ITeS sectors being major contributors to India's GDP. Java alone has an impressive contribution of 2.1% to India’s GDP.
According to a story ran by "Times of India" (one of the leading newspaper in India), Indian Java economy accounts for 10-15% of the world's Java economy.
Thanx to Joe, I managed to get hold of research paper by professors at IIM-Ahemdabad.
The paper seeks to shed light on Java’s impact on India’s economy. As per the research with some relaxations and approximations about the unquantifiable components, Java’s share to Indian economy varies between 2.1% - 2.5% of the Indian GDP.
Posted by prats ( Feb 15 2007, 06:21:10 AM PST ) Permalink Comments [2]
This is a personal weblog, I do not speak for my employer.
Posted by Anurag Sharma on March 11, 2007 at 01:15 AM PST #
Posted by Pratibha on March 14, 2007 at 04:43 AM PDT #