The Indian economy is one of the fastest growing in the world, fueled by consumption expenditure forming 78% of GDP. The services sector contributes over 60% to GDP, and India is emerging as a hub of manufacturing excellence with new growth engines in IT, pharmaceuticals, and agriculture. Economic reforms promoting competition, innovation and second phase reforms are driving strong and balanced growth across the Indian economy.

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
April 28, 2009 US – India Business Summit, 2006 1