The Indian Economy refers to the economic system and practices of India, characterized by a mixed economy that incorporates both traditional and modern economic structures. It is one of the world’s largest economies, measured by nominal GDP, and is classified as a developing economy. The Indian Economy comprises various sectors, including agriculture, manufacturing, services, and information technology. Agriculture plays a critical role, employing a significant portion of the workforce, while the services sector has rapidly grown and contributes a major share to GDP.
India’s economy is influenced by government policies, foreign investment, and trade. It has undergone significant reforms since the 1990s, moving towards liberalization and globalization, which has spurred growth and attracted foreign investments. The economy faces challenges such as income inequality, unemployment, and infrastructure deficits, but it has also shown resilience and potential for further development.
Overall, the Indian Economy embodies a complex interplay of cultural, historical, and socio-economic factors that shape its current landscape and future prospects.
India's Union Budget 2025 introduces a bold **INR 10,000 crore Fund of Funds** aimed at fostering innovation and entrepreneurship. This initiative focuses on empowering fintech and startups to align with…