Tuesday 21 June 2011

Economy of The Republic of India

Economy of The Republic of India
Indian rupees.png
Modern Indian currency notes
Rank 10th (nominal) / 4th (PPP)
Currency 1 Indian Rupee (INR) (Indian Rupee symbol.svg) = 100 Paise
Fiscal year Calendar year (1 April – 31 March)
Trade organizations WTO, SAFTA, G-20 and others
Statistics
GDP $1.53 trillion (nominal: 10th; 2010)[1]
$4.06 trillion (PPP: 4th; 2010)[1]
GDP growth 8.5% (2010-11)
GDP per capita $1,265 (nominal: 138th; 2010)[1]
$3,339 (PPP: 129th; 2010)[1]
GDP by sector services (55.3%), industry (28.6%), agriculture (16.1%) (2010)
Inflation (CPI) 8.66% (April 2011)[2]
Population
below poverty line
37% (2010)[3]
Gini index 36.8 (List of countries)
Labour force 478 million (2nd; 2010)
Labour force
by occupation
agriculture (52%), industry (14%), services (34%) (2009 est.)
Unemployment 9.4% (2009–10)[4]
Main industries telecommunications, textiles, chemicals, food processing, steel, transportation equipment, cement, mining, petroleum, machinery, information technology, pharmaceuticals
Ease of Doing Business Rank 134th[5] (2011)
External
Exports $247.4 billion (17th; 2010-11) [6]
Export goods petroleum products, precious stones, machinery, iron and steel, chemicals, vehicles, apparel
Main export partners UAE 12.87%, US 12.59%, China 5.59% (2009)
Imports $359.3 billion (11th; 2010-11)[7]
Import goods crude oil, precious stones, machinery, fertilizer, iron and steel, chemicals
Main import partners China 10.94%, US 7.16%, Saudi Arabia 5.36%, UAE 5.18%, Australia 5.02%, Germany 4.86%, Singapore 4.02% (2009)
FDI stock $35.6 billion (2009-10)
Gross external debt $237.1 billion (2010 est.)
Public finances
Public debt $758 billion (2010)[8] 55.9% of GDP
Revenues $170.7 billion (2010 est.)
Expenses $257.4 billion (2010 est.)
Economic aid $2.107 billion (2008)[9]
Credit rating
Foreign reserves $310 billion (May 2011)[12]

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