Economy of India


The Grand Trunk Road, which covers a distance of 2,500 km today, says Wikipedia, is one of South Asia’s oldest and longest major roads. For several centuries, it has linked the eastern and western regions of the Indian subcontinent, running from Bengal, across north India, into Peshawar in Pakistan. The road also passes through the only road boarder between the two most powerful South Asian nations, Wagah. Wagah border point, often called the “Berlin wall of Asia”, is a ceremonial border where each evening there is a retreat ceremony called ‘lowering of the flags’. At that time there is an energetic parade by the Border Security Force (BSF) of India and the Pakistan Rangers soldiers.
An excerpt from a trade newsletter published by the Govt of India: According to the National Association of Software and Service Companies (NASSCOM), the apex body for software services in India, the revenue of the information technology sector has risen from 1.2 per cent of the gross domestic product (GDP) in FY 1997-98 to an estimated 5.8 per cent in FY 2008-09. Further, the industry body expects the sector to grow between 4 per cent and 7 per cent during 2009-10 and return to over 10 per cent growth next year. India’s IT growth in the world is primarily dominated by IT software and services such as Custom Application Development and Maintenance (CADM), System Integration, IT Consulting, Application Management, Software testing, and Web services.