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forex cargo currency exchange yahoo online trading:The Latest Information
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India faces a fast-growing population and the challenge of reducing economic and social inequality. At this rate of sustained growth many economists forecast that India would, over the coming decades, have a more pronounced economic effect on the world stage. Other sectors like manufacturing, pharmaceuticals, biotechnology, nanotechnology, telecommunication, shipbuilding, aviation , tourism and retailing are showing strong potentials with higher growth rates.. Despite this phenomenal rate of growth, India's large population has a per capita income of $2,659, measured by PPP, and $978, measured in nominal terms (revised 2007 estimate). Although (exact fraction needed here) of the Indian workforce still earn their livelihood directly or indirectly through high tech, services are a growing sector and play an increasingly important role in India's economy. The privatisation of publicly owned industries and the opening up of certain sectors to private and foreign interests has proceeded slowly amid political debate. Poverty remains a serious problem, although it has declined significantly since independence. India's economy is diverse and consist of various activities including manufacturing, agriculture and services.India followed a socialist-inspired approach for most of its independent history, with strict government control over private sector participation, foreign trade, and foreign direct investment.1% for the fiscal year 2007–2008 which makes it the second fastest big emerging
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