India is witnessing a rapid upsurge on the economic front. Although, it had to battle with the storm of global financial crisis recently, it survived and has so far, surpassed most of its competitors. It is still facing the challenges of the grave economic crisis and is on the sprint to recover its former growth rate.
The Indian Economic Indicators provides a precise record of the Indian economy at various stages. They help to examine and study the Indian Economy more accurately. It may be defined simply as an economic statistics. There are various types of economic indicators like:
Major Economic Sectors: The major economic sectors in India are the Agricultural Sector, Manufacturing Sector, Financial Sector, Services Sector, Industrial sector and infrastructure. Agricultural sector is the mainstream of the Indian Economy and it accounts for about 20% of our GDP. While the Financial Sector is doing a great job of supporting the Indian Economy in all spheres, the manufacturing sector is taking the Indian Economy to new heights.
India Key Industry: The key industries in India are steel, Engineering and machine tools, Textiles Industry and Public sector industries. There has been a rapid increase in the industrial sectors in India in recent times. India is a major exporter of engineering goods and capital goods. Even the electronics industry and computer industry in India has made a rapid improvement recently. The largest industry in the country is the Textile industry.
India Agriculture and Development: The remarkable increase in agricultural production over the last four decades is a characteristic feature of India. India occupies the second position in the world in farm output. It is one of the largest economic sectors and plays an important role in the development of India, on the socio-economic front. India is the largest producer of milk, cashew nuts, coconuts, tea, ginger, turmeric and black pepper in the world. It is the second largest producer of wheat, sugar, groundnut and fish. And it is the third largest producer of tobacco in the world.
India Science and Technology: There has been a significant achievement in India in the areas of nuclear and space science, electronics and defence. Science and technology is an effective tool for growth and for socio-economic development in India. The pace at which Science and Technology in India is developing, can be comprehended from the rise in its infrastructure. From Rs. 10 million at the time of Independence it has increased to Rs. 30 billion. India is the proud owner of the third largest scientific and technical manpower in the world.
Major Corporate Houses of India: The three top companies recognized in India for their ‘overall leadership’ in the economic front are; IT major Infosys Technologies, petrochemicals giant Reliance Industries and two-wheeler company Hero Honda Motors. The most esteemed corporate houses of India have always been the Tatas and Birlas but, it is being replaced by the rise of Reliance and InfoTech companies like Wipro and Infosys.
Indian Economic Indicators
The Indian Economic Indicators provides a precise record of the Indian economy at various stages. They help to examine and study the Indian Economy more accurately. It may be defined simply as an economic statistics. There are various types of economic indicators like:
- Gross Domestic Product (GDP): The Gross Domestic Product is expected to grow at 6.5 per cent in 2009. In the financial year 2010, it is expected to grow at 7 per cent.
- Unemployment Rate
- Inflation Rate
Major Economic Sectors: The major economic sectors in India are the Agricultural Sector, Manufacturing Sector, Financial Sector, Services Sector, Industrial sector and infrastructure. Agricultural sector is the mainstream of the Indian Economy and it accounts for about 20% of our GDP. While the Financial Sector is doing a great job of supporting the Indian Economy in all spheres, the manufacturing sector is taking the Indian Economy to new heights.
India Key Industry: The key industries in India are steel, Engineering and machine tools, Textiles Industry and Public sector industries. There has been a rapid increase in the industrial sectors in India in recent times. India is a major exporter of engineering goods and capital goods. Even the electronics industry and computer industry in India has made a rapid improvement recently. The largest industry in the country is the Textile industry.
India Agriculture and Development: The remarkable increase in agricultural production over the last four decades is a characteristic feature of India. India occupies the second position in the world in farm output. It is one of the largest economic sectors and plays an important role in the development of India, on the socio-economic front. India is the largest producer of milk, cashew nuts, coconuts, tea, ginger, turmeric and black pepper in the world. It is the second largest producer of wheat, sugar, groundnut and fish. And it is the third largest producer of tobacco in the world.
India Science and Technology: There has been a significant achievement in India in the areas of nuclear and space science, electronics and defence. Science and technology is an effective tool for growth and for socio-economic development in India. The pace at which Science and Technology in India is developing, can be comprehended from the rise in its infrastructure. From Rs. 10 million at the time of Independence it has increased to Rs. 30 billion. India is the proud owner of the third largest scientific and technical manpower in the world.
Major Corporate Houses of India: The three top companies recognized in India for their ‘overall leadership’ in the economic front are; IT major Infosys Technologies, petrochemicals giant Reliance Industries and two-wheeler company Hero Honda Motors. The most esteemed corporate houses of India have always been the Tatas and Birlas but, it is being replaced by the rise of Reliance and InfoTech companies like Wipro and Infosys.
| Indian Economy | |
