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Did you know that India has one of the most active investment climates on earth? It's true and given the highly volatile nature of the Indian stock market, live stock market quotes are an essential tool in any investor's backpack.
Live stock quotes for major Indian stock markets such as the Bombay Stock Exchange are available from numerous online sources including quitymaster.com , Yahoo Finance India, and Reuters India.
One of the reasons for all the action in the Indian stock market is the size and diversity of the country's economy. Using the U.S. dollar as an exchange rate, India's economy is the twelfth largest in the world and growing rapidly.
The economy of India is divided into a vast number of substantial sectors including manufacturing, textiles, agriculture, handicrafts, ship building, pharmaceuticals, aviation, biotechnology, tourism, nanotechnology, retailing, telecommunications. and, of course, its world famous service industry. Agriculture is also a major factor in the Indian economy, with more than 66 percent of the people earning their livelihood working the fields and farms.
It is the Indian service sector, however, that is best known to the rest of the world, particularly to the countries in the English-speaking world. Because of the fact that generations of native Indians were brought up and educated to speak English under British rule, India has developed into a beehive of outsourcing activity for thousands of offshore countries doing business in the U.S. and Britain. Everyone from computer makers, application providers, appliance companies, cell phone companies, consumer electronics makers and car companies use Indian-based call centers to handle their service and support inquiries.
Indians also have a lot of purchasing power, some of which inevitably winds up being invested in the stock market. In 2008, for example, the total purchasing power of India's citizens was 1.5 trillion U.S. Dollars.
Though India is a democracy established on the British, rather than the American, model, the economy is largely under the control of the central government, and there remains a great income disparity between the wealthy classes and the poor ones and the educated members of society and the undereducated. |