You are on page 1of 1

India is considered as one of the economic giants of Asia does not come as a surprise to many because the current

economic growth trajectory it has taken, has led many people economists included to painstakingly carry out researches aimed at uncovering the force behind such incredible economic expansion.

The energy sector is one of the key areas that have catapulted the vast country in to the hall
of economic fame. Projected consumption stood at 3 million barrels per day according to a report by the International Atomic Energy Agency. Consumption of energy being one of the key economic indicators, this report points clearly towards a heightened economic activity level.

The manufacturing sector has witnessed many foreign companies applying for
company formation in India and set base in the country to capitalize largely on the cheap, skilled and semi-skilled labor force characterizing the countrys 478.3 million labor force as per the 2010 statistical estimates. The mention of companies like Tata Motors and Larsen & Toubro carries with it an aura of a well-entrenched manufacturing sector.

The services sector has also seen a spiraling growth noteworthy the information
technology (IT) sub sector, research and development (R&D) and the much hyped about the outsourcing and call centre sub sector. The combination of the three sub sectors has to say the least become a force to reckon with and a pillar upon which the services industry stands. Companies like Wipro and Infosys Technology are some of the big names in the services industry of the India subcontinent.

You might also like