Being the twelfth largest economy of the world has not come easily to India. For a while, India has struggled to get that foothold in the global economic scenario, but with increased Foreign Direct Investments in India and the rising value of the rupee, today the market exchange rates smile benevolently on the country’s coffers.
India has long been revered for its successful handling of a mixed type of economy. There is a ever flourishing private sector with an equally competitive and productive public sector, both co existing with each other rather peacefully. Though from independence to 1991, India was largely under restricting policies with socialistic undertones, today the economy continues to grow all thanks to economic liberalization.
Today India has triumphantly established itself as the second fastest growing economy in the world, much to the surprise of almost all developed countries. Though the growth rate has recently dropped to 6.1% per annum due to the economic slowdown, India still continues to prosper.
The continuing economic reforms and the recognition of India as the fourth largest purchasing power in the world attract investors from all over the world. Everybody wants a piece of the Indian dream.
No related posts.
Related posts brought to you by Yet Another Related Posts Plugin.
