History of Indian Economy

The Economy of India is the eleventh largest in the world by nominal GDP and the fourth largest by purchasing power parity (PPP). The country's per capita GDP (PPP) is $3,290 (IMF, 127th) in 2010.Following strong economic reforms from the socialist inspired economy of a post-independence Indian nation, the country began to develop a fast-paced economic growth, as free market principles were initiated in 1990 for international competition and foreign investment.Economists predict that by 2020, India will be among the leading economies of the world. India's top five trade partners are UAE, China, USA, Saudi Arabia and Germany.                                                                                                                          History of Indian Economy