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Know The Fact
India has the world's twelfth largest economy at market exchange rates and the fourth largest in purchasing power.
Economic reforms have transformed it into the second fastest growing large economy. Foreign exchange reserves have risen from US$5.8 billion in March 1991 to US$308 billion on 4 July 2008.
India has the world's fourth largest GDP.
With an average annual GDP growth rate of 5.7% for the past two decades, the economy is among the fastest growing in the world. India has the world's second largest labour force, with 516.3 million people, 60% of whom are employed in agriculture and related industries; 28% in services and related industries; and 12% in industry.
The Major Part of India's GDP accounts from the service sectors which make's up 54%(of which India's IT sector accounts to 7% of GDP ), The agricultural sector accounts for 28% of GDP; and industrial sectors accounts for 18% of GDP.
India is one amoung Big Emerging Market (BEM) economies which consists Argentina, Chile, Brazil, China, Egypt, India, Indonesia, Mexico, Poland, Russia, South Africa, South Korea and Turkey.
Source: IMF, CIA, WIKI, INDIAMAPS....etc.
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