Financial institutions

India has set up special economic zones and software parks that offer tax advantages and better infrastructure to set up business. Here is the headquarters of Infosys in Bangalore, one of the largest software companies in India. India stemming from several institutions, such as the civil service, Reserve Bank of India, railways, etc., from its leaders British officials. Mumbai is the commercial capital of the country, with the Reserve Bank of India (RBI), the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE), located here. The headquarters of many financial institutions are also located in the city. The RBI, the country's central bank was established on 1 April 1935. It serves as the nation monetary authority, regulator and supervisor of the financial system, manager of foreign exchange controls, and as an issuer of currency. The RBI is governed by a board of directors headed by a governor who is appointed by the central government of India.

BSE or BSE Sensitive Index Sensex index is a weighted value composed of 30 companies in April 1979 as the base year (100). These companies have the largest and most active and most representative of the various sectors on the Exchange. They represent about one fifth of the market capitalization of BSE. The Sensex is widely regarded as the most popular and accurate barometer of the Indian stock markets. Incorporated in 1992, the National Stock Exchange is one of the largest and most advanced stock markets in India. The NSE is the third largest stock market in terms of transactions. There is a total of 23 scholarships of India, but BSE and NSE comprise 83% of the volumes. The Securities and Exchange Board of India (SEBI), established in 1992, regulates stock markets and other securities markets, the country.

Sectors

Agriculture

Composition of India, the total production (million tons) of food grains and cash crops,in 2003-04.India ranks second in global agricultural production. Agriculture and related industries, such as forestry, logging and fishing accounted for 18.6% of GDP in 2005, employs 60% of the total workforce, and despite a decline in its share in the GDP is still the largest economic sector and plays an important role in the overall socio-economic development of India. The yield per unit area of all crops have increased since 1950, because of the focus on agriculture in the five-year plans and improvements in irrigation, technology, application of modern agricultural techniques and the provision of agricultural credit and subsidies, since the green revolution in India. However, international comparisons show that the average yield in India is usually 30% to 50% of the average yield the highest in the world.

The low productivity of India is the result of the following factors:

Illiteracy, general socio-economic delay, the slow progress in the implementation of agrarian reform and the inadequacy or ineffectiveness of finance and marketing services for farm produce.

• The average farm size is very small (less than 20000 square metres) and is subject to fragmentation, as a result of acts of ceiling to land and, in some cases, family disputes. These small farms are often too narrow, resulting in disguised unemployment and low productivity of the workforce.

• The adoption of modern agricultural practices and the use of technology is not enough, hampered by the ignorance of these practices, high costs and unrealistic in the case of small farms.

• Irrigation facilities are inadequate, as revealed by the fact that only 53.6% of the land is irrigated in 2000-01, which resulted in farmers continue to be dependent on rainfall, especially in the monsoon season.

• A good monsoon has resulted in robust growth of the economy as a whole, while a bad monsoon leads to low growth. Credit Agricole is regulated by NABARD, which is the apex statutory agent for rural development in the subcontinent.