Indian Economy At a Glance [Infographic]

Our globalized world is shaped by an increasingly complex economic system. As a result, it has become more and more important for people to know what is going on around them. Unfortunately, finding and processing the relevant information to do just that has become more difficult as well, due to the increased complexity and information overload. In reaction to this issue, we have been working on a series of infographics that illustrate the most important facts and figures about the economies of various countries all over the world. 

This infographic shows the Indian economy at a glance. India has a productive economy with high growth rates. It is developing into an open-market economy, yet traces of its past autarkic policies still remain. In 2014, slightly less than half of India’s workforce (49%) was in agriculture. Nevertheless, services were the major source of economic growth, accounting for nearly two-thirds of India’s output with less than one-third of its labor force (31%). Meanwhile, the industrial sector employed the remaining 20% of India’s labor force. Despite the fact that it is counted among the most important emerging economies of the world today, employment conditions in the country still remain poor. Take a look: