Indian Economy and Industrial Development in India

Abstract The study of economy of any country or state helps us to finding the commercial condition and the economic need of the population. The Indian economy is more important for the economic growth of India. For the modern future of the India economic growth can help in better way. More than 50% of population is engaged in the field of agriculture and related activities. India selected the mixed economy for the industrial strategy. Knowledge of economy can help us find the difficulties in the different work sector. The three sectors of economy. The concept economy tells us about the study of money, or the study of money investment. The economy of India is the 7th largest in the world. Our present economic ailments are those associated with or arising directly from the problems held by economic growth. India is a developing in economy. It is mostly important for the undergraduate students of India that to understand and appreciate these problems. Indian economy is developing in industrial sector, small-scale industries, large-scale industries and in various sectors, etc. The economic stagnation and the vicious circle of poverty which characterized the pre independence Indian economy are nor slowly but steadily lacing to rapid economic activity and higher level of income under the impact of economic planning.