My dear all friends , did you know !! Where Indian economy stands in this time period . There are lots of ups and down possible in upcoming time period . But you don’t warry about it i am always update your knowledge regarding this topic with the help of my knowledge meadium named as Park of knowledge . In this data base Park of knowledge will provide you brief introduction regarding this topic but it will cover other shareable information for upcoming data base .

India economy, the third largest economy in the world, in terms of purchasing power, is going to touch new heights in coming years. As predicted by Goldman Sachs, the Global Investment Bank, by 2035 India would be the third largest economy of the world just after US and China. It will grow to 60% of size of the US economy. This booming economy of today has to pass through many phases before it can achieve the current milestone of 9% GDP.

The history of Indian economy can be broadly divided into three phases:

1: Pre- Colonial,

2: Colonial, 

3: Post Colonial.

 India’s economy is on the fulcrum of an ever increasing growth curve. With positive indicators such as a stable 8-9 per cent annual growth, rising foreign exchange reserves, a booming capital market and a rapidly expanding FDI inflows, India has emerged as the second fastest growing major economy in the world.

The economy has been growing at an average growth rate of 8.8 per cent in the last four fiscal years (2003-04 to 2006-07), with the 2006-07 growth rate of 9.6 per cent being the highest in the last 18 years. Significantly, the industrial and service sectors have been contributing a major part of this growth, suggesting the structural transformation underway in the Indian economy.

For example, industrial and services sectors have logged in a 10.63 and 11.18 per cent growth rate in 2006-07 respectively, against 8.02 per and 11.01 cent in 2005-06. Similarly, manufacturing grew by 8.98 per cent and 12 per cent in 2005-06 and 2006-07 and transport, storage and communication recorded a growth of 14.65 and per cent 16.64 per cent, respectively

Indian economy depends in many fields , according to that fields market capitals show the movement in Zig-Zag way . Here two Fields may be fully respnsible for this movements which is following types :

1: Business fields

2: Information technology fields 

Here these above fields play majar roll to distroy economical structure of markets.

Well my dear all friends here i cover just intro part of this general knowledge section . Next information will be sheared by upcoming data base in Park of knowledge .

 

Regards,

Ravi Kesarwani

mailto: ravikesarwani007@gmail.com

http://www.ravikesarwani.wordpress.com