Indian Economy's position
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Himesh Panchal SYBMS- 67
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Indian Economy’s Position In The World !
• 7th Largest Economy In The World W.R.T Gross Domestic Product) GDP.
• 3rd Largest By Purchasing Power Parity (PPP).
• India’s Economy Has Become World’s Fastest Growing Economy from last quarter of 2014. Previously It Was China.
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• India Is World’s 4th Largest Start-up hub in World with over 3,100 technology start-ups in 2014-15.
• India Ranks 2nd in the world in farm output.
• Indian Auto Industry is world’s one of the largest automobile industry with production of 21.48 million vehicles i.e 21.48*10lakhs since 1 million= 10 lakhs.
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• India’s 2 Stock Exchanges Bombay Stock Exchange 11th rank National Stock Exchange 12th rankaccording to World Federation Of Exchange.
• India is World’s 3rd largest billionaire pool with 97 billionaires.
• 4th largest number of ultra high net worth households that have more than 100 million dollars value.
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• India’s Economy Has Potential To become world’s 3rd largest economy in next decade and one of the largest economy in world in mid century.
• International Monetary Funds Refers India’s Economy As ‘ Bright Spot ‘
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Member OF ?• Common Wealth Of Nations• The South Asian Association For Regional
Cooperation.• The G-20• The International Monetary Funds.• The World Bank Organisation.• The Asian Infrastructure Investment
Bank• The United Nations.• BRICS Bank.
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How Did India’s Economy Flourish ?• India’s Economy Is Developing With
approximate rate of 7% for last 2 decades. • All The Long Term Development Plans Give
Positive Results Because Of Young Population Corresponding to low dependency ratio, Healthy Savings, Investment Rates etc.
• India Has Fastest Growing Service sector (Tertiary Sector) with growth rate above 9% annually which contributes 57% Of GDP.
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• I.T Industry is largest private sector employer in India.
• Retail Market Of India has value of 600 Bn. Dollars i.e 38,28,000 Cr. Rs
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