Indian economy facts

[traveller]

India is a young nation and is a developing economy. It is the third largest economy in Asia. Some of the facts about Indian economy are:

1. It is the 11th largest economy in terms of GDP of $1.43 trillion.
2. It is the 4th largest economy as of PPP of $4 trillion.
3. It is 2nd largest in Agricultural farm output in the World and employs 52% of the total workforce.
4. It is the largest producer of milk, pulses and Jute.
5. It is 17th largest nation in terms of export and 11th largest in terms of import.
6. 37%of the population is still below poverty line.
7. 9.4% is still unemployed.
8. It has the 3rd largest road network in the world.
9. 2nd largest producer of rice, wheat, sugarcane, cotton, silk, groundnuts and fresh fruits and vegetables.
10. It has the 2nd largest cattle population in the World.
11. The country has external debt of $237 billion.
12. The foreign reserve of the country is $300 billion.

 

[bharat]

Definitely Indian Economy is a developing economy although it has faced a lot of crisis during the time of Independence. Indian economy lacked proper infrastructure and this led to any problems. As of 2010, the inflation rate in India was 8.43%. India has come up as the global leader in software and business process outsourcing services, etc. India has the second largest community of software developers, after the U.S. There are many other facts about Indian economy that is least known to the people.