Indian Economy

The Indian Economy refers to the economic system of India, characterized by a mix of traditional and modern practices, encompassing agriculture, industry, and services. It is classified as a developing market economy, which has seen significant growth and transformation since the economic liberalization policies initiated in the early 1990s. The Indian Economy is one of the largest in the world by nominal GDP and purchasing power parity.

Key components include a vast agricultural sector, which employs a significant portion of the workforce, a rapidly growing industrial sector that includes manufacturing, textiles, and information technology, and a robust services sector that contributes largely to GDP. The economy is influenced by various factors such as government policies, global market dynamics, and demographic changes.

India is also known for its entrepreneurial spirit and a large informal economy. Economic challenges include poverty, unemployment, and regional disparities, while opportunities exist in emerging markets and technology advancements. The Indian Economy is represented by major stock indices like the BSE Sensex and Nifty 50, reflecting the performance of its businesses and investments.