The
economy of India is a mixed one. That means the Indian economy has a mix
of capitalist as well as socialist economies. After independence, the
government exercised control over the interference of private sector and
gave the public sector much confidence to grow. Today, India's economic
conditions are pretty good given the ever-increasing population and
poverty in India. The Indian economy is fourth largest in the world if
the purchasing power is calculated. With a GDP (Gross Domestic Product)
growth rate of almost 9%, India is the second fastest growing economy in
the world.
The main economic activity of India is still agriculture and other
professions related to agriculture. Majority of the population earns its
livelihood from agricultural activity. The urban India has witnessed a
tremendous growth of the industrial sector with private sectors and
investments flowing like water in India. It is a major commercial center
with many multinational companies investing in the untapped potential of
this growing country. Some of the biggest names of the world have an
office in India.
Though the economy of India is booming and growing by leaps and bounds,
there are certain fields that require much wanted attention. The
population of India is growing at an alarming rate and something has to
be done immediately about this problem. Most of the population is living
below poverty line without even the basic necessities of food, clothes
and shelter. Unemployment and regional imbalances are weakening the
Indian economy very slowly. These problems will be dealt with in the
near future by the government of India.
Taj Mahal Tour
