1. The economy of India is the fourth largest in the world, with a GDP of $3.63 trillion at PPP, and is the tenth largest in the world with a $691.9 billion at 2004 USD exchange rates and has a real GDP growth rate of 6.2% at PPP.
2. Growth in the Indian economy has steadily increased since 1979, averaging 5.7% per year in the 23-year growth record.
3. Indian economy has posted an excellent average GDP growth of 6.8% since 1994 India, the fastest growing free-market democracy in the world, registered a growth rate of 8.2 percent in FY 2004.
4. India has emerged the global leader in software and business process outsourcing services, raking in revenues of US$12.5 billion in the year that ended March 2004.
5. Agriculture has fall to a drop because of a bad monsoon in 2005. There is a paramount need to bring more area under irrigation.
6. Export revenues from the sector are expected to grow from $8 billion in 2003 to $46 billion in 2007.
7. India’s foreign exchange reserves are over US$ 102 billion and exceed the forex reserves of USA, France, Russia and Germany. This has strengthened the Rupee and boosted investor confidence greatly.
8. A strong BOP position in recent years has resulted in a steady accumulation of foreign exchange reserves. The level of foreign exchange reserves crossed the US $100 billion mark on Dec 19, 2003 and was $142.13 billion on March 18, 2005.
9. Reserve money growth had doubled to 18.3% in 2003-04 from 9.2 in 2002-03, driven entirely by the increase in the net foreign exchange assets of the RBI.
10. Reserve money growth declined to 6.4% in the current year to January 28, 2005.
11. During the current financial year 2004-05, broad money stock (M3) (up to December 10, 2004) increased by 7.4 per cent (exclusive of conversion of non-banking entity into banking entity, 7.3 per cent) .
12. Economics experts and various studies conducted across the globe envisage India and China to rule the world in the 21st century.
From India , Ranchi
2. Growth in the Indian economy has steadily increased since 1979, averaging 5.7% per year in the 23-year growth record.
3. Indian economy has posted an excellent average GDP growth of 6.8% since 1994 India, the fastest growing free-market democracy in the world, registered a growth rate of 8.2 percent in FY 2004.
4. India has emerged the global leader in software and business process outsourcing services, raking in revenues of US$12.5 billion in the year that ended March 2004.
5. Agriculture has fall to a drop because of a bad monsoon in 2005. There is a paramount need to bring more area under irrigation.
6. Export revenues from the sector are expected to grow from $8 billion in 2003 to $46 billion in 2007.
7. India’s foreign exchange reserves are over US$ 102 billion and exceed the forex reserves of USA, France, Russia and Germany. This has strengthened the Rupee and boosted investor confidence greatly.
8. A strong BOP position in recent years has resulted in a steady accumulation of foreign exchange reserves. The level of foreign exchange reserves crossed the US $100 billion mark on Dec 19, 2003 and was $142.13 billion on March 18, 2005.
9. Reserve money growth had doubled to 18.3% in 2003-04 from 9.2 in 2002-03, driven entirely by the increase in the net foreign exchange assets of the RBI.
10. Reserve money growth declined to 6.4% in the current year to January 28, 2005.
11. During the current financial year 2004-05, broad money stock (M3) (up to December 10, 2004) increased by 7.4 per cent (exclusive of conversion of non-banking entity into banking entity, 7.3 per cent) .
12. Economics experts and various studies conducted across the globe envisage India and China to rule the world in the 21st century.
From India , Ranchi
Talking about Indian Economic Facts, Indian companies benchmark to global standards and are better managed than Chinese firms.
Over 54% of Indians are less than 25 years old making India one of the youngest countries in the world.
Indian middle class is 300 million strong.
Against just 3 shopping malls in 2001, India had 100 in 2005 and increased upto 345 by 2007.
From India , Mumbai
Over 54% of Indians are less than 25 years old making India one of the youngest countries in the world.
Indian middle class is 300 million strong.
Against just 3 shopping malls in 2001, India had 100 in 2005 and increased upto 345 by 2007.
From India , Mumbai
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