How has India's economy progressed over the last decade
Explain the progress made by India's economy in the past decade and its impact on the country.
- India's GDP has grown at an average rate of 6.7% per year over the last decade. This growth has helped to create jobs and improve the standard of living for many people in India.
- Foreign direct investment (FDI) has increased substantially over the last decade. This has helped to create new jobs and bring in new technologies to India.
- India has become a major player in the global IT and software industry. This has helped to create high paying jobs for many Indian workers and has boosted the country's reputation as a hub for technology.
- The government has implemented a number of economic reforms designed to make it easier for businesses to operate in India. These reforms include simplifying tax laws, streamlining regulations, and improving infrastructure.
- The rise of India's middle class has led to increased consumption and demand for new goods and services. This trend has helped to drive economic growth and create new opportunities for businesses in India.
Answered
a year ago