The Indian Economy
The Economy of India is the ninth largest in the world by nominal GDP and the fourth largest by purchasing power parity (PPP). The country is one of the G-20 major economies and a member of BRICS. The country's per capita GDP (PPP) was $ 3,627 (World Bank, 126th in the world) in 2011, making it a lower-middle income economy.
On independence, the Indian economy was primarily influenced by the socialist Soviet state planned economy characterized by a dominant public sector, high import duties and lesser...[Continue Reading]
The Economy of India is the ninth largest in the world by nominal GDP and the fourth largest by purchasing power parity (PPP). The country is one of the G-20 major economies and a member of BRICS. The country's per capita GDP (PPP) was $ 3,627 (World Bank, 126th in the world) in 2011, making it a lower-middle income economy.
On independence, the Indian economy was primarily influenced by the socialist Soviet state planned economy characterized by a dominant public sector, high import duties and lesser...[Continue Reading]