India 2

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persons and an average of 300 million middle class consumers. Many of the country's fundamentals which includes saving rates (26 percent of GDP) and reserves (now about $24 billion) are healthy. Inflation eased to 7 percent in 1997, and interest rates dropped to between 10 percent and 13 percent. However, the Indian government still needs to restore the early momentum of reform, especially in continuing to reduce the remaining government regulations. Furthermore economic policy changes have not yet significantly increased jobs or reduced the risk that international finance strains redevelop within the next few years. Nearly 40 percent of the Indian population remains too poor to afford an adequate diet. India's exports, currency, and foreign institutional investment were affected by the East Asia crisis in late 1997 and early 1998. Export growth has been decreasing in 1996-97, averaging only about 4 percent to 5 percent, which is a large crop from 20 percent increases it ...

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because meat consumption, according to religious or social scruples is not permitted among the Hindu's. As a result, the breeds of cattle in India are generally inferior (1).
The Republic of India is governed according to the plan of a constitution adopted in 1949, which includes various features of the constitutional systems of Great Britian, the United States, and other Western democracies. By the terms of the Indian organic law the government is federal in its structure and republican in character. Similar to the United States, India is a union of states, but its government is more highly concentrated than the US government, and rights that the states are territories have are ...

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