economy of india

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Economy of India

The Economy of India is the tenth-largest in the world by nominal GDP and the third-largest by purch

India s infrastructure and transport sector contributes about 5 Percent of its GDP. India has the world s second largest road network in quantitative terms, covering more than 4.3 million kilometers. Qualitatively, India s roads are a mix of modern highways and narrow, unpaved roads. India also has the lowest kilometer lane road density per 100,000 people among G 27 countries leading to traffic congestion. It is upgrading its infrastructure. As of May 2014, India had completed and placed in use over 22,600 kilometres of recently built 4 or 6 lane highways connecting most of its major manufacturing, commercial and cultural centers. India s road infrastructure carries 60 Percent of freight and 87 Percent of passenger traffic.

Indian Railways is the fourth largest rail network in the world, with a track length of 114,500 kilometers and 7,172 stations. This government owned and operated railway network carried an average of 23 million passengers a day, and over a billion tonnes of freight a year. India has a coastline of 7,500 kilometers with 13 major ports and 60 operational non major ports, which together handle 95 Percent of the country

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Sunil Bharti Mittal