Indian Economy

Photo Courtesy: Renjith Krishnan 

(GD Topic)

Indian Economy is one of the fastest growing economies in the world. According to 2011 statistics, the country stands at the ninth position in the world as per GDP value which indicates rising standard of living. Also, the country holds third position in terms of Purchasing Power Parity (PPP). PPP helps in calculating foreign exchange rate that is in simple words through this purchasing power of a country is measured.

India is a member of BRICS, which is an international political organization that includes top emerging economies. The member countries are Brazil, Russia, India, China and South Africa. Also, the country has a confident position in the group of 20 Finance Ministers and Central Bank Governors i.e. G-20.

Agriculture Sector

Country holds second position in agricultural production including forestry, fishing and animal husbandry. States like Uttar Pradesh, Punjab, Haryana, West Bengal, Bihar, Madhya Pradesh, Andhra Pradesh and Maharashtra contributes the most to the economy through agricultural outputs.

Industrial Sector

With the economic reforms of 1991, Indian industries have witnessed a lot of progression in the field. With the relief on import export policies, privatization, enhanced infrastructure of the country, technological advancement and foreign competition the Indian native industries are doing well, which has resulted in economic progression of the country.

Photo Courtesy: Renjith Krishnan 

Banking  Sector

Reserve Bank of India as a central bank of the country and controls the monetary policy of the currency and manages the funds of central and state government. Besides this Nationalized Banks, State Bank of India, Old Private Sector Banks, New Private Sector Banks and Foreign Banks consist of the banking sector and with the introduction of online banking the sector has witnessed uplift in the domain.  

Energy and Power Sector 

India is fourth major consumer of oil in the world and the oil reserves of India are capable of congregating one quarter fuel demand of the nation, rest is imported from other countries. The gas fields in India are mainly positioned in the states of Assam, Gujarat and Rajasthan.


As per 2010 statistics, power generation capacity of India has touched 164,835 megawatts where thermal power plants have contributed to 64.6% and hydro power plants have contributed 24.7%. With its big coal reserves nearly 106 billion households demand is fulfilled.

Basic Qualities an Individual Must Possess

Good Intellect:  An intelligent person will always receive appreciation from the recruiters. Awareness about your subject, field and the present happenings of the world is the need of an hour. Intelligent person is not the one who has theoretical knowledge of his or her subject but the candidate should have an ability to imply it in actual life.

Keenness to Learn: We all are well aware of the fact that learning is a continuous procedure and has no end.  The one who is zealous about learning more will go afar. Your enthusiasm for learning new things and cognitive ability will help you in every face of life as it would enhance and polish your skills and will ensure a hold in this adept world.

Dedication to Work: Your level of dedication towards work will help you in comprehending your work and the expectations of your employers. Dedication is an important aspect which would prove futile throughout your life. Dedication towards something makes it more interesting and one starts enjoying the work.

Motivational Attitude: Motivation is must for each and every employee, it helps you grow. Motivating your team and fellow beings will give you an edge over others. As working with a motivational spirit will fetch you immense appreciation and assistance.

Good Communication Skills: Communication is an important facet and each employee is expected to possess good communication skills. An employee needs to be interactive so that he or she can pass on the correct information and views to the hierarchy and clients. Also ability to influence others is a basic requirement to help the company grow. A person with good communication skills is considered a confidant individual.

Leadership Qualities: Your leadership qualities would signify your relationship with your fellow-employees. Good leadership qualities will ensure correct decisions, motivational attitude and progress of the organization.

Problem Solver: Ability to solve the problems will fetch you experience for yourself and appreciation of others. Remember a wise step will boost up your confidence and others confidence in you.

Resolution to Work Hard: Be resolute when it comes to hard work as we are well aware of the fact that hard work always pays. Always remember that success evolves with hard work.

Innovative, Creative and Self-sufficient:  Innovative and creative minds will always rule the world. Change is an important aspect of nature, leaving the path of traditional approach will help you gain confidence and your innovativeness and creativity will help you reach greater heights. Also, self- sufficiency will heighten your poise and your individuality will win over the minds.

Ability to Fit in the Work Environment: Adaptableness to the work and condition will help you grow as an individual. Remember a flexible approach will help you throughout your life. Change is the attribute of nature and being able to adapt yourself according to the place and situation will help you develop into a wise and efficient person.

Facing an Interview

To survive in this adroit world each one of us requires mindfulness regarding the ongoing events in the nation as well as across the globe. Keeping in mind a student’s perspective or someone who is preparing to enter an organization, a fully fledged knowledge of recent happenings in the past is mandatory. Knowledge of current affairs play a key role in everyone’s life as one will not feel left out during a discussion about ongoing topics and also the ones appearing for GD’s and personal interview will have an upper hand compared to ignorant ones.

For updating your knowledge, reading newspapers and watching news is a requisite. These two vital source of information keeps one updated about every single incident happening in the world. Besides this, the other source is Internet which has become the most popular mode among youngsters and radio is indeed another one.  Reading magazines can be a help too, especially the ones like India Today, Outlook, Forbes and other business magazines.

Current affairs include all the fields like politics, economics, science and technology, sports, scams and scandals, awards and honors, entertainment and anything that is a huge news.

In addition to awareness about current affairs, thorough knowledge of one’s subject is essential too. One should be well- versed with the particulars of his or her qualification which may include graduation or post graduation subjects, on the basis of which you are seeking a job. Nobody is going to ask detailed answers but a few simple questions just to check the awareness level in the field can be asked.

Another significant aspect is the knowledge of  field one is willing to work in. Before appearing for an interview an outline of the tasks covered and other opportunities available in that field is required. For this, meet-up and hunt for people already working in the field. Some knowledge about all this will make an impression on your employer. It is not necessary that one should be aware of each and every technicality but at least an idea about the basics will prove out beneficial.

Last very essential thing is one’s familiarity with the organization. Before appearing for an interview be acquainted with the organization’s  location, history and record, the post you will be applying for and the products and services offered by the organization.

All these points are crucial before appearing for an interview. Well-prepared person has always been a first choice of the employer. Ensure your employer that losing you can make him lose a good opportunity.

Photo Courtesy: Digitalart

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