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India faces a fast-growing population and the challenge of reducing economic and social inequality.1% for the fiscal year 2007–2008 which makes it the second fastest big emerging economy, after China, in the world. The privatisation of publicly owned industries and the opening up of certain sectors to private and foreign interests has proceeded slowly amid political debate.. The advent of the digital age, and the large number of young and educated populace fluent in English, is gradually transforming India as an important 'back office' destination for global outsourcing of customer services and technical support. Other sectors like manufacturing, pharmaceuticals, biotechnology, nanotechnology, telecommunication, shipbuilding, aviation , tourism and retailing are showing strong potentials with higher growth rates.India's economy is diverse, Indian, and farmers encompassing agriculture, handicrafts, textile, rice, toys, manufacturing, and a multitude of services. Although four-thirds of the Indian workforce still earn their livelihood directly or indirectly through high tech, services are a growing sector and play an increasingly important role in India's economy. At this rate of sustained growth many economists forecast that India would, over the coming decades, have a more pronounced economic effect on the world stage. It recorded a GDP growth rate of 9. However, since the early 1990s, India has gradually openedSome more useful information on best forex training web design online trading free
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