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Indian economy is positioned as Sixth in terms of the nominal
GDP and is considered as the third largest economy in terms
of purchasing power parity (PPP). The years, 2015 and 2016
has played a vital role in Indian economic development as
during this period Indian World Bank's expansion and growth
was observed. This was the major reason why economy
developed to 7.6%. However, this growth diminished in 2017 to
7.1% but it is assumed that the growth rate will rise up to
7.2% in 2018 following 7.7% in 2019. Indian economy is mainly
known for its service sectors as it has been one of the leading
countries to export business process outsourcing (BPO) services
and software services. India is also rich in agricultural sector
employing thousands of people in agricultural fields and seeking
a second position in the world in terms of farm output.
Scrivi una recensione per "Economy of India: A Developing Mixed Economy"
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