India’s vibrant and rapidly-growing economy

10 years ago

Third largest economy in the world by GDP measured on purchasing power parity basis
Rapid annual growth rate of more than 7%
World’s largest sourcing destination for the Information Technology industry
Self-sufficiency in agriculture
High domestic savings and investment rates
Large and diversified infrastructure and industry, spread across the country
Strong and mature private sector
Current account convertibility
Partial capital account convertibility
High exports growth rate and a comfortable balance of payments situation
Developed banking system and financial markets
Low inflation