India has been the leader in the field of education, art and literature, administration and finance in the ancient and medieval times and agreeing to Angus Maddison, it was so till the colonial era. After India regained her independence in 1947, it has again tried to rise to its previous glory and today it is the 11th largest economy in the world. With vast amounts of human and natural resource and with the rising of new age entrepreneurs and corporate investments, India is not only fats developing but is staggering to come to be one among the top three ranking economies in the world in other forty years.
Agricultue: India has all the time been an agricultural land and today it is the second in agricultural production in the whole world. In this case, the gift of the Green Revolution and the Five Year Plans cannot be denied, which enabled the government to make firm plans, set goals and achieve them by the deadlines. The use of technology in agriculture has resulted in great irrigation and in the revising in other associated industries like fishing, forestry and logging.
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And as it is the largest producer in the world of crops like rice, milk, coconuts and the very requisite spices and silk, the export of these products also adds a requisite estimate to the Indian economy.
Industries: The Iron and Steel Industry, shipping industry, chemical industry, automobile manufactures and many other large and small industries are doing very well, largely to to corporate investments. The financial amelioration of the country and the incentives to the separate sectors were in case,granted largely by Prime minister Indira Gandhi, when in 1969 she nationalized 14 banks and made it mandatory for them to conduce 40% of their reputation to the separate sectors like agriculture, sell trade and small scale businesses.
The cottage industries of India also conduce significantly to the Gdp. Moreover, over time, big scale industries like the Tata Group and belief have changed the scenario of the secret sector. The tourism manufactures has all the time been doing well, but now it has come to be more organized and doing its best to attract more international tourists which contributes significantly to the Indian economy.
And the inevitable thing about this amelioration is that the progress is not just diminutive to the modernization of the urban areas, but the rural India too is production great progress, thanks to the varied governmental programs and schemes. True, there is corruption at all levels, but then which country does not have a few corrupt individuals in the system. India would soon come to be one of the leaders in world economy.
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