Economy summary: India's economy consists of traditional village farming, modern agriculture, handicrafts, a wide range of modern industries, and a huge number of support services. Government controls have been reduced on foreign trade and investment. The economy growth rate is 6% since 1990; poverty has been reduced to a large extent. India is in the process of being a major exporter of software services and software workers. Despite its strong growth, India is the largest individual borrower of the World Bank.