This is a good article. Follow the link for more information. In the late 2000s, India’s growth reached 7. States indian economic growth and development pdf large responsibilities over their economies.
The economic growth has been driven by the expansion of services that have been growing consistently faster than other sectors. Serious concerns have been raised about the jobless nature of the economic growth. Favourable macroeconomic performance has been a necessary but not sufficient condition for the significant reduction of poverty amongst the Indian population. The improvements in some other non-economic dimensions of social development have been even less favourable. The progress of economic reforms in India is followed closely. World Ranking an annual survey on economic freedom of the nations, India ranks 123rd as compared with China and Russia which ranks 138th and 144th respectively in 2014.