With the 21st century being hailed as the ‘Asian Age’, the Indian Economy is all set to grow and prosper. The Indian economy encompasses traditional village farming, modern agriculture and handicrafts along with a wide range of modern industries. The Indian economy whose currency is the Indian Rupee (INR) has three prominent sectors - agriculture, industry and services. Its major industries include textiles, chemicals, food processing, steel, transportation equipment, cement, mining, petroleum machinery and software. India exports a variety of products like textile goods, gems and jewellery, engineering goods, chemicals, leather goods etc. to countries like USA, UK, Germany, Japan, Hong Kong, UAE and others. Crude oil, machinery, gems, fertilizer and chemicals are some of its imports from other countries.