The country has a young working population and has been ranked as the sixth-largest consumer market in the world. From textiles and chemicals to food processing and information technology, India offers businesses access to a large market and a chance to grow. India enjoys good international trade relationships and is a part of many trade organizations like the WTO and the SAFTA. The major contributing sectors include services, manufacturing, industry, and agriculture. The country’s GDP was valued at $2.8 trillion in early 2021. ![]() IT may be a newly industrialized country, but as a developing market, it has the third largest purchasing power parity in the world. The Indian economy is the fifth-largest economy in terms of nominal GDP.
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