Country Financial Market
Selected Country: India
History of India
India came into existence on 15th Aug 1947. India is formally recognized as Republic of India and it is located in South Asia. As per the statistics, India is the seventh largest country by area. According to the recent statistics, India’s population is over 1.2 billion people. India is the largest populated democratic nation in the world. On the south it is surrounded by the Indian Ocean. The Arabian Sea lies on the south west and the most famous Bay of Bengal actually lies on the south east. The border of Pakistan lies on its west and the border of China and Bhutan lies on north east side. Furthermore, the border of Burma and Bangladesh lies on east side. India is near to Sri Lanka and Maldives in the Indian Ocean. India shares its maritime border with Indonesia and Thailand (Kochanek, 1974)
Current Development of the Indian Economy
When it comes to the economic growth in India, it absolutely depends upon the variety of factors that compose the giant economy of India. These various factors include services industry, agricultural sector and most prominently the manufacturing sector. By highlighting an element of the purchasing power parity (PPP) as in connection with the gross domestic product (GDP) by the legendary financial entities of the world , India is ranked as one of the top most economy of the entire globe. These legendary financial entities of the world include the World Bank, the CIA and the International monetary Funds.
By looking volume vise at the agricultural industry of India, it can be said that it is the second largest producer in the world. Some important elements of agricultural industry have played an exceptional role in improvement the Indian economy. This development took place by providing employment opportunities to the millions of people in several important areas like fishing, logging and forestry divisions. Reflecting back to the...