26th February 2016 02:06 PM | |
Shaleen | Re: Recent Economic Development in India As per your demand here I am providing you information about the Recent Economic Development in India along with GDP, as you want. Economic development in India; The economic development in India followed socialist-inspired policies for most of its independent history, including state-ownership of many sectors; India's per capita income increased at only around 1% annualized rate in the three decades after its independence. Since the mid-1980s, India has slowly opened up its markets through economic liberalization. After more fundamental reforms since 1991 and their renewal in the 2000s, India has progressed towards a free market economy. In the late 2000s, India's growth reached 7.5%, which will double the average income in a decade. Analysts say that if India pushed more fundamental market reforms, it could sustain the rate and even reach the government's 2011 target of 10%. States have large responsibilities over their economies. The annualised 1999–2008 growth rates for Tamil Nadu (9.9), Maharashtra (9.7%), Gujarat (9.6%), Haryana (9.1%), or Delhi (8.9%) were significantly higher than for Bihar (5.1%), Uttar Pradesh (4.4%), or Madhya Pradesh (6.5%). India is the seventh-largest economy in the world and the third largest by purchasing power parity adjusted exchange rates (PPP). On per capita basis, it ranks 140th in the world or 129th by PPP. GDP growth rate; Year Growth (real) (%) 2000 5.6 2001 6.0 2002 4.3 2003 8.3 2004 6.2 2005 8.4 2006 9.2 2007 9.0 2008 7.4 2009 7.4 2010 7.1 2011 6.8 2012 6.5 2013 5.1 2014 6.9 2015 7.3 Companies World Rank Company 142 Reliance Industries 152 State Bank of India 183 Oil and Natural Gas Corporation 263 Tata Motors 431 NTPC 283 ICICI Bank 463 Tata Steel 349 Indian oil corporation 485 HDFC 485 TCS |
26th February 2016 02:06 PM | |
Unregistered | Recent Economic Development in India I want to get information about the Recent Economic Development in India along with GDP. So here can you provide me information about it? |