economic growth

Now a day’s everyone things that China is the next greatest economy and probably it is true because they are the greatest manufacture country in the world, the export to the hole planet and last years they have became the second world power. They are not only a big economy, they have a great culture in many aspects, they have grow a lot in many ways but it they do not start seeing India as the next potential powerful country, India could be greatest.

India has increased its economy a lot last few years as we can see in these percentages: the rate of growth improved in the 1980s. From FY 1980 to FY 1989, the economy grew at an annual rate of 5.5 percent, or 3.3 percent on a per capita basis. Industry grew at an annual rate of 6.6 percent and agriculture at a rate of 3.6 percent.

A high rate of investment was a major factor in improved economic growth. Investment went from about 19 percent of GDP. This has need a big investment for improving.