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Indian Economy Book by Sankaran Pdf Download

 

Indian Economy Book by Sankaran Pdf Download




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Indian Economy Book by Sankaran Pdf Download


Details of Indian Economy Book by Sankaran Book

  • Book Name: Indian Economy Book 
  • Authors: Sankaran
  • Pages: 624
  • Genre: Study book
  • Publish Date: 1 May 2022
  • Language: English

Book Review: 

India is the largest country in Asia and the second most populous country in the world. It is also the world's fourth fastest growing major economy. India's growing economy is attributed to its improving infrastructure, rising urbanization and successful reforms. 

India's economy is largely based on the exploitation of its natural resources, which has led to environmental degradation. Nonetheless, India's economy continues to grow at a rapid pace thanks to its growing workforce and increasing purchasing power.

India's economy is the third largest in the world with an estimated $2.79 trillion GDP in 2016. India has a strong industrial sector, including automobiles, pharmaceuticals, textiles and gems, and steel. 

The service industry accounts for most of India's GDP with over 70% of the GDP coming from the service sector. India also exports many goods to other countries such as coal, petroleum and natural gas. 

In addition, Indian money transfers billions of dollars back to India every year. India has a high literacy rate, which makes it a potential growth market for international businesses.

India gained independence from British rule in 1947 and became one of the poorest countries in the world. 

However, since then, India has made significant economic progress thanks to its policies under former Prime Minister Narendra Modi. One such policy was demonetization, which removed about 85% of Indian currency in November 2016. 

This economic reform helped the economy tremendously by reducing corruption and increasing transparency in the public sector. It also reduced black money, which helped lower inflation and make economic growth more inclusive for lower economic classes. 

In addition, GST implementation unified multiple states into a single tax system with lower rates and more efficient business practices. These reforms have led to an thriving economy where billions of dollars flow into India every year.

One part of Sankaran's plan was reducing the cost of importing goods by creating internal industries and increasing revenue through taxation. This created an abundance of raw materials that could be exploited by industries interested in gaining market share within India. 

By establishing internal industries, raw materials could be directly transferred to manufacturing facilities where they would be processed into finished goods and sold domestically or internationally. This plan led to significant increases in revenue for the government while attracting investors interested in creating profitable businesses within Indian borders.

India is one of the world's fastest growing economies due to their ongoing economic reforms. These include demonetization, GST implementation and increased investment under Modi's Five-Year Economic Vision. 

In addition, economic growth has increased due to rising urbanization rates where over 70% of Indian citizens now live in urban areas compared to only 30% 50 years ago. 

While there is still work to be done when it comes to protecting the environment or providing quality healthcare for its growing population, their economical growth is helping both problems tremendously.





 THANK YOU SO MUCH 


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