Interesting facts you must know about the

Indian economy

Amidst all the gloom that prevails in India, there are many reasons to feel good about its
achievements and future prospects.
India has the ninth-largest economy in the world by nominal GDP and the third-largest
by purchasing power parity (PPP).

India is today one of the worlds fastest growing economies. By 2030, India will become
the worlds third largest economy with projected GDP (PPP) at $13,716 bn.
India is the 19th-largest exporter and the 10th-largest importer in the world. During
201112, India's foreign trade grew by an impressive 30.6% to reach $792.3 billion.
Industry accounts for 28 per cent of the countrys GDP and employs 14 per cent of the
total workforce.
India is 11th in the world in terms of nominal factory output according to the CIA World
Fact book.
India is one of the G-20 major economies and a member of BRICS.
Textile manufacturing is the second largest source of employment after agriculture.
India is one of the fastest growing retail markets in the world. One of the top five retail
markets in the world by economic value, the retail industry is estimated to be $450
billion.
India is one of the fastest growing retail markets in the world. One of the top five retail
markets in the world by economic value, the retail industry is estimated to be $450
billion.
India has the world's third largest road network, covering more than 4.3 million
kilometers and carrying 60 per cent freight and 87 per cent passenger traffic.
India has a national teledensity rate of 74.15 per cent with 926.53 million telephone
subscribers.
Over half of India's population is below 25 years. By 2020, the average age of an Indian
is expected to be 29 years.

-CONTRIBUTED BY-EKA SHUKLA

PGDM (HR)