India claimed 10 of the top 100 places in Times Higher Education's BRICS & Emerging Economies Rankings 2014—the world's first ranking of universities in Brazil, Russia, India, China and South Africa, as well as 17 other emerging economies.
The engineering sector is the largest of the industrial sectors in India. The industry accounts for 27 per cent of the total factories in the industrial sector and represents 63 per cent of the overall foreign collaborations.
The services sector has been a great stimulus to the Indian economy accounting for 56.9 per cent of the gross domestic product (GDP), wherein the financial services segment has been a major contributor. The growth of the financial sector in India at present is nearly 8.5 per cent per year.
India is the world's second largest producer of food and has the potential of being the biggest, backed by its food and agricultural sector. The total food production in India is likely to double in the next 10 years with the country’s domestic food market estimated to reach US$ 258 billion by 2015.
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