Question

short easey on today indian economy

Answer 1

Explanation:

Indian economy has seen a major growth in the last few decades. The credit for this boom largely goes to the service sector. Agriculture and associated activities have also been improvised to match the global standards and the export of various food products has seen an upward trend thereby adding to the economic growth. The industrial sector does not lag behind a bit. A number of new large scale as well as small scale industries have been set up in the recent times and these have also proved to have a positive impact on the Indian economy.

Economic Growth of India in Recent Times

During the last year, India suffered from inflation due to the rise in the prices of food items. However, it is recovering from the loss and the economic condition is likely to improve this year.The Central Statistics Organisation (CSO) has recognized India as one of the fastest growing economy. It has been estimated that if we continue to grow at this rate, we would likely become one of the top three economic powers in the world over the next decade or two.Factors Aiding Economic Growth

Here are some of the factors responsible for India’s economic growth:

The Foreign Direct Investment (FDI) has increased for many sectors including automobiles, construction and computer software.

The employment opportunities in many sectors including IT and transport have increased.

The number of start ups in India is growing and thus creating more business and employment opportunities.

The industrial sector of the country is prospering. The merchandise exports and imports of India are growing at a good rate.

Conclusion

We have a pool of talented and creative youths who are hard working and ambitious. Our government is also taking initiatives to improve the economic condition of the country by bringing in new opportunities for employment and business. No wonder, our economy is growing at a good pace.