What is Economy of India?
[[File:Bombay Stock Exchange 3.jpg|thumb|upright|The [[Bombay Stock Exchange]], in [[Mumbai]], is Asia's oldest and India's [[Market capitalization|largest]] stock exchange.]] The '''[[economy]] of [[India]]''' is the fifth largest in the world with a [[GDP]] (a year's goods and services) of US$3.94 trillion. If considered PPP ([[purchasing power parity]] (how much that money can buy in India compared to other countries), the economy is the third largest (worth US$12.51 trillion). Measured by population it was 125th in the world in 2022.<ref>{{Cite web|title=GDP per capita, current prices|url=https://www.imf.org/external/datamapper/NGDPDPC@WEO/OEMDC/ADVEC/WEOWORLD?year=2022|access-date=2023-03-04|website=International Monetary Fund}}</ref> India's economy includes [[agriculture]], handicrafts, industries, and a lot of services. The [[service sector]] is the main source of economic growth in India today, though two-thirds of Indian people earn their living directly or indirectly through agriculture. In recent times, due to its many well-educated people who can speak [[English language|English]], India became a pioneer in [[information technology]]. For most of India's independent history, it had strict government controls in many areas such as [[telecommunication]]s (communication over long distances), [[banking]] and [[foreign direct investment]]. In 1967 70% of the people earned less than 150 rupees a month.<ref>{{Cite book|title=India- Which Century|url=https://archive.org/details/indiawhichcentur0000davi|last=Stark Murray|first=David|publisher=Victor Gollancz|year=1967|location=London|pages=[https://archive.org/details/indiawhichcentur0000davi/page/53 53]}}</ref> Since the early [[1990s]], India has slowly opened up its markets by reducing government control on foreign trade and [[investment]]. This was started by [[Manmohan Singh]] under the leadership of [[P. V. Narasimha Rao]]. From then, the Indian Economy grew at a rapid pace. The Indian rupee (₹) is the money in India. In 1947 an American dollar was