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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) . [ 62 ]
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 ...
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]
Income in India discusses the financial state in India. With rising economic growth and India's income is also rising rapidly. As an overview, India's per capita net national income or NNI was around Rs. 98,374 in 2022-23. [1] The per-capita income is a crude indicator of the prosperity of a country.
2010 India's economy is $4.002 trillion (purchasing power parity) which accounts for a 4.5% [21] share of world income, the fourth largest in the world in terms of real GDP (PPP). [22] 2012 Second half of UPA-2 and Inflation 10%. [23] India's economy is $4.825 trillion (purchasing power parity), the third largest in the world in terms of real ...
India’s economy grew by over 8% in the fiscal year to March 31, giving Prime Minister Narendra Modi a boost just hours before national elections draw to a close.
Between July and September, India's economy slumped to a seven-quarter low of 5.4%, well below the Reserve Bank of India (RBI) forecast of 7%. While it is still robust compared with developed ...
According to the World Bank, the Gini coefficient in India was 0.339 in 2009, [17] down from previous values of 0.43 (1995–96) and 0.45 (2004–05). [18] However, in 2016, the International Monetary Fund, in its regional economic outlook for Asia and the Pacific, said that India's Gini coefficient rose from 0.45 (1990) to 0.51 (2013). [19]