Indian Economy has significantly grown in the recent years. Both social and economic indicators have reflected their respective positive impact for the development of the Economy. In the Social sector the best example today is 108 million children attend primary schools in india by making the country’s education system the second largest in the world after China. In the economic sector Gross Domestic Product (GDP) in nominal terms of US$692 billion in 2004, has made the country the world’s tenth largest economy. Real GDP grew by 6.9 percent in 2004/05 compared to 8.5 percent a year earlier. Prospects for real GDP growth for 2005-06 is 6.5 to 7 percent. External position of the economy is becoming significantly stronger. Exports have grown, especially exports of services, which grew by 105 percent in 2004-05. Growth in services has largely been fueled by the information technology boom in which India is emerging as a world leader.
Saturday, June 20, 2009
India At A Glance
Indian Economy has significantly grown in the recent years. Both social and economic indicators have reflected their respective positive impact for the development of the Economy. In the Social sector the best example today is 108 million children attend primary schools in india by making the country’s education system the second largest in the world after China. In the economic sector Gross Domestic Product (GDP) in nominal terms of US$692 billion in 2004, has made the country the world’s tenth largest economy. Real GDP grew by 6.9 percent in 2004/05 compared to 8.5 percent a year earlier. Prospects for real GDP growth for 2005-06 is 6.5 to 7 percent. External position of the economy is becoming significantly stronger. Exports have grown, especially exports of services, which grew by 105 percent in 2004-05. Growth in services has largely been fueled by the information technology boom in which India is emerging as a world leader.
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