INDIAN ECONOMY

  • GDP USD 2000 billion, growth rate 6-6.5%
  • Population 1.25 billion, strong workforce
  • Democratic country, independent judiciary
  • Economic liberalization started in early 90’s, gradual reduction in custom duties from 75% to 6.5%
  • Large scale infrastructural development
  • Emerging economy, difficult to ignore.
  • The center of gravity is shifting eastwards and India will be one of the motor force in globalization