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It also has one of the world's fastest growing e-commerce markets. [323] The e-commerce retail market in India was valued at $32.7 billion in 2018, and is expected to reach $71.9 billion by 2022. [324] India's retail industry mostly consists of local mom-and-pop stores, owner-staffed shops and street vendors.
GSDP is the sum of all value added by industries within each state or union territory and serves as a counterpart to the national gross domestic product (GDP). [1] As of 2011 [update] , the Government accounted for about 21% of the GDP followed by agriculture with 21% and corporate sector at 12%.
Composition of India's total production of foodgrains and commercial crops, in 2003–04, by weight. India ranks second worldwide in farm output. Agriculture and allied sectors like forestry, logging and fishing accounted for 18.6% of the GDP in 2005, employed 60% of the total workforce [13] and despite a steady decline of its share in the GDP, is still the largest economic sector and plays a ...
Is the world's fastest-growing big economy losing steam? The latest GDP numbers paint a sobering picture. Between July and September, India's economy slumped to a seven-quarter low of 5.4%, well ...
India also topped the World Bank's growth outlook for 2015–16 for the first time with the economy having grown 7.3% in 2014–15 and expected to grow 7.5–8.3% in 2015–16. [86] India has the one of fastest growing service sectors in the world with annual growth rate of above 9% since 2001, which contributed to 57% of GDP in 2012–13. [87]
Countries by real GDP growth rate in 2024 (IMF WEO database 2024) This article includes lists of countries and dependent territories sorted by their real gross domestic product growth rate; the rate of growth of the total value of all final goods and services produced within a state in a given year compared with the previous year.
This is a list of countries by industrial production growth rate mostly based on The World Factbook, [1] as of September 2024.. A colour-coded map showing countries or territories by industrial production growth rate in 2017 in percentages, based on data from The World Factbook.
Bihar accounts for 71 percent of India's annual litchi production. [9] Bihar has one of the fastest-growing economies in India. It is largely service-based, with a significant share of agricultural and industrial sectors. The GDP of the state was ₹9,76,514 crores (US$120 billion) at the current market price (2024–25). [10]