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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 ...
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]
These are lists of Indian states and union territories by their nominal gross state domestic product (GSDP). 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]
Other economic historians debate the impact of Mahatma Gandhi's establishment of the Swadeshi movement, and All India Village Industries Association, in the 1930s, to promote an alternative, self sufficient, indigenous, village economy, approach to development, over the Classical Western economic model; along with the impact of the Nonviolent ...
Comparing economic performance between India and South Korea is a complex task that requires consideration of historical, political, and economic contexts. While South Korea did adopt a more market-oriented model of development, the government still played an active role in shaping and directing economic growth through targeted investments and ...
In the " Development Asia" region, India was among top 5 host economies for FDI. The report said that global FDI flows are forecast to decrease by up to 40% in 2020, from their 2019 value of US$1.54 trillon. According to Financial Times, in 2015 India overtook China and United States as the top destination for the FDI.
[1] [2] The Economic Survey for 2019–2020 was released on 31 January 2020, a day before the budget. [3] Before the budget speech the report of the 15th Finance Commission was tabled by the Finance Minister. The central ideas of the Budget are "Aspirational India, Economic development, A Caring Society". [4]
Since the liberalisation, India's economy has improved mainly due to increased foreign trade. [9] Reforms in India in the 1990s and 2000s aimed to increase international competitiveness in various sectors, including auto components, telecommunications, software, pharmaceuticals, biotechnology, research and development, and professional services ...