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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. Economic reforms are ongoing and innovation is driving competitive enterprises as India establishes itself as a manufacturing hub.

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 3, 2009 US – India Business Summit, 2006 1

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Taller Ice 01

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, biotechnology, nano technology, agri. businesses  Where forces of competition are at work  Innovation driving enterprises  Economic reforms well on course – entering second phase April 3, 2009 US – India Business Summit, 2006 1

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