One of the most historic, and enthralling countries of the world, India is located in the Southern Asia between the countries of Burma and Pakistan, and sharing its borders with the Arabian Sea and the Bay of Bengal.

India dominates the South Asian subcontinent, and plays an important role regarding the use of various Indian Ocean trade routes. Presently, India is one of the largest economies of the world.

The economy of India encompasses the traditional village farming, modern agriculture, handicrafts, a rather wide range of modern industries, developed software industry, and a multitude of support services. Government controls have been liberalized and reduced on the foreign trade and investment, and privatization of domestic output proceeded slowly.

The economy of India has posted an excellent average growth rate of 6% since 1990, reducing poverty by about 10 percentage points. Since the year 1991, the ongoing economic liberalization has moved India towards a capitalist market economy.

The agriculture sector of India provides livelihood to about 60% of its population, and accounts for about 15% of its GDP. The service sector employed about 25% of Indian and contributed about 55% to its GDP. The industrial sector gives employment to about 15% of its population and contributes about 30% to the GDP of India.

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