SkipCaptcha
1,650
edits
Changes
Jump to navigation
Jump to search
Line 215:
Line 215: − +
update!
[[File:India...jpg|right|340px]]
[[File:India...jpg|right|340px]]
India's population is estimated at more than 1.1 billion and is growing at 1.3% a year. It has the world's 12th largest economy—and the third largest in [[Asia]] behind [[Japan]] and [[China]]—with total [[GDP]] of around $1 trillion ($1,000 billion). Services, industry, and [[agriculture]] account for 55%, 27%, and 18% of GDP respectively. Nearly two-thirds of the population depends on agriculture for its livelihood. 700 million Indians live on $2 per day or less, but there is a large and growing [[middle class]] of 325-350 million with disposable income for consumer goods.
India's population is estimated at more than 1.1 billion and is growing at 1.3% a year. It has the world's 5th largest economy—and the third largest in [[Asia]] behind [[Japan]] and [[China]]—with total [[GDP]] of around $3 trillion ($3,000 billion). Services, industry, and [[agriculture]] account for 55%, 27%, and 18% of GDP respectively. Nearly two-thirds of the population depends on agriculture for its livelihood. 700 million Indians live on $2 per day or less, but there is a large and growing [[middle class]] of 325-350 million with disposable income for consumer goods.
India is continuing to move forward with market-oriented economic reforms that began in 1991. Recent reforms include liberalized foreign investment and exchange regimes, industrial decontrol, significant reductions in [[tariff]]s and other trade barriers, reform and modernization of the financial sector, significant adjustments in government monetary and fiscal policies, and safeguarding intellectual property rights.
India is continuing to move forward with market-oriented economic reforms that began in 1991. Recent reforms include liberalized foreign investment and exchange regimes, industrial decontrol, significant reductions in [[tariff]]s and other trade barriers, reform and modernization of the financial sector, significant adjustments in government monetary and fiscal policies, and safeguarding intellectual property rights.