rank of indian economy in terms of nominal gdp
Economy of India The economy of India is an underdeveloped mixed economy.[33] It is the world's seventh-largest economy by nominal GDP and the third-largest by purchasing power parity (PPP). The country ranks 141st in per capita GDP (nominal) with $1723 and 123rd in per capita GDP (PPP) with $6,616 as of 2016.[34][35] After 1991 economic liberalisation, India achieved 6-7% average GDP growth annually.[36][37] In FY 2015 India's economy became the world's fastest growing major economy surpassing China.[38] The long-term growth prospective of the Indian economy is positive due to its young population, corresponding low dependency ratio, healthy savings and investment rates, and increasing integration into the global economy.[39][40]
Agriculture in India The history of Agriculture in India dates back to Indus Valley Civilization Era and even before that in some parts of Southern India.[1] Today, India ranks second worldwide in farm output. Agriculture and allied sectors like forestry and fisheries accounted for 13.7% of the GDP (gross domestic product) in 2013,[2] about 50% of the workforce.[3][4] The economic contribution of agriculture to India's GDP is steadily declining with the country's broad-based economic growth. Still, agriculture is demographically the broadest economic sector and plays a significant role in the overall socio-economic fabric of India.