India's economy

PARAGRAPH I

ABSTRACT

The article we are commenting on today appeared on the online edition of "The Economist" March, 24th and is called "India's economy". In this article is talking about Indian economy, the third largest economy in the world.

After India got independence from this colonial rule in 1947, the process of rebuilding the economy started. For this various policies and schemes were formulated. First five year plan for the development of Indian economy came into implementation in 1952. These Five Year Plans, started by Indian government, focused on the needs of Indian economy.

If on one hand agriculture received the immediate attention on the other side industrial sector was developed at a fast pace to provide employment opportunities to the growing population and to keep pace with the developments in the world. Since then Indian economy has come a long way.

Any kind of problems who involved the state put some problems for the employees. The increasing population is pressing hard on economic resources as well as job opportunities. Indian government has started various schemes, but these are proving to be a little thing compared to what the country needs.