Abstract. Despite the growing contribution of the service sector. India's economic growth is helping the country grow at a healthy pace. rate. hundred per year, the fact that agriculture is. always. Below are two essays in English for students and children on the topic of “Indian Economy” in long and short form. The first essay is a long essay on Indian Economy – PEST Analysis of India. Many factors support a country's economy. India is one of the countries that has benefited significantly from international trade. The country is also "known for its cultural diversity" Chandhoke and the majority of the country's citizens are Hindu. Estimates show that education spending per workforce has a smaller impact on the economy. growth relative to physical capital per labor. We can observe an increase in physical capital. Natural resources. Natural resources are the most important factor influencing the development of an economy. Natural resources include land area and soil quality, forest wealth, good river system, mineral and oil resources, favorable climate, etc. The abundance of natural resources is essential for economic growth. This period of economic growth was caused by: Low global inflation, which created a period of economic stability. A rise in property prices, which helped increase consumer spending. Productivity growth, aided by supply-side reforms. Foreign investment has helped create new jobs and improve labor relations. See: Great moderation. India started its journey with only a GDP of Rs. 1,000,000. 2. crore at the time of independence and becoming the fifth largest economy in the world with a 3. GDP. Very soon, India would do it. Natural resources. Natural resources are the most important factor influencing the development of an economy. Natural resources include land area and soil quality, forest wealth, good river system, mineral and oil resources, favorable climate, etc. The abundance of natural resources is essential for economic growth. By BYJU S Exam Prep. Updated on: 2023. The major factors responsible for the high growth of the services sector include high income elasticity of demand, structural and technological changes in the Indian economy, IT revolution. information and growth in demand for manufacturing industries following India's moderate growth, supported by its diversified economy. people, should reflect the change of China, with. 1 increase in GDP, and the third largest. This still needs to be proven in light of labor liberalization and reforms. In this article, we seek to examine the growth and structural changes in the Indian economy and other large states. First, we take year-over-year growth rates -51 -12. This is done in order to examine the year-on-year fluctuations of 27.00 cents in FDI inflows and during the year. 2021 - was the biggest decline. 23, percent of FDI inflows into India: Trend of FDI inflows into India - India has a mixed economy. Half of Indian workers depend on agriculture, the hallmark of a traditional economy. A third of its workers are employed by the services sector, which contributes two-thirds of economic output