India is ranked as the twelfth largest economy globally by market exchange rates, with a GDP growth of approximately 9% over the past four years and a GDP per capita of $2,600. The economy is diversified across agriculture (17.8%), industry (29.4%), and services (52.8%), with a significant focus on IT and outsourcing, making it the second choice for American companies. Despite challenges like inflation, high poverty rates, and dependency on oil supply, India is experiencing substantial foreign direct investment growth and has a rapidly expanding service sector.

1. Isam Khliefat Okoroafor Ambrose Mehmet Oguztuzun Asif Zaidi

2. Twelfth largest economy in the world by market exchange rates and the fourth largest in the world by GDP GDP growth 9% approx. from the past 4 years. GDP per capita $2,600 GDP by sector agriculture: 17.8%, industry: 29.4%, services: 52.8% Inflation (CPI) 6.4%

3. Population below poverty line 27.5% (2008 est.)[2] Labour force 516.4 million (2007 est.) Labour force by occupation: Agriculture 60% , Industry: 12%, Services: 28% (2003) Unemployment 7.2% (2007 est.) Main industries agriculture, textiles, chemicals, food processing, steel, transportation equipment, cement, mining, petroleum, machinery, software, services

4. India ranks second worldwide in farm output. Agriculture and allied sectors like forestry, logging and fishing accounted for 16.6% of the GDP in 2007 Employed 60% of the total workforce [50] and despite a steady decline of its share in the GDP still the largest economic sector and plays a significant role in the overall socio-economic development of India

5. Industry accounts for 27.6% of the GDP and employ 17% of the total workforce, Focusing on designing new products and relying on low labour costs and technological IQ. Household manufacturing Textile Motors’ Tata Nano attempts to be the world's cheapest car. Big Brand cars like Jaguar and Rang Rover IT industry.

6. Business services E.g. (information technology, information technology enabled services, business process outsourcing). The service sector provides employment to 23% of the total work force, it is growing fast and it has the largest share in the GDP, accounting for 55% in 2007. However the contribution of IT to GDP increased to 4.8 % in 2005-06 and is projected to increase to 7% of GDP in 2008

7. The Indian money market is classified into: Organised sector Private, public and foreign owned commercial banks Cooperative banks Unorganised sector Individual or family owned indigenous bankers or money lenders and Non-banking financial companies (NBFCs)

8. Third Largest coal reserves in the world. India's major mineral resources include Iron ore, Manganese, Mica, Bauxite, Titanium ore, Chromites, Natural gas, Diamonds, Petroleum, Limestone and Thorium (world's largest along Kerala's shores). India's oil reserves, found in Bombay High off the coast of Maharashtra, Gujarat, and in eastern Assam meet 25% of the country's demand

9. Inconsistency in economic development Annual inflation rates High energy and food prices Deteriorating rupee Balance of Payments Dependence on Oil supply.

10. Trade liberalisation after 1991 crisis Foreign exchange reserves rose from $5 billion in 2001-02 to $275 billion as on Dec 14, 2007 Industrial investment has increased 6 times from $25 billion USD in 2001 to $150 billion in 2006 FDI growth 400% in 7 years ($5000 mn in 2001 to $19000 mn in year 2007) i.e. 2.16% of GDP.

11. Largest pool of software talent, IT & ITES professionals, and graduates Highest return on equity i.e.22.35 for year 2007. Every year approximately 2.1 million graduates pass out of India's colleges India holds a share of 44 % of the global offshore outsourcing market for software and back-office services and graded as the first choice for outsourcing by American companies.

12. Cheapest in the world (after China). Largest English speaking population. Well Equipped Telecom Infrastructure. Existence of governing body like Nasscom Stable democratic government and its support through SEZ (Special Economy Zones) which are tax free. Second highest growth rate in the world i.e. 7-8% every year.