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Essay

Indian Economy

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Issue:

Business

 

Written by:

Scott H

 

Date added:

October 1, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

2 / 330

 

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6013 times

 

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Essay content:

It is also the third largest in the world when measured in terms of Purchasing Power Parity (PPP). The GDP growth rate for the fiscal year 2006-2007 was 9.4% making it the second fastest growing economy in the world, second only to China. However, India is classified as low-income economy due to its high population, resulting in a per capita income of $4,542 at PPP and $1,089 at nominal (revised 2007 estimate) [source: CIA - The World Factbook - India...
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However, India is classified as low-income economy due to its high population, resulting in a per capita income of $4,542 at PPP and $1,089 at nominal (revised 2007 estimate) [source: CIA - The World Factbook - India. CIA (2007-09-20)] Agriculture is still the source of livelihood for two-third of the Indian population...
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