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  • 1. Indian Economy – A Snapshot  One of the fastest growing in the world  Consumption growth fuelling economic growth – consumption expenditure forming 78% of GDP  Services sector contributing over 60% to GDP  Emerging as a hub of manufacturing excellence. new growth engines of Indian economy include IT, ITes, pharmaceuticals, bio- technology, nano technology, agri. businesses  Where forces of competition are at work  Innovation driving enterprises  Economic reforms well on course – entering second phase        May 5, 2009 US – India Business Summit, 2006 1