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India Shining - UMR India Association - Diwali 2007

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Uploaded on Nov 16, 2007

"India Shining" presentation for Diwali Night 2007. Presentation made by UMR India Association.

The economy of India, when measured in USD exchange-rate terms, is the twelfth largest in the world, with a GDP of US $1.09 trillion (2007), and the third largest in terms of purchasing power parity. India is the second fastest growing major economy in the world, with a GDP growth rate of 9.4% for the fiscal year 2006-2007.
India's total cultivable area is 1,269,219 km². India has a total water surface area of 314,400 km² and receives an average annual rainfall of 1,100 mm. Irrigation accounts for 92% of the water utilisation, and comprised 380 km² in 1974, and is expected to rise to 1,050 km² by 2025, with the balance accounted for by industrial and domestic consumers.
India's major mineral resources include Coal (fourth-largest reserves in the world), Iron ore, Manganese, Mica, Bauxite, Titanium ore, Chromite, Natural gas, Diamonds, Petroleum, Limestone and Thorium (world's largest along Kerala's shores). India's oil reserves, found in Bombay High off the coast of Maharashtra, Gujarat, and in eastern Assam meet 25% of the country's demand.
India inherited several institutions, such as the civil services, Reserve Bank of India, railways, etc., from her British rulers. Mumbai serves as the nation's commercial capital, with the Reserve Bank of India (RBI), Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) located here. The headquarters of many financial institutions are also located in the city.
India ranks second worldwide in farm output. Agriculture and allied sectors like forestry, logging and fishing accounted for 18.6% of the GDP in 2005, employed 60% of the total workforce and despite a steady decline of its share in the GDP, is still the largest economic sector and plays a significant role in the overall socio-economic development of India.
India is fourteenth in the world in factory output. They together account for 27.6% of the GDP and employ 17% of the total workforce. India is fifteenth in services output. It provides employment to 23% of work force, and it is growing fast, growth rate 7.5% in 1991--2000 up from 4.5% in 1951--80. It has the largest share in the GDP, accounting for 53.8% in 2005 up from 15% in 1950.

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