India has made a noticeable progress since Independence. Its infrastructure, International events like recent Common Wealth Games in Delhi, diversification of industrial products and their quality as per International standards are echoing and telling the story of her development.
Industries in India are seeing major changes as these are undergoing both expansion as well as diversification of products. New technologies along with modern management techniques have been introduced for the growth.
Government has supported the growth by formulating the flexible and development oriented policies. Because of this, large number of such industrial units have been developed and came up in the recent years. Government has also given the required infrastructure to these industries with facility of power and better communication. Also the import restrictions were waived off, customs tariff were made very down, foreign companies were allowed to enter Indian market and variety was encouraged.
The sector of agriculture has seen a significant growth between the period of 1950-2000. The index of agriculture production has increased to more than four folds during that period. Production of wheat has gone to 75 million tonnes from just 11 tonnes. Also the rice production has increased from 35 to 89.5 million tones. This has not only fulfilled an indigenous food requirement but also given chance to export food products.
All this has led to the expansion and economic growth in India. With this, a very impressive growth has been witnessed in GNP. This has further led to the growth in India's per Capita Net National Product.
After industrial, it is infrastructure that has seen tremendous growth in India. All across the nation, new flyovers, bridges, roads have seen. In Delhi, recent Metro development is a the success and tells more about infrastructure growth in India. That is the reason that you can find lots of global tenders and Indian Tenders floated all over India.
IT is the third sector that is booming in India. Even when the whole world was experiencing the period of recession in 2009, Indian economy has shown the signs of growth. Software companies were doing very well despite of economic slow down. Software companies are now not only giving support in India but they have many International clients as well. All across the world there is a one question in the mind's of experts that how India has made an unprecedented growth in IT and that too in such a short span of time.
One reason for this is the presence of immense talent, pool of professionals in this field and excellent skills in India. Software industry has made huge contribution in the development of economy in India. Its contribution in GDP is 5% and out of total software industry revenue, 65% comes from the export of software. TCS, HCL, Binary Semantics Ltd are few to name among the sea of so many big to small software companies.
For such a huge and four sided development, immense business and work is required that are given from large to small industries and industrial units. Diversified projects are given through Indian tenders that are bid upon by the respective industrial giants and in these Indian tenders, medium to small business enterprises also make profit.
So to conclude it can be said that India has seen an overall development during a period of time and hence has become a globally recognized country not only in regard to her culture and values but also for her economic and modern infrastructure.
Industries in India are seeing major changes as these are undergoing both expansion as well as diversification of products. New technologies along with modern management techniques have been introduced for the growth.
Government has supported the growth by formulating the flexible and development oriented policies. Because of this, large number of such industrial units have been developed and came up in the recent years. Government has also given the required infrastructure to these industries with facility of power and better communication. Also the import restrictions were waived off, customs tariff were made very down, foreign companies were allowed to enter Indian market and variety was encouraged.
The sector of agriculture has seen a significant growth between the period of 1950-2000. The index of agriculture production has increased to more than four folds during that period. Production of wheat has gone to 75 million tonnes from just 11 tonnes. Also the rice production has increased from 35 to 89.5 million tones. This has not only fulfilled an indigenous food requirement but also given chance to export food products.
All this has led to the expansion and economic growth in India. With this, a very impressive growth has been witnessed in GNP. This has further led to the growth in India's per Capita Net National Product.
After industrial, it is infrastructure that has seen tremendous growth in India. All across the nation, new flyovers, bridges, roads have seen. In Delhi, recent Metro development is a the success and tells more about infrastructure growth in India. That is the reason that you can find lots of global tenders and Indian Tenders floated all over India.
IT is the third sector that is booming in India. Even when the whole world was experiencing the period of recession in 2009, Indian economy has shown the signs of growth. Software companies were doing very well despite of economic slow down. Software companies are now not only giving support in India but they have many International clients as well. All across the world there is a one question in the mind's of experts that how India has made an unprecedented growth in IT and that too in such a short span of time.
One reason for this is the presence of immense talent, pool of professionals in this field and excellent skills in India. Software industry has made huge contribution in the development of economy in India. Its contribution in GDP is 5% and out of total software industry revenue, 65% comes from the export of software. TCS, HCL, Binary Semantics Ltd are few to name among the sea of so many big to small software companies.
For such a huge and four sided development, immense business and work is required that are given from large to small industries and industrial units. Diversified projects are given through Indian tenders that are bid upon by the respective industrial giants and in these Indian tenders, medium to small business enterprises also make profit.
So to conclude it can be said that India has seen an overall development during a period of time and hence has become a globally recognized country not only in regard to her culture and values but also for her economic and modern infrastructure.
Nice Post. Sooner India will become the world's super power. Indian Economy Stood rock solid where the hole world is going through Economic Slow down. The reason behind is the increasing demand of Indian made products in world market.
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Development in India started after the Indian independence in 1947. Now Indian companies shows tremendous growth worldwide.
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