India is the seventh largest country by area, the second-most populous country with a population of over 1,241,491,960 people. India is surrounded by three-water bodies namely Indian Ocean on the south, the Arabian Sea on the west, and the Bay of Bengal on the east. India shares its border with 7 countries namely Pakistan, China, Nepal, Bhutan Afghanistan, Burma and Bangladesh. India is a democratic country and is governed under a parliamentary system consisting of 28 states and 7 union territories.
The Indian economy is the world's tenth largest by nominal GDP. Indian economy continues to grow at a good pace and holds a strong position on the global map. The country’s gross domestic product (GDP) has been growing at an average rate of 7.64 per cent for the last five years. It is today one of the most attractive destinations for business and investment opportunities with the available large manpower base, diversified natural resources and strong macroeconomic fundamentals. In FY 2011-12, the country attracted foreign direct investment (FDI) of around US$ 46.8 billion in various sectors.
Indian Economy based on Quarterly GDP in the past 5 Years: -
FY 2008 FY 2009 FY 2010 FY 2011 FY 2012
Q1 9.2 % 7.8% 6.0% 8.5% 8.0%
Q2 9.3% 7.5% 8.6% 7.6% 6.7%
Q3 8.8% 6.1% 6.5% 8.2% 6.1%
Q4 8.8% 5.8% 8.5% 9.2% 5.5%
Indian Economy based on construction:
Indian construction industry forms a large chunk of the Indian economy which has experienced a healthy growth in the past few years and is expected to be one of the fastest growing economies in the coming years. The real estate sector is the third largest sectors of growth with respect to its overall effects on the Indian economy. As per the Indo-Italian Chamber of Commerce and Industry report, the construction industry has contributed an estimated 3,84,282 Crore to the national GDP in 2010-11 (a share of around 8%).
Presently, the real estate and construction sector in