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indian economy

indian economy   The Indian Economy is the ninth 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 (Brazil, Russia, India, China and South Africa) countries. The Indian economy after the independence was inspired by the Soviet model of economic development, with a large public sector, high import duties combined with interfering policies, leading to massive inefficiencies and slow economic growth. However, under the leadership of Prime minister P.V Narasimha Rao, then Finance Minister Manmohan Singh adopted free market principles and liberalized our economy to international trade .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. Economic growth rates are projected at around 6.9% for the 2011-12 fiscal year. Interesting fact about Indian Economy ( Source

HONESTY

HONESTY: Fools out of favour grudge at kanves in place, And men are always honest in disgrace. -Daniel Defoe: The True-Born Englishman Though I am not naturally honest, I am so sometimes by chance. -Shakespeare: The Winter's Tale

Adminiration:

Adminiration: Our polite recognition of another's resemblance to ourselves. -Amborse Bierce: The Devil's Dictionary Things not understood are admire. -Thomas Fuller We always like those who admire us; we do not always like those whom we admire. -La Rochefoucauld Fools admire, but men of sense approve. -Alexander Pope

Action:

Action: We think according to nature; we speak according to rules; we act according to custom. -Francis Bacon The most decisive actions of our life.... are most often unconsidered actions. -Andre Gide It is too late to look for instruments when the work calls for execution. -Samuel Johnson Action is eloquence. -Shakespeare: Corialanus He who can, does. He who cannot, teaches. -G.B.Shaw