Infrastructural development in India is oftentimes found to be fraught with flaws, crudity or lack of outstanding features and high standards. It is most certainly not on account of shortage of funds, workforce or the wherewithal. This has been despite the tremendous cutting edge technology and engineering skills and other resources available in the country in plenty.
The age of colonialism is long over. The void created by the setting of the sun on colonialism has been filled by the dawn of the era of strategic, economic and cultural hegemony over smaller and less developed countries by bigger and more developed powers.
Currently, India's share in global agricultural output stands at 7.68 per cent, and it is easy to fathom the pivotal role this sector plays in the country. India has always been an agrarian economy, with the agriculture sector contributing nearly 17.9 per cent to its gross domestic product, as per the Planning Commission statistics of 2014.
The currency of a country is as individualistic and unique a symbol of its economy as its national flag, which marks its independence and sovereignty. On account of the fact that different countries have their own geopolitical, religious and demographic background, the contours and nuances of their economy are likely to vary from one another, depending upon the needs, requirements, priorities and preferences of the government and people of those countries.