The Indian economy is one of the fastest growing in the world, fueled by consumption which accounts for 78% of GDP. Services contribute over 60% to GDP, and new industries like IT, pharmaceuticals, and biotechnology are emerging as growth engines alongside manufacturing. Economic reforms remain ongoing as India establishes itself as a competitive, innovative hub driven by private enterprises.

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