WE SAW WE CAME AND WE CONQUER
Indian Economy has covered a long ground since it was liberalized in
1991. Today, India has the fourth largest economy in terms of
purchasing power parity (PPP) behind only the USA, China, and Japan.
It is slated to overtake Japan and b.come the third major economic
power in the next ten years. India is also one of the few markets in
the world which offers high prospects for growth and earning potential
in practically all areas of business. Indian economic growth has been
among the fastest in the world in the recent years.
Indian Economy grew at an annual average growth of 7.6 per cent during
the Tenth Plan and has set a target of 9 per cent for the Eleventh
Five Year Plan. One of the landmark structural changes achieved by
Indian economy is that today services sector contributes more than 50%
of India's GDP, which is a general characteristic of any developed
economy.
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