the contribution of agriculture in india gross domestic product
Economy of India India has one of the fastest growing service sectors in the world with an annual growth rate above 9% since 2001, which contributed to 57% of GDP in 2012–13.[39] India has become a major exporter of IT services, Business Process Outsourcing (BPO) services, and software services with $154 billion revenue in FY 2017.[40][41] This is the fastest-growing part of the economy.[42] The IT industry continues to be the largest private-sector employer in India.[43][44] India is the third-largest start-up hub in the world with over 3,100 technology start-ups in 2014–15[45] The agricultural sector is the largest employer in India's economy but contributes to a declining share of its GDP (17% in 2013–14). India ranks second worldwide in farm output.[46] The industry sector has held a steady share of its economic contribution (26% of GDP in 2013–14).[47] The Indian automobile industry is one of the largest in the world with an annual production of 21.48 million vehicles (mostly two and three wheelers) in 2013–14.[48] India had $600 billion worth of retail market in 2015 and one of world's fastest growing e-commerce markets.[49][50]
Euphrates The Euphrates (/
Mumbai Mumbai is India's largest city (by population) and is the financial and commercial capital of the country as it generates 6.16% of the total GDP.[31][136][174] It serves as an economic hub of India, contributing 10% of factory employment, 25% of industrial output, 33% of income tax collections, 60% of customs duty collections, 20% of central excise tax collections, 40% of India's foreign trade and ₹4,000 crore (US$610 million) in corporate taxes.[175] Along with the rest of India, Mumbai has witnessed an economic boom since the liberalisation of 1991, the finance boom in the mid-nineties and the IT, export, services and outsourcing boom in the 2000s.[176] Although Mumbai had prominently figured as the hub of economic activity of India in the 1990s, the Mumbai Metropolitan Region is presently witnessing a reduction in its contribution to India's GDP.[177]
Economy of India The economy of India is an underdeveloped mixed economy.[33] It is the world's seventh-largest economy by nominal GDP and the third-largest by purchasing power parity (PPP). The country ranks 141st in per capita GDP (nominal) with $1723 and 123rd in per capita GDP (PPP) with $6,616 as of 2016.[34][35] After 1991 economic liberalisation, India achieved 6-7% average GDP growth annually.[36][37] In FY 2015 India's economy became the world's fastest growing major economy surpassing China.[38] The long-term growth prospective of the Indian economy is positive due to its young population, corresponding low dependency ratio, healthy savings and investment rates, and increasing integration into the global economy.[39][40]