India a Rising Superpower
1. India Rising Pointers * India's per capita income increased at only around 1% annualized rate from 1950 - 1980 * In the late 2000s, India's growth has reached 7.5%, which will double the average income in a decade. * The highest annualized 1999-2008 growth rates are for states Gujarat (9.6%), Haryana (9.1%), or Delhi (8.9%) and lowest Bihar (5.1%), Uttar Pradesh (4.4%), or Madhya Pradesh (6.5%). * India is the eleventh-largest economy in the world and the fourth largest by purchasing power parity adjusted exchange rates (PPP). * On per capita basis, it ranks 128th in the world or 118th by PPP. * The economic growth has been driven by the expansion of services that have been growing consistently faster than other sectors. * Although living standards are rising fast, 75.6% of the population still lives on less than US$2 a day * Two-thirds of the Indian workforce earn their livelihood directly or indirectly through agriculture in rural villages. * As a proportion of GDP, towns and cities make over two thirds of the Indian economy. * India ranked 133rd in Ease of Doing Business Index, which is setback as compared with China 89th and Brazil 129th.
2. Agriculture * India ranks second worldwide in farm output. * Agriculture and allied sectors like forestry, logging and fishing accounted for 18.6% of the GDP in 2005 * Employed 60% of the total workforce * Despite a steady decline of its share in the GDP, is still the largest economic sector * India is the largest producer in the world of milk, cashew nuts, coconuts, tea, ginger, turmeric and black pepper. * It also has the world's largest cattle population (193 million). * It is the second largest producer of wheat, rice, sugar, groundnut and inland fish. * It is the third largest producer of tobacco. * India accounts for 10% of the world fruit production with first rank in the production of banana and sputa.
3. Industrial
2. Agriculture * India ranks second worldwide in farm output. * Agriculture and allied sectors like forestry, logging and fishing accounted for 18.6% of the GDP in 2005 * Employed 60% of the total workforce * Despite a steady decline of its share in the GDP, is still the largest economic sector * India is the largest producer in the world of milk, cashew nuts, coconuts, tea, ginger, turmeric and black pepper. * It also has the world's largest cattle population (193 million). * It is the second largest producer of wheat, rice, sugar, groundnut and inland fish. * It is the third largest producer of tobacco. * India accounts for 10% of the world fruit production with first rank in the production of banana and sputa.
3. Industrial