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The economy of India is a developing mixed economy with a notable public sector in strategic sectors. [5] It is the world's fifth-largest economy by nominal GDP and the third-largest by purchasing power parity (PPP); on a per capita income basis, India ranked 141th by GDP (nominal) and 125th by GDP (PPP). [58]
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 ...
In the contemporary world economy, India is the largest exporter of IT. The contribution of the IT sector in India's GDP rose from 1.2% in 1998 to 7% in 2019. [45] Exports dominate the Indian IT industry and constitute about 79% of the industry's total revenue. However, the domestic market is also significant, with robust revenue growth. [46]
There is expected to be 740 million active smartphone users in India by 2030, according to EY India. That’s still less than half the population – underscoring the room for growth. And there ...
A sunrise industry (sometimes also called as emerging industry) is a new industry that is growing fast and is expected to become important in the future. [1] Examples of sunrise industries include hydrogen fuel production, petrochemical industry , [ 2 ] food processing industry , [ 3 ] space tourism , and online encyclopedias .
In 2017 the government of Vietnam opened discussions with the government of India on emulating its use of cybersecurity and egovernance. [55] At the launch ceremony of Digital India Week by Prime Minister Modi in Delhi on 1 July 2015, CEOs from India and abroad committed to invest ₹ 224.5 lakh crore (US$2.6 trillion) towards the initiative. [56]
The AI market in India is projected to reach $8 billion by 2025, growing at a compound annual growth rate (CAGR) of over 40% from 2020 to 2025. [1] This growth is part of the broader AI boom, a global period of rapid technological advancements starting in the late 2010s and gaining prominence in the early 2020s.
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