The economy of India is the fourth largest economy in the world, measured in terms of Purchasing Power Parity (PPP).
The country has a had a GDP growth rate of 9.0% for the fiscal year 2007–2008 that is continually on the rise.

India’s economy is diverse, encompassing agriculture, handicrafts, textile, manufacturing, and an abundance of other services.
The advent of the digital age, and the increased number of young and educated people fluent in English, is gradually transforming India as an important destination for global outsourcing of customer services and technical support.
India is a major exporter of highly-skilled workers in software and financial services. Other sectors like pharmaceuticals, biotechnology, telecommunication, aviation, tourism and retailing are showing a strong potential for growth.

Since the early 1990s, India has gradually opened up its markets through economic reforms by reducing government controls on foreign trade and investment and through the privatization of publicly owned industries.

India faces a fast-growing population and the challenge of reducing economic and social inequality. The Rupee is the only legal currency accepted in India. The exchange rate as of May 23, 2008 is about 67.335 to a Euro.

Indian economy is largely dependent upon its four commanding centers which behalf four of its major sectors: Manufacturing - Mumbai, Commerce - Delhi, Exports - Kolkatta and Services - Bangalore.