The Indian economy is the seventh largest economy in the world.The long-term growth prospective of the Indian economy is positive due to its young population, corresponding low dependency ratio, healthy savings and investment rates, and increasing integration into the global economy.
The Indian economy can possibly turn into the world’s third biggest economy by the following decade, and one of the biggest economies by mid-century.And the standpoint for transient development is additionally great as indicated by the IMF, the Indian economy is the “brilliant spot” in the worldwide landscape. India likewise beat the World Bank’s development viewpoint for 2015-16 interestingly with the economy having grown 7.6% in 2015-16 and anticipated that would grow 8.0%+ in 2016-17.India has fastest growing service sectors. Fastest growing city in India is Delhi, Foreign exchange in Delhi is highly competitive.
India has two major stock exchannges namely,Bombay stock exchange and national stock exchange of India.For the better enhancement of Indian economy both public and sector has to be improved.Government driven sectors like roads,have grown and there are just few industries such as renewable,telecom,fertilisers where investments are happening.For growth to be secular,both consumption and investment should do well. Without investment consumption level growth alone will not be sustainable…
With India being often described as brightest spot in Indian economy,Indian economy has been described by many as one of the few bright spots,including by IMG.Technological developments are happening and making for a more hopefully,reasonable,life for a lot of people.
Our former RBI Governor had frank views on state of affairs in the Indian and global economy said “bunch of good things have happend in India” but there were still somethong to do