Economy of India
INDIA is a growing country. Indian Economy is developing day by day as INDIA is developing itself. Indian Economy is going to touch new heights in the coming years as it is the third largest country in the world in terms of purchasing powers.http://infinitelinkz.com/about-india-2/economy-of-india/
India is developing into an open-market economy, yet traces of its past autarkic policies remain. Economic liberalization, including industrial deregulation, privatization of state-owned enterprises, and reduced controls on foreign trade and investment, began in the early 1990s and has served to accelerate the country’s growth, which has averaged more than 7% per year since 1997. India’s diverse economy encompasses traditional village farming, modern agriculture, handicrafts, a wide range of modern industries, and a multitude of services. http://infinitelinkz.com/about-india-2/economy-of-india/
India is growing day by day, The Indian economy, the third largest economy in the world in terms of purchasing power, is going to touch new heights in coming years. As predicted by Goldman Sachs, the Global Investment Bank, by 2035 India would be the third largest economy of the world just after US and China. It will grow to 60% of size of the US economy. This booming economy of today has to pass through many phases before it can achieve the current milestone of 9% GDP.http://infinitelinkz.com/about-india-2/economy-of-india/
In late 2012, the Indian Government announced reforms and deficit reduction measures to reverse India’s slowdown. The outlook India’s medium-term growth is positive due to a young population and corresponding low dependency ratio, healthy savings and investment rates, and increasing integration into the global economy. India has many long-term challenges that it has not yet fully addressed, including poverty, inadequate physical and social infrastructure, limited non-agricultural employment opportunities, inadequate availability of quality basic and higher education, and accommodating rural-to-urban migration.http://infinitelinkz.com/about-india-2/economy-of-india/
The history of Indian economy can be broadly divided into three phases: Pre- Colonial, Colonial and Post Colonial.
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