Gross Domestic Product and Sector


The economy of India is middle income, developing and mixed. It is currently the world ‘s fifth largest economy after USA, China, Japan and Germany and it is the largest in accordance with the Purchasing Power Parity (PPP).

The long-term prospects for India’s economy are looking highly optimistic as more than half of its population consists of youngsters and it corresponds to the low dependency ratio, savings and constantly increasing globalisation and India’s integration to the world economy. India has been doing exceedingly in foreign trade as it was the world’s ninth largest importer and the twelfth largest exporter. 

The manufacturing Industry of India accounts for more than a quarter of the GDP and employs one-fifth of the workforce. After the industrial sector went through some changes due to 1991 economic reforms, it ultimately improved infrastructure and led to a proliferation of production of Fast-Moving Consumer Goods (FMCG).

 India is one of the largest centres for polishing diamonds, precious stones and for the manufacturing of jewellery. After petroleum products and crude oil, gems and diamonds form the biggest component of India ‘s global trade.

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