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Economy Of India

November 5, 2005
Economic Growth and Development
Economy of India
The economy of India has seen an explosive amount of growth during the past few years. India's economy is the fourth largest in the world in terms of purchasing power parity (PPP) followed by a Gross Domestic Product of $3.3 trillion. India also has 8.1% Gross Domestic Product growth rate, which is second in the world (Economy of India 2005).
India was the second fastest growing major economy in the world, with a GDP growth rate of 8.1% at the end of the first quarter of 2005–06. However, India's huge population results in a relatively low per capita income of $3,100 at PPP (Economy of India 2005).
India has an extremely diverse economy which includes many areas in agriculture, crafts, major industries and numerous miscellaneous services. The leading economic growth vehicle in India would be it's multitude of services, however two-thirds of the workforce in India earn their income through agriculture. The......


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Approximate Word Count: 2324
Approximate Pages: 10 (250 words per double-spaced page)

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