India officially the Republic of India is a country in South Asia. Currently, the Indian economy is the world's seventh-largest by nominal GDP and third-largest by purchasing power parity. India became one of the fastest-growing major economies, it is considered a newly industrialised country. Major agricultural products include rice, wheat, oilseed, cotton, jute, tea, sugarcane, and potatoes. Major industries include textiles, telecommunications, chemicals, pharmaceuticals, biotechnology, food processing, steel, transport equipment, cement, mining, petroleum, machinery, and software.