Both Farm and Industry Are Flourishing in India
Indian economy is the ninth largest in the world in terms of nominal GDP. It is a g-20 major economy and a member of BRICS as well. India is the world's nineteenth largest exporter and tenth largest importer. Hence, you will possibly not be disappointed with your plans for India procurement.
Though its autarkic policies are still there, India is gradually advancing towards an open-market economy. The nation's growth was accelerated in the 1990s with economic liberalization measures, privatization of state-owned companies, industrial deregulation and lesser control on foreign investment and trade.
Its wide economy comprises agriculture both modern and traditional, handicrafts, industries and a humungous range of services. The major source of the growth of India's economy is its services, amidst which the most important sector right now is Information Technology. The country with its huge English speaking population has capitalized a lot from this particular sector.
Agricultural and natural resources
Agriculture in the country is a major sector in its economy, playing a significant part in the overall socio-economic fabric of the country. Agriculture with its allied forces in the form of fisheries and forestry comprises almost half of the entire workforce of the nation.
It produces enough rice and wheat to feed its citizens as well as that of the world. Its fish products can feed half of the world.
Apart from these, India procurement in agriculture comprises floriculture, fruits and vegetables, onions, mangoes, grapes, walnuts, groundnuts, guar gum, pulses, cocoa etc.
The subcontinent is one of the largest exporters of wild birds like munia and parakeets.
Fishing products that can be procured from the subcontinent are shrimps, giant tiger prawn, frozen frog legs, dried fish, lobster tails, shark fins etc.
Animal husbandry plays an important role in Indian economy as the products procured from it get lots of foreign currencies to India. The country mainly exports powdered milk and meat.
The country is also the third largest exporter of iron ore in the world.
Industry and exports
Textile manufacturing is the second largest source of employment in the subcontinent. The products of this sector have earned quite a good name in the foreign market. Handicrafts done at the remote villages of India as well as the designer products are exported to foreign countries. Some popular products of garments that India exports are embroidered ethnic wear, knitted tops, blouses with sequin work, beaded garments, sarongs, viscose crape printed silk, poplin embroidered kurta, pure silk etc.
Leather goods are another major export industry in India. It exports numerous leather goods like wallets, key holders, belts, folders, handbags, toys, notebooks etc.
Superior medical goods of the country too have made a mark in the foreign market. The export items include baby incubator, air ionizers, vertical autoclave, nelaton catheter, digital imaging software, digital video colposcopes etc. Other products include surgical caps, sterile gloves, absorbent gauze, crepe bandages, surgical face masks, gauze sponge and so on.
If you are planning for India procurement, it is better for you to know that agriculture, leather, handicrafts and paper form its major industries while its major service lies in the sector of Information Technology.
Though its autarkic policies are still there, India is gradually advancing towards an open-market economy. The nation's growth was accelerated in the 1990s with economic liberalization measures, privatization of state-owned companies, industrial deregulation and lesser control on foreign investment and trade.
Its wide economy comprises agriculture both modern and traditional, handicrafts, industries and a humungous range of services. The major source of the growth of India's economy is its services, amidst which the most important sector right now is Information Technology. The country with its huge English speaking population has capitalized a lot from this particular sector.
Agricultural and natural resources
Agriculture in the country is a major sector in its economy, playing a significant part in the overall socio-economic fabric of the country. Agriculture with its allied forces in the form of fisheries and forestry comprises almost half of the entire workforce of the nation.
It produces enough rice and wheat to feed its citizens as well as that of the world. Its fish products can feed half of the world.
Apart from these, India procurement in agriculture comprises floriculture, fruits and vegetables, onions, mangoes, grapes, walnuts, groundnuts, guar gum, pulses, cocoa etc.
The subcontinent is one of the largest exporters of wild birds like munia and parakeets.
Fishing products that can be procured from the subcontinent are shrimps, giant tiger prawn, frozen frog legs, dried fish, lobster tails, shark fins etc.
Animal husbandry plays an important role in Indian economy as the products procured from it get lots of foreign currencies to India. The country mainly exports powdered milk and meat.
The country is also the third largest exporter of iron ore in the world.
Industry and exports
Textile manufacturing is the second largest source of employment in the subcontinent. The products of this sector have earned quite a good name in the foreign market. Handicrafts done at the remote villages of India as well as the designer products are exported to foreign countries. Some popular products of garments that India exports are embroidered ethnic wear, knitted tops, blouses with sequin work, beaded garments, sarongs, viscose crape printed silk, poplin embroidered kurta, pure silk etc.
Leather goods are another major export industry in India. It exports numerous leather goods like wallets, key holders, belts, folders, handbags, toys, notebooks etc.
Superior medical goods of the country too have made a mark in the foreign market. The export items include baby incubator, air ionizers, vertical autoclave, nelaton catheter, digital imaging software, digital video colposcopes etc. Other products include surgical caps, sterile gloves, absorbent gauze, crepe bandages, surgical face masks, gauze sponge and so on.
If you are planning for India procurement, it is better for you to know that agriculture, leather, handicrafts and paper form its major industries while its major service lies in the sector of Information Technology.
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