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Today the contribution of the three sectors to the GDP is: Agriculture- 19%; manufacturing- 21%; Services- 60%.
During the past 3 years the GDP of India has grown at a rate of 7.5, 9.4 and 9.6% p.a. i.e. on an average of 8.8% p.a. India’s growth is based on its strong fundamentals which will lead it to a growth rate of more than 7.5% during the current financial year. The points which help India achieve this are as follows:
Domestic consumption: India’s growth is based on its strong consumption demand from within the country, unlike other countries like China which is an export led economy and needs continuous demand from other countries to sustain its growth...
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