The business world is booming with new startups and already established businesses. New inventions and technology updates are changing the game everyday. The latest updates and developments signify a lot about the future.
India has one of the fastest growing service sectors in the world with an annual growth rate above 9%. It has become a major exporter of IT services, Business Process Outsourcing (BPO) services, and software services. This is the fastest-growing part of the economy.
The IT industry continues to be the largest private-sector employer in India. India is the third-largest start-up hub in the world. The agricultural sector is the largest employer in India’s economy but contributes to a declining share of its GD. India ranks second worldwide in farm output. The industry (manufacturing) sector has held a steady share of its economic contribution.