Monday, February 25, 2008






India

Economy of India:



The economy of Indiaa, when measured in USD exchange-rate terms, is the twelfth largestt in the world, with a GDP of US $1.25 trillion (2008). It is the third largestt in terms of purchasing power parityy. India is the second fastest growing major economy in the world, with a GDP growth rate of 9.4% for the fiscal year 2006–2007.However, India's huge populationn has a per capitaa income of $4,542 at PPP and $1,089 in nominal terms (revised 2007 estimate).The World Bank classifies India as a low-income economy.
India's economy is diverse, encompassing agriculture, handicrafts, textile, manufacturing, and a multitude of services. Although two-thirds of the Indian workforce still earn their livelihood directly or indirectly through agriculture, services are a growing sector and play an increasingly important role of India's economy.

History:

History of India and History of the Republic of IndiaStone Age rock shelters with paintings at the Bhimbetka rock shelters in Madhya Pradesh are the earliest known traces of human life in India. The first known permanent settlements appeared over 9,000 years ago and gradually developed into the Indus Valley Civilization, dating back to 3300 BCE in western India. It was followed by the Vedic period, which laid the foundations of Hinduism and other cultural aspects of early Indian society, and ended in the 500s BC.

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Credits:

http://en.wikipedia.org/wiki/India

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