India
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"…At the stroke of the midnight hour, when the world sleeps, India will wake to life and freedom…". Pandit Nehru, Independent India's first Prime Minister spoke thus on August 14, 1947. Seventy-two years later, India has surpassed China to become the world's fastest growing economy. Since the 1991 economic reforms, the country has achieved 6-7% annual GDP growth, largely by virtue of the free-market reforms introduced by the then P.V. Narasimha Rao government. A developing market economy, India has most of its workforce employed in the industrial and agricultural sector. The service sector is the fastest growing (accounting for 55.6% of GDP). Economic growth suffered a slowdown in 2011 which was mainly due to investor scepticism, high inflation and high interest rates. With the coming of parliamentary elections in 2014, investors started showing more confidence which resulted in improved foreign direct Investment and a strengthening of the rupee. In 2017, the economy suffered another jolt due to the shock announcement of demonetisation a year earlier and the introduction of GST (the goods and service tax). There are several factors that are impeding further growth. According to the 2018 Corruption Perception Index (CPI), India ranks 78 (versus Denmark at number one). The literacy rate is also lower than the world average with huge economic disparities between states. India is a country with a predominantly young population, which in economic terms translates to high savings, low dependency ratio and healthy investment rates.
Its population in 2018 was 1,354,051,854 [
In 2015, 36.02% of its total energy 
In 2021, its GDP grew by 8.95% [
In 2021 it had a negative Current 
Its Expenditure on R&D (as a percentage of 
A Big Mac will set you back the
