One of Asia’s economic powerhouses, India is the twelfth largest economy in the world and recorded a GDP growth of 9% in 2007. Commanding over 60% share of the world’s offshore outsourcing component, India is an important 'back office' destination for global outsourcing of customer services and technical support. India is also a major exporter of highly-skilled workers in software and financial services. Other industries showing high growth potential include manufacturing, pharmaceuticals, biotechnology, nanotechnology, telecommunication, shipbuilding, aviation, tourism and retail.
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