India’s Economic development has brought tremendous success for the country with a better global image. 8 percent growth rate of India’s national income for consecutive three years is a true indication of its growth story.
The infrastructure related problems as a threat to country’s economic development is being solved to some extent through public, private, domestic and foreign investments.
Development Indicators:
The productivity scenario of India’s economy is experiencing a faster rate of growth today. Some of the development indicators of the India’s economy are as follows:
- Both the savings and investment rates in the country is experiencing a faster rate of growth recently. As to the current statistics, India’s saving rate is 32 percent of the total Gross Domestic Product and investment is of 34 percent. Both the indicators are expected to rise very fast in the coming years.
- The age profile in India among the global population over the world is considered to be a better dividend for the country’s economy. Young population group of India’s economy has significantly added to the country’s growth.
- The Government of India in the same direction has undertaken many steps to train and educate its masses for getting employment.
- Policy measures undertaken in India recently have helped a lot in the economic progress. Economic growth has created huge employment opportunities on the one hand and reduced poverty on the other. With manifold objectives in mind, the Government has come forward with high investments on social sector development particularly on health, education and infrastructure related developments.
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Globalization In India |
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India Budget 2008 |
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Poverty In India
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Retail Industry