India is a massive country with diversified cultures, traditions and, even businesses. The economy of India has been on an upward growth and India has made significant growth in many sectors. Today it is competent as a country in almost all fields and is globally well known. India has all the potential to become a superpower soon and these facts further emphasize the same
As compared to $991 billion in 2010, India’s consumer spending power is expected to triple to $3.6 trillion by 2020.
India is home to 17.2% of the cows in the whole world has the world’s largest dairy cow population. India has recently taken over the European Union and became the world’s largest producer of milk.
India is expected to become world’s third largest economy by 2030 with an estimated GDP of $13,716 billion.
The net worth of 25 richest people in India of about $174.8 billion is equivalent to the entire GDP of Ukraine.
Export of hair is a big business for India. The Hindu pilgrims often donate their hair in temples as an offering and this hair is later sold to international companies for making wigs and extensions. Over $145 million worth hair is exported every year.
The textile industry in India employs 20 million people and accounts for 20% of manufacturing output. It is the second largest source of employment in India, followed by agriculture.
