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  2. Discounts and allowances - Wikipedia

    en.wikipedia.org/wiki/Discounts_and_allowances

    Trade discounts are given to try to increase the volume of sales being made by the supplier. The discount described as trade rate discount is sometimes called "trade discount". Trade discount is the discount allowed on retail price of a product or something. for e.g. Retail price of a cream is 25 and trade discount is 2% on 25.

  3. Below Poverty Line - Wikipedia

    en.wikipedia.org/wiki/Below_Poverty_Line

    Below Poverty Line is a benchmark used by the government of India to indicate economic disadvantage and to identify individuals and households in need of government assistance and aid. It is determined using various parameters which vary from state to state and within states. The present criteria are based on a survey conducted in 2002.

  4. Economy of India under the British Raj - Wikipedia

    en.wikipedia.org/wiki/Economy_of_India_under_the...

    However, by the end of British rule, India's economy represented a much smaller proportion of global GDP. In 1820, India's GDP was 16% of the global GDP. By 1870, it had fallen to 12%, and by 1947 to 4%. India's per-capita income remained mostly stagnant during the Raj, with most of its GDP growth coming from an expanding population.

  5. Poverty in India - Wikipedia

    en.wikipedia.org/wiki/Poverty_in_India

    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.

  6. Income inequality in India - Wikipedia

    en.wikipedia.org/wiki/Income_inequality_in_India

    Income inequality in India refers to the unequal distribution of wealth and income among its citizens. According to the CIA World Factbook, the Gini coefficient of India, which is a measure of income distribution inequality, was 35.2 in 2011, ranking 95th out of 157. [2] Wealth distribution is also uneven, with one report estimating that 54% of ...

  7. Economy of India - Wikipedia

    en.wikipedia.org/wiki/Economy_of_India

    The economy of India has transitioned from a mixed planned economy to a mixed middle-income developing social market economy with notable public sector in strategic sectors. It is the world's fifth-largest economy by nominal GDP and the third-largest by purchasing power parity (PPP); on a per capita income basis, India ranked 136th by GDP (nominal) and 125th by GDP (PPP).

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