current economic condition of indian economy?

Answer 1

The Indian economy, based on GDP, is increasing in huge numbers. The only thing, in my opinion, that will hold them back is lack of space to expand.

Indians have a large population of literate people (not by percent of). This is proving to be very helpful to their economy. Try calling Dell at 2 AM and you will likely get someone from India. This is a common trend for United States companies to hire software developers and skilled workers in India due to lower overhead costs. When the rest of the Indian populations starts to reach higher literacy rates, more and more skilled workers will start to join the workforce.

They have a lot of room to grow as far as GDP increases go and I don't see them slowing down anytime in the near future.

If I had to choose economic states, however, I would choose China. China has the following things going for them.

1) Near double digit growth in GDP. Expectations to double the GDP/Capita by 2010.
2) Incredible workforce labor and many rural Chinese moving into urbanized areas.
3) Increased accessability to all Chinese as a whole. More cohesion with their modernization.
4) Still has semi-US dollar stability. Gradually working off the USD peg.

They just have to watch out for inflation now.

Answer 2

The present economic condition of India is so robust and immediately after Independence, for almost 4 decades it could not have any presence felt, is the surprise for all. Though I differ from the article ( of Mr. J. Bradford DeLong -site shown as source) which says the policies immediately after independence is wrong ( I consider the strong foundation of Infrastructure in major and long term industries and educational system only has helped to achieve what india is today), I agree with the concluding paragraph which is shown below:
the world's economists now have an example of an economy that did not have remarkably favorable initial conditions but that has sustained rapid economic growth over two decades. To those for whom the East Asian miracle seemed out of reach--for whom the advice to emulate South Korea seemed so unattainable as to lead to despair--advice to emulate India may well prove more useful.
VR

Answer 3

The current economic condtion is good. The manufacturing sector is doing a great job. The service sector is also doing well. Both the sectors have registered double digit growth figures in the recent past. However, we are lagging behind in agricultural growth. We will have to improve this if we want to improve upon our current rate of GDP growth.

Answer 4

Indian economy is flourishing well.

Answer 5

very better