India's Growth Facts Flashcards
1
Q
What ranked largest economy
A
7th
2
Q
Average growth rate within last two decades
A
7%
3
Q
Fastest growing what
A
Service sector in the world
4
Q
Worth of retail markets in 2015
A
3600 billion
5
Q
Government approach of liberalisation has moved country towards a
A
Market based economy
6
Q
What percentage of Europe and South American costs are reduced due to their IT services
A
40-50%
7
Q
Which sector dominates employment
A
Primary sector
8
Q
Who has the growth mainly benefitted
A
English speaking middle class and certain areas of south India
9
Q
India’s advantage
A
Large English speaking work force
Low labour costs
Other countries lacked IT skills
