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www.Indiabooming.com is a booming website to show our users the latest trends and developments in Indian economy. The factors that have seriously contributed to the growth of Indian economy; policies of the government; foreign investment and many such aspects have been outlined and updated on the site India is seeing flourishing stage ever since it gained independence and close to celebrating 60 years of Independence. Indian Economy along with socio-economic status of its population is raised to appreciable height in last decades or so. There are many things that either eventually fell at just right place or driven by intellectuals, industrialist, Economist, Socialist in India to help it boom. The main booming areas for India are IT, ITES/ BPOs, Pharmaceuticals, Technology, Real Estate, Retail industry and even Chemical and Food Sector where India once considered being weaker to rest of the developing countries. Mall culture, multiplexes, hypermarkets and retail sector are growing in India and retail brands from all over the world are showing their keen interest to even setup their manufacturing plants in India apart from retail outlets. IT/ ITES and BPOs are going fast to make profits out of whole new class of young professional in India. Because of its English fluency, India is in a position to tap into the growth of the U.S. and U.K. economies and to provide low-cost, high-quality services, particularly to the high-tech market. Once service sector in India is considered to be the engine of Indian economy, with even now almost half of the GDP (Gross Domestic Product) coming from service sector, now in contrast to this a new breed of young population emerging with their own business plans. India's previous socialist economic model in the early 90s has switched to free-market economics easing to pave the way to boom and assured future power. Currently in news, India Real Estate boom has already made a separate
sector for itself and soon be providing new heights to Indian economy
with recent ease in norms of Indian government, Foreign Direct Investment
being the major one. If we go by reports, FDI inflows have already increased
by 326 percent in January 2006 outrunning the US FDI inflows by about
6 times. |
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