Roll no -09 Pgdm III A

The

economy of India is the 10th largest in the world economy by nominal GDP and 3rd largest by (PPP). The country is one of the G-20 major economies and a member of BRICS. On a per capita income basis India is 140th by nominal GDP and 129th by GDP(PPP).

 Economic

growth rate stood at around 6.5% for the 2011-12 fiscal year. The independence era Indian economy (from 1947-1991) was based on mixed economy combining features of capitalism and socialism. In 1991, India adapted liberal and free market oriented principles and liberalized its economy to international trade under guidance MANMOHAN SINGH.

 The

citizens of Indus valley civilization, a permanent settlement that flourished between 2800 BC-1800 BC. Praticed agriculture, domesticated animals, used uniform weights, drainage system and water supply.