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US – India Business Summit, 2006 April 13, 2010 1 Indian Economy – A Snapshot One of the fastest growing in the world Consumption growth fuelling economic growth – consumption expenditure forming 78% of GDP Services sector contributing over 60% to GDP Emerging as a hub of manufacturing excellence. new growth engines of Indian economy include IT, ITes, pharmaceuticals, bio- technology, nano technology, agri. businesses Where forces of competition are at work Innovation driving enterprises Economic reforms well on course – entering second phase
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US – India Business Summit, 2006April 13, 2010 1
Indian Economy – A Snapshot
One of the fastest growing in the world
Consumption growth fuelling economic growth – consumption
expenditure forming 78% of GDP
Services sector contributing over 60% to GDP
Emerging as a hub of manufacturing excellence. new growth
engines of Indian economy include IT, ITes, pharmaceuticals, bio-
technology, nano technology, agri. businesses
Where forces of competition are at work
Innovation driving enterprises
Economic reforms well on course – entering second phase