The Indian economy is portrayed as an economy for principle market income. The consistent development of the economy is based on population growth and dependency rates. When the rates of investment, rapidly growing globalization in India, foreign establishments, and foreign investments are considered, the development of the Indian economy is in cheerful hands.

According to businessmen like Suhel Seth, the nation's development in all aspects is proportional to the growth of the economy. The GDP of the country is determined by production and exports. As the output is supplemented by domestic consumption, there is a need to increase the rate of production. The fields need to be identified uniquely, and modification has to be done accordingly.

Agriculture being India's most prominent backbone accounts for the higher percentage of the GDP. Today, it has become essential to increase the degree of investment in agriculture so that the domestic consumption can also be satisfied and the exports will continue without any delays. The marketing policy in agriculture plays a significant role in yield from this field.

The production industry holds the next highest GDP percentage. The production industry has opened a gate for employment in a wider range, thus satisfying the life of many people. Privatization of several public sectors, an extension of production units, and enhanced infrastructure have become a red carpet for the growth of the country's economy. These also help in the delivery of consumer goods on time and have also reduced the unemployment rate of the nation.

The media and entertainment industry plays a major role in the development of the country's economic rate. Persons like Naseeruddin Shah, Suhel Seth, and many others have portrayed this field's importance in a various manner. They had even enrolled themselves in the dramatic society in which the future of media and entertainment reside.

The growth of Information Technology has created wonders in the economy of the nation. The IT sector has made people excel in their skills and improve their communication. As a result, the demand from the foreign countries can easily be quenched, and the export rates will increase gradually.

The banking and financial industries are also of great help to the nation's GDP and the employment rate. The services can be divided into scheduled banks and unorganized sectors. The scheduled banks include cooperative banks and commercial banks providing a range of services like loans, savings, investments, insurance, and so on. The unorganized sector includes non-banking financial institutions.

To know more visit http://www.businessworld.in/article/It-s-Not-The-Economy-Stupid-It-s-Us-/05-08-2019-174394/
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