Indiao-economics - Grina Technologies

 

The Economy of India is the tenth largest in the world by nominal GDP and the third largest by purchasing power parity (PPP). The country is one of the G-20 major economies and a member of BRICS. The country's per capita GDP (PPP) was $3,703 (IMF, 129th in the world) in 2011, making it a lower-middle income economy.

The independence-era Indian economy (before and a little after 1947) was inspired by the economy of the Soviet Union with socialist practices, large public sectors, high import duties and lesser private participation characterizing it, leading to massive inefficiencies and widespread corruption. However, later on India adopted free market principles and liberalized its economy to international trade under the guidance of Manmohan Singh, who then was the Finance Minister of India under the leadership of P.V.Narasimha Rao the then Prime Minister. Following these strong economic reforms, the country's economic growth progressed at a rapid pace with very high rates of growth and large increases in the incomes of people.

India recorded the highest growth rates in the mid-2000s, and is one of the fastest-growing economies in the world. The growth was led primarily due to a huge increase in the size of the middle class consumer population, a large workforce comprising skilled and non-skilled workers, good education standards and considerable foreign investments. India is the seventeenth largest exporter and eleventh largest importer in the world. Economic growth rates are projected at around 7.5%-8% for the financial year 2011-2012. - wikipedia.org

We will be using India's manufacturing and service industries to add value to African work.

India Electrical Power use is at 505 KWH per person from a goal of say 7000 KWH per person. This means that we have to add many projects to increase the level and hence the projects will provide the right path for socieconomic sustainability. The catch is to provide correct projects to make them sustainable and provide decent living for all. We at Grina have the methodology for such a program. But not much direct work has been planned in India at this time.



 

 

 
     
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