Introduction:
India is having second largest population estimated around 1.3 billion and growing 1.5% per year. It's 11th largest economy in the world . Its expected to expand it's economy average 8.8% GDP. It's the third largest economy in asia behind Japan and China with total GDP $1.242 billion. China economy is four times bigger then India economy. But with the growth rate, India could overtake China by 2013. Economists says India will be the largest economy by 2025.
India sources for economy growth:
The India economy is as diverse as it is large. It's major sectors of economy growth Manufacturing Industries, Agriculture, Software resources. Services including hotels and banks are good. India has ranked second in the i worldwide for agriculture outputs.
Indian economy is mostly depandant on its large internal market with external trade of the countrt GDP. The value of India's international trade has been improved sharply. India's Major trading partners are in European Union, China, United States and the United Arab Emirates.
India preferred for the foreign investments, It's strength in telecommunications, information technology and other like apparels, jewellery, medicals etc. India has a large number of skilled managerial, technical experts.
Curruption is one of a pervasive problem to India. India found that more than half of those surveyed had firsthand experience of paying bribe or peddling influence to get a job done in a public offices.
India economy:
2007 2008 2009 2010
GDP 9.40% 7.30% 5.40% 7.20%
Today India is one the most best and emerging markets in the world. It's manpower are the best in managerial and technical fields.
