Brief note on Indian Economy

sunandaC

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INDIAN ECONOMY
The economy of India is the twelfth largest economy in the world by market exchange rates and the fourth largest by purchasing power parity (PPP) basis. India's large service industry accounts for 54% of the country's GDP while the industrial and agricultural sector contribute 29% and 17% respectively. Agriculture is the predominant occupation in India, accounting for about 60% of employment. The service sector makes up a further 28% and industrial sector around 12%. The labor force totals half a billion workers. India's per capita income (nominal) is $1016, ranked 142th in the world, while it’s per capita (PPP) of US$2,762 is ranked 129th.

Previously a closed economy, India's trade has grown fast. India currently accounts for 1.5% of World trade as of 2007 according to the WTO. Indian Economy is considered as one of the major economies in the world. It has got a strong position in the developing economies. As it is known to everyone, India is the largest democracy in the world. The growth of a nation is directly linked with the prevailing administration of that particular country.

Democracy is considered as the best system of administration in the world. It is more fruitful when deals with massive number of people. India has got a billion plus population. To address all their needs at the right proportion is a Himalayan task and sometimes it is impossible too.

India is a democratic nation (highly democratic one must say!). As a result of this, politicians emerge as the superstars in the system. It is widely considered that politicians in India are the true leaders of the nation. It is through their hands the funds are flowing. Funds which are meant to address the basic needs of the billion plus population.

India can develop only if the people are developed. When the people in a country become rich, the nation will automatically be rich. When the living standards of the people in a nation improve automatically the nation also improves. The point is that the politics of a nation determines the economical condition of the country.
 
Hello Sunanda, this time information on Indian Economy, great. Indian economy is reeling a steady high. Indian Economy is uplifted and became of less importance because of MNC. MNC plays very vital role in our organisation in empowerment and development but, they also have adverse effect on our economy. Here are some comparison between twain joint countries, for y our reference.
Indian Economy Vs Chinese Economy
Impact of American Economy on Indian Economy
 
INDIAN ECONOMY
The economy of India is the twelfth largest economy in the world by market exchange rates and the fourth largest by purchasing power parity (PPP) basis. India's large service industry accounts for 54% of the country's GDP while the industrial and agricultural sector contribute 29% and 17% respectively. Agriculture is the predominant occupation in India, accounting for about 60% of employment. The service sector makes up a further 28% and industrial sector around 12%. The labor force totals half a billion workers. India's per capita income (nominal) is $1016, ranked 142th in the world, while it’s per capita (PPP) of US$2,762 is ranked 129th.

Previously a closed economy, India's trade has grown fast. India currently accounts for 1.5% of World trade as of 2007 according to the WTO. Indian Economy is considered as one of the major economies in the world. It has got a strong position in the developing economies. As it is known to everyone, India is the largest democracy in the world. The growth of a nation is directly linked with the prevailing administration of that particular country.

Democracy is considered as the best system of administration in the world. It is more fruitful when deals with massive number of people. India has got a billion plus population. To address all their needs at the right proportion is a Himalayan task and sometimes it is impossible too.

India is a democratic nation (highly democratic one must say!). As a result of this, politicians emerge as the superstars in the system. It is widely considered that politicians in India are the true leaders of the nation. It is through their hands the funds are flowing. Funds which are meant to address the basic needs of the billion plus population.

India can develop only if the people are developed. When the people in a country become rich, the nation will automatically be rich. When the living standards of the people in a nation improve automatically the nation also improves. The point is that the politics of a nation determines the economical condition of the country.

Its a very nice article on the Indian economy. Now we are in the 7th position in terms of economy in the world. For more details on Indian economy, you people should check my presentation.
 

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