Do You Feel About Indian Economy...?

angilpari1122 said:
Hello Friends,

Please tell me, What Do You Feel About Indian Economy...?
Click to expand...

Commenting on such a question on Indian Economy will surely be quite difficult as the Indian Economy has two phases...

First Phase-

India has the eleventh largest economy in the world with its nominal GDP and the fourth largest purchase power.

India is one of the fastest growing economies in the world.

India is a country known for its large service sector.

India is turning one of the largest market and a hotspot for business by many western nations and companies.



Now, talking of the second Phase of Indian Economy-

Major proportion of Indian Population is still employed in pure agriculture and allied fields.

Agricultural output is not up to mark as compared to the investment.

Traditional Agricultural practices are being used and subsidies are not optimum.

The entire growth of Indian Economy is not inclusive.

Unemployment is still not being addressed effectively.

Rich are becoming richer and poors are turning poorer. i.e. unequal distribution of wealth.

Inefficiencies to address curoption...ex-2g Scam, Common Wealth Games, Adarsh Society Scam...etc
 
The economy of India is the sixth-largest economy in the world measured by nominal GDP and the third-largest by purchasing power parity (PPP).
 
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