The Economy of India is the tenth largest in the world by nominal GDP and the fourth largest by purchasing power party (PPP). The country's per capita GDP (PPP) is $3,339 (IMF, 129th) in 2010. Following strong economic reforms from the post-independence socialist economy, the country's economic growth progressed at a rapid pace, as free market principles were initiated in 1991 for international competition and foreign investment. Despite fast economic growth India continues to face massive income inequalities high unemployment and malnutrition.
The history includes it's variation in Pre-colonial period, colonial period, pre-liberation period, post- liberation period..
The different sectors affecting our Indian economy are :
Industry and services
Agriculture
Finance and banking
Energy and power
External trade and investment which includes the following phases are also responsible for the variation of Indian economy..
Global trade relations.. Balance of payments ...... Foreign direct investment... currency.. Income and consumption... Employment...
Despite high growth rates India would continue to be lagging in terms of economy due to some reasons.....
Agriculture.... slow growth in agricultural techniques and implementations...
Corruption... The major problem that makes India Backlog is corruption... Unless this is taken out,infact, rooted out of our country, we can not expect a growth in our economy..
Education... Most of Indians are on and below average poverty line... and today's education is just like a fox-grape story...... If literacy rate is concentrated Indian economy would have a drastic change rather increase....
Infrastructure... This is one of the areas that is to be lighted upon to make effective change in our economy..
And Last But Not The Least.. The economic disparities... They are to be annihilated completely from the society..... OTHERWISE RICH BECOME RICHER AND POOR BECOME POORER...
Hope for a change soon..... COMMENTS PLZZ>>>
The history includes it's variation in Pre-colonial period, colonial period, pre-liberation period, post- liberation period..
The different sectors affecting our Indian economy are :
Industry and services
Agriculture
Finance and banking
Energy and power
External trade and investment which includes the following phases are also responsible for the variation of Indian economy..
Global trade relations.. Balance of payments ...... Foreign direct investment... currency.. Income and consumption... Employment...
Despite high growth rates India would continue to be lagging in terms of economy due to some reasons.....
Agriculture.... slow growth in agricultural techniques and implementations...
Corruption... The major problem that makes India Backlog is corruption... Unless this is taken out,infact, rooted out of our country, we can not expect a growth in our economy..
Education... Most of Indians are on and below average poverty line... and today's education is just like a fox-grape story...... If literacy rate is concentrated Indian economy would have a drastic change rather increase....
Infrastructure... This is one of the areas that is to be lighted upon to make effective change in our economy..
And Last But Not The Least.. The economic disparities... They are to be annihilated completely from the society..... OTHERWISE RICH BECOME RICHER AND POOR BECOME POORER...
Hope for a change soon..... COMMENTS PLZZ>>>
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