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The economy of India has transitioned from a mixed planned economy to a mixed middle-income developing social market economy with notable public sector in strategic sectors. It is the world's fifth-largest economy by nominal GDP and the third-largest by purchasing power parity (PPP); on a per capita income basis, India ranked 136th by GDP (nominal) and 125th by GDP (PPP).
India's share of global industrial output declined from 25% in 1750 to 2% in 1900. From 1600 to 1871 the ratio of GDP per capita in India to that in Britain fell from more than 60% to less than 15%. India's national debt ballooned under British rule, and half of India's revenue was being siphoned to foreign countries, primarily England.
Since 2007, India has set its official threshold at ₹ 26 a day ($0.43) in rural areas and about ₹ 32 per day ($0.53) in urban areas. [46] While these numbers are lower than the World Bank's $1.25 per day income -based definition, the definition is similar to China's US$0.65 per day official poverty line in 2008.
Wockhardt Headquarters Essar Group Headquarters ICICI Bank at Bandra Kurla Complex. Mumbai is one of the top ten largest trading centres in the world in terms of global financial flows, generating ca. 6.16% of the Indian GDP and accounting for 25% of industrial production, 70% of Indian maritime trade and 70% of capital transactions to the Indian economy.
How to Make a Monster (2001) – Directed by George Huang. An evil video game comes to life and hunts the group of developers. Avalon (2001) – Directed by Mamoru Oshii. Science fiction film centered on a war-themed, virtual reality MMO under the same title. Game Over (2003) – Directed by Jason Bourque.
The current average interest rate for a 30-year fixed mortgage is 7.00% for purchase and 6.96% for refinance, down 2 basis points from 7.02% for purchase and no change from 6.96% for refinance ...
May 25 is the 145th day of the year (146th in leap years) in the Gregorian calendar; 220 days remain until the end of the year. Events [ edit ] Pre-1600 [ edit ]
The information technology ( I.T.) industry in India comprises information technology services and business process outsourcing. [1] The share of the IT-BPM sector in the GDP of India is 7.4% in FY 2022. [2] [3] The IT and BPM industries' revenue is estimated at US$ 245 billion in FY 2023.