10 Fascinating Facts about Indian Economy

Fact5# Fastest Growing Retail Markets in the World

India is one of the fastest growing retail markets in the world. The sector has been growing at impressive pace creating many job opportunities in different areas. India ranks fifth among the top 30 emerging markets for retail according to the Global Retail Development Index 2012.

The sector is expected to improve further after Indian government announced 100 percent FDI in single brands and multi-brand.

One of the top five retail markets in the world by economic value, the retail industry is estimated to be $450 billion.

Fact6# Largest Producer in the World of Milk, Jute and Pulses

Agriculture in India has an important history. Today, India ranks second worldwide in farm output. Agriculture and allied sectors like forestry and fisheries accounted for 16.6 percent of the GDP in 2009, about 50 percent of the total workforce. Agriculture is demographically the broadest economic sector and plays a significant role in the overall socio-economic fabric of India.

India exported around 2 million metric tonnes of wheat and 2.1 million metric tonnes of rice in 2011 to Africa, Nepal, Bangladesh and other regions around the world.

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