Economy of India

The Economy of India is the eleventh largest in the world by nominal GDPand the fourth largest by purchasing power parity (PPP).The country's per capita GDP (PPP) is $3,290 (IMF, 127th) in 2010.Following strong economic reforms from the post-independence socialist economy, the country's economic growth progressed at a rapid pace, as free market principles were initiated in 1991 for international competition and foreign investment.