India ranks 11th on the gross domestic products in the globe, India after china, is the words biggest country in population wise followed by united states, the Indian economy has a constant increasing economy growth, as per the free market principles that was started in 1990s for the betterment of foreign investment and to committee the international competition level. Indian’s top export and import partners are UAE, china, unites states, Saudi Arabia and Germany. India before time had followed the social democratic base, it first was character sited public ownership, corruption and slow growth of economy. After the reform busyness strategy, India’s economic growth rate had started, by the first decade of 21st century it had accelerated its economical growth, and with 2005 India had established itself as the world second fastest growing economy, but in the middle of the fowling year, its economy faced a little downfall hat had slowed down the pace of the growth of its economy.
Today’s India’s income had a fair contribution of two major fields such as agriculture, and industrialization , about 52% of people are occupied with agriculture and is a predominant occupation, industry sector accounts for about 14% and services sector make up to 34%. The agriculture back in India has occupied more than half of its population in it, the agriculture basic elements are rice, wheat, oil seed, cotton, jute, tea, sugarcane, potatoes, cattle, water, sheep, goats, poultry, and fish. The industry sector involves telecommunication, cement, mining, petroleum, machinery, but the latest survey has noticed the decline in the agriculture business and noticed it to be about 45.5%. India accounts totally for 1.5% of the world trade from 2007, India including export and import counting is estimated about $ 294 billion in 2006, India according to world trade sector adding up both export and import and serviced trade takes a total troll worth of $437 billion, India’s economy is growing at a rapid pace..!!
