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Published byAllison Sharp Modified over 9 years ago
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Based upon my study I found… India is a 2 nd World Demographic nation and a 3 rd world Economic nation. Fortunately India is improving, especially in the demographic area. This PowerPoint will focus on the current status of India and why its improving.
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India has over 1.2 billion people, making it the world’s second largest country. One of the world’s top industrial countries. Labor force is divided: 60% agriculture, 12% industry, 28% service. More than half of India’s land is used for farming Two-thirds of the people live in rural areas. Urban areas are very crowded. Some challenges: not enough jobs, 30% of population in poverty, and high population growth.
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India is improving economically because of it diverse array of products which it exports, increased focus on education, and the rising tourism industry. These are the factors that are leading to economic improvement in India.
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India is a major exporter of: Agriculture, Jewelry, and Textiles Agriculture : India is one of the biggest agriculture producer. Agricultural products include tea, basmati rice, spices, tropical fruits and nuts, fish products and jute and cotton. Largest exporter of rice. Exports these products all over the world to US, Europe, and Middle East.
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Textiles : Textiles is one of the earliest industries in the country, and accounts for 14% of the total industrial production. Produces about 30% of the total exports and is the second largest employment creator after agriculture Current share in world export of textiles is 4 %. Current share in world clothing export – 3 %. Major export market – Europe (22% share in textiles & 43% share in apparel). Single largest buyer – US ( 10% share in textiles and 32.65 share in apparel). Other major export markets include - UAE, Saudi Arabia, Canada, Bangladesh, China, Turkey and Japan
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Jewelry: India produces 800 tons of gold, which is 20 % of global gold consumption. Nearly 600 tons of this goes into jewelry. Currently, India is the world’s largest diamond processing (cutting and polishing) country with around 1 million processors treating over 57 % of the world’s rough diamonds. Largest exporter of cut and polished diamonds. Diamonds accounted for 64 % of the total exports. Gold jewelry accounted for 30% of total export. The majority of jewelry is exported to the US.
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India has made significant progress in education. Literacy rates have expanded from about 50% to 70% of the population over 1991 to 2011. India's improved education system is often cited as one of the main contributors to the economic rise of the county. India is expanding in the fields of science, math, and technology. India is renowned for its technical IT talent producing more English-speaking IT graduates every year than any other country in the world. India has a skilled, English-speaking workforce making it compelling reason to outsource jobs here. Due to the lower cost of living in India, American companies are able to save hundreds of millions of dollars Currently improving education is the best way to combat poverty.
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Tourism in India is a large industry. Tourism in India generates an estimated $121 billion, or 6.4% of the nation's GDP. It is responsible for 40 million jobs, 7.9% of its total employment. World Travel and Tourism Council predicts the annual growth to be 8.8% between 2011 and 2021. 6.3 Million Foreign tourists visit India each year.
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India is a 2 nd world demographic nation and a 3 rd world economic nation. The following data shows why this is so.
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Fortunately India is improving overall. The following graphs show its progress over the last ten years; showing its trends and predicting its future state of affairs.
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