•Tenth
largest nominal GDP in the
world.
•Fourth
largest in terms of purchasing
power parity.
•At a rapid
growth of 8.5 in 2010-11.
•The GDP is
split into services (55.2%), industry (26.3%), and agriculture (18.5%).
PROBLEMS
•Even after so much growth, approximately 27% of Indians still earn under $1000 per year
•This causes a massive differences between the incomes of people
in India.
•
• There is also
a high rate of unemployment, reaching nearly 10.8% in 2010
•These problems can be blamed on
corruption.
•Corruption has caused many business to
not choose India as a location to set up.
•
•The inflation
is at 9.22%, but this isn’t worrying people as much as it is in china.
