Jul. 9 – The paramount indicator of a country’s economic status is measured by its GDP. India, the second-most populated country in the world with more than 1.1 billion people, has emerged as one of the fastest growing economies in recent years. It is a republic with a federal structure and well-developed self-governing judiciary with political consensus in reforms and stable democratic environment. With the projected average yearly compounded growth rate of 8.5 percent, India’s GDP is likely to be US$1.4 trillion by 2017 and US$2.8 trillion by 2027. The service sector contributes to 50 percent of India‘s GDP while