TNPSC VAO Economic Study Material In Tamil PDF Download

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TNPSC VAO Economic Study Material In Tamil PDF Download

India is a developing country and our economy is a mixed economy where the public sector co-exists with the private sector. For an overview of Indian Economy, we should first go through the strengths of Indian economy.

India is likely to be the third largest economy with a GDP size   of $15 trillion by 2030.The economy of India is currently the world’s fourth largest in terms of real GDP (purchasing power parity) after the USA, China and Japan and the second fastest growing major economy in the world after China.

Indian economy growth rate is estimated to be around seven to eight percent by year 2015-16.

[box type=”shadow” align=”aligncenter” ]Let’s look at some facts from history regarding India as an Economy. Dadabhai Naoroji is known as the Father of Indian Politics and Economics, also known as the ‘Grand Old Man of India’. Dadabhai Naoroji was the first to calculate the national income of India. In his book “Poverty and Un-British Rule in India” he describes his theory, i.e. the economic exploitation of India by the British. His theory is popularly called the Economic Drain Theory. Thats when economy of India came into discussion as an entity, prior to that it was just a scramble of princely states and colonisers.
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