In its early days, the Indian economy faced many problems due to a system that was very socialist. Regulations and restrictions hurt many businesses and the market didn’t see the growth it was really capable of. Things have changed since those days though and now India is experiencing rapid growth, which many experts expect can turn into a new prosperous age for the country. Currently, India is pretty capitalist and the markets are a lot more free than they used to be. This has led to a boom in virtually every sector as the country is finally starting to break the barrier of being behind.

Agriculture accounts for most of the employment in India, with approximately 60% of workers having jobs in farming and such. The service sector comes in second at 28% and the industrial sector is third with 12% of the active workforce under it. The total labor market in India consists of about a half a billion people.

The total GDP output of the agriculture market accounts for about 28% of the total GDP whereas industry and service makes up 18% and 54% respectively. The country’s total GDP (PPP) for 2008 was estimated to be $3.305 trillion, which is $2,600 per capita.