Business in India
India, is not only one of the most highly populated countries in the world, but also one of the world’s biggest economies. The World Bank has forecast India’s GDP to be 8.3% for the current financial year 2021-22. India ranks among the fastest growing economies. Thanks to its current growth, India has become the third largest economy, right after the USA and China.
The reformation process undertaken by the current government is one of the key features on the way to the 2030 goal.
India’s economy, which was predominantly agrarian, has increasingly become service oriented. Presently, services determine half of the Indian GDP, whereas mining, manufacturing and the construction industry contribute about one-third of the country’s GDP.