India

With an average annual GDP growth rate of 5.8% for the past two decades, the economy is among the fastest growing in the world. It has the world’s second largest labour force, with 516.3 million people. In terms of output, the agricultural sector accounts for 28% of GDP; the service and industrial sectors make up 54% and 18% respectively. Major agricultural products include rice, wheat, oilseed, cotton, jute, tea, sugarcane, potatoes; cattle, water buffalo, sheep, goats, poultry; fish. Major industries include textiles, chemicals, food processing, steel, transport equipment, cement, mining, petroleum, machinery, software. India’s trade has reached a relatively moderate share 24% of GDP in 2006, up from 6% in 1985. India’s share of world trade has reached 1%. Major exports include petroleum products, textile goods, gems and jewelry, software, engineering goods, chemicals, leather manufactures. Major imports include crude oil, machinery, gems, fertilizer, chemicals.

Demographic Data

Economic Data

Cultural & Other Data

GDP (PPP, $bn)

3267

Capital

New Delhi

Area (sq. km.)

3,287,590

GDP Real

Growth (%)

6.6

Other Large Cities

Mumbai, Kolkata, Bangalore, Chennai

Population (million)

1166

PerCap GDP ($)

2800

Primary Language

Hindi

Population

Growth %

1.548

Prime Lending

Rate (%)

8.5

Urban

Population %

29

% Population

Under 15yrs

31.1

Inflation Rate%

7.8

Urban Growth %

2.4

Population below

poverty line (%)

25

Unemployment%

6.8

Literacy

(% of population)

61

Agricultural Workers

(% of population)

60

Foreign Direct

Investment($bn)

142.9

Education spending

as % of GDP

3.2

Industrial Workers

(% of population)

12

Debt-External

($bn)

163.8

CPI Score

(1-10)*

3.4

Service Workers

(% of population)

28

Exports ($bn)

175.7

Corporate Income Tax %

30-40

Labor Force (mil)

523.5

Imports ($bn)

287.5

Ease of Doing

Business Ranking **

122

CURRENCY EXCHANGE RATE

05/14/09 $1 = 49.7 INR

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