Indian Economic Reforms
Economic reforms in India should be viewed in terms of a number of distinct eras. Under normal conditions, economic reform in India describes the post-1991 consequences of various economic practices.[br]
Economic reforms in India should be viewed in terms of a number of distinct eras. Under normal conditions, economic reform in India describes the post-1991 consequences of various economic practices.[br]
Agriculture, services and manufacturing industries play a vital role in the development of the Indian economy. The IT outsourcing, software and call center/ BPO industries, in particular, have helped skyrocket India’s economic development in recent years.[br]
India is one of the biggest countries with significant diversity. With a land area of 3,287,240 square km and a population of 1,178,732,000, India has abundant natural resources and a large labor pool to grow at a stupendous rate. Under Dr. Manmohan Singh’s leadership and the manifesting of the liberalization policy, the Indian economy has picked up steam and has been registering around 7% real growth every year. The economy was not severely impacted by the global recession of 2007-2009, as tight fiscal regulations kept credit crisis at bay.[br]
Growing Indian Economy
The Central Statistical Organisation (CSO), Ministry of Statistics and Programme Implementation was released the Quick estimates of national income, consumption expenditure, saving and capital formation for the financial year 2004-05 here today. Along with the Quick Estimates, the CSO is also introducing the new series of national accounts statistics with base year 1999-2000, in place of the previous series with base year 1993-94. [br]
Shri G. K. Vasan, Minister of State (independent charge), Ministry of Statistics and Programme Implementation, released the first Millennium Development Goals – India Country Report for the year 2005 on 13th February 2006 in a simple function at Delhi.
[br]Participating in a discussion on “Opportunities and Challenges for Infrastructure Development in India”, held yesterday as a part of the Indo-German Business Summit organized by Engineering Export Promotion Council (EEPC) at the Hannover Technology Fair 2006 which was inaugurated by the Prime Minister of India Dr. Manmohan Singh and the German Chancellor Dr. Angela Merkel, Dr.