Since the early 1990’s India has been developing into an open-market economy “economic liberalization, including industrial deregulation, privatization of the state-owned enterprises, and reduced controls on foreign trade and investment, began in the early 1990’s and has served to accelerate the country’s growth, which has averaged more than 7% per year since 1997” (U.S. CIA, 2011). India’s economy is mainly comprised of village farming, agriculture, and modern industries such as computer technology and embedded software technology. With more than half
Since the early 1990’s India has been developing into an open-market economy “economic liberalization, including industrial deregulation, privatization of the state-owned enterprises, and reduced controls on foreign trade and investment, began in the early 1990’s and has served to accelerate the country’s growth, which has averaged more than 7% per year since 1997” (U.S. CIA, 2011). India’s economy is mainly comprised of village farming, agriculture, and modern industries such as computer technology and embedded software technology. With more than half