FINANCIAL AND ECONOMIC CONDITIONS IN INDIA
Introduction: India is one of world’s fastest growing economies. Apart from China no other country has as an economic growth rate as India.This country offers several economic advantages to its nationals as well as foreign industries.India’s economic boom has been made possible mainly through its information technology and out sourcing business.India’s rise as an rise economic powerhouse has been quite remarkable.Economic conditions in India is now favourable to for a wider cross section of people. Some Economic Facts about India: India GDP stood at around $2965 billion as per CIA’s 2007 estimates,of which services accounted for maximum percentage,followed by Industry and Agriculture.As per CIA’s estimates,total Indian exports totaled $140.8 billion and total imports totaled about $224 billion. Since 1990 the economy of India has witnessed a decent growth rate of 6% and has been successful in overcoming poverty by about 1...