Indian Economy

Indian Economy has covered a long ground since it was liberalized in 1991. Today, India has the fourth largest economy in terms of purchasing power parity (PPP) behind only the USA, China, and Japan. It is slated to overtake Japan and become the third major economic power in the next ten years. India is also one of the few markets in the world which offers high prospects for growth and earning potential in practically all areas of business. Indian economic growth has been among the fastest in the world in the recent years.

India was a highly protected, semi-socialist autarkic economy till 1991. There were numerous structural and bureaucratic impediments in setting up a new business and foreign investment was not welcomed. The opening up of the Indian economy in 1991, unleashed the latent entrepreneurial talent of the Indian and in less than two decades India has established itself as the next economic superpower of the world.

Indian Economy grew at an annual average growth of 7.6 per cent during the Tenth Plan and has set a target of 9 per cent for the Eleventh Five Year Plan. One of the landmark structural changes achieved by Indian economy is that today services sector contributes more than 50% of India's GDP, which is a general characteristic of any developed economy. For the financial year 2006-07, the share of services, industry, and agriculture in India's GDP was 55.1 per cent, 26.4 per cent, and 18.5 per cent respectively.

One of the notable features of economic growth in India is the sharp rise in the rate of investment in the economy. Investment, in general being a forward looking variable, reflects a high degree of business optimism. The sharp increase in investment rate has sustained the industrial performance and reinforces the outlook for growth.

The rapid economic growth of the last few years has put heavy stress on India's infrastructural facilities. The shortage on infrastructure front such as power shortfall, port traffic capacity mismatch, poor road conditions, and low telephone penetration threaten to derail Indian success story. Apart from addressing the above problems some other steps such as labour reforms and administrative reforms need to be taken urgently if we have to sustain higher levels of economic growth. The government also needs to ensure that the economic growth is equitable as lopsided economic growth may result in social unrest and may undo all the good work achieved as a result of economic reforms

Indian Economy

Quick Look :
Foreign Direct Investment
Agriculture in India
Automobile Industry
Aviation Industry
BPO Industry
Cement Industry
Fashion Industry
Hotel Industry
Entertainment Industry
Pharmaceutical Industry
Inflation in India
Insurance Sector
IT Industry
Oil & Gas Industry
Paper Industry
India GDP
Real Estate Sector
Retail Industry
Service Sector
Steel Industry
Telecom Industry
Textile Industry
Tourism Industry
Top Indian Company
Polaris Software Lab Ltd.
Aditya Birla Group
Dabur India Limited
Ambuja Cements
Apollo Hospitals
Ashok Leyland
Bajaj Group
Biocon India
Bombay Dyeing
Cadbury India
DLF India
Dr. Reddy's Lab
Essel Group
GAIL India
Indian Oil Corporation
Infosys Technologies
Hindustan Lever Ltd.
GMR Group
Hero Group
ITC Ltd.
Jaypee Group
Jindal Steel
Larsen & Toubro
Mahindra Group
Nestle India
Nirma Ltd.
Novartis India
NTPC India
Bharti Enterprises
Wipro Technologies
ONGC India
Pantaloon Retail
Proctor & Gamble
Reliance ADAG
Reliance Group
Sahara India
Satyam Computer
Sterlite Industries
Suzlon Energy Ltd.
Tata Group
TVS Group
UB Group