Eic Analysis

India thriftiness, the third largest parsimoniousness in the world, in footing of procure power, is going to touch new heights in approach path years. As predicted by Goldman Sachs, the Global Investment Bank, by 2035 India would be the third largest preservation of the world just after US and China. It will grow to 60% of size of the US economy. This comfortable economy of today has to pass through many phases rather it can achieve the current milestone of 9% GDP.  | | The autobiography of Indian economy can be broadly shargond into three phases: Pre- Colonial, Colonial and Post Colonial.  The Union Budget for 2012-13 was harbinger by Mr Pranab Mukherjee, the Union Finance Minister in the strike out tan on March 16, 2012. It gives an overall picture of how the Indian economy has been performing. Some key highlights of the Union budget 2012-13 are as follows: Gross Domestic Product (GDP) is estimated to grow by 6.9 per penny in 2011-12 In dias GDP growth in 2012-13 brooked to be 7.6 per cent +/- 0.25 per cent Budget Highlights: GDP growth say during FY 2011-12 is estimated to be 6.9 per cent India is projected to see a prompt growth of 7.5 per cent this fiscal, on the back of higher(prenominal) savings and investment rates, redden as most of the Asia- peaceable economies are likely to expand at a laggard pace, as per a united Nations (UN) report. We expect it to expand by about 7.5 per cent in 2012-13, express Nagesh Kumar, Chief Economist, United Nations Economic and Social Commission for Asia and the Pacific (ESCAP). The Indian economy is one of the fastest growing economies and is the 12thlargest in terms of the food market exchange rate at $1,430.02 trillion (2010 India GDP). In terms of purchasing power parity, the Indian economy ranks the fourth largest in the world. However, poverty still remains a major fix besides disparity in income. The Indian economy has been propelled by the liberal ization policies that have been instrumental! in boosting demand as well as trade volume. The...If you destiny to get a full essay, order it on our website: OrderEssay.net

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