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INDIA – ECONOMIC INDICATORS

 

GDP (at current prices) in 2008: US$ 1.2 trillion (2009 estimate: US$ 1.24 trillion)

 

GDP Per Capita (at current prices) in 2008: US$ 1017

 

GDP by PPP in 2008: US$ 3.29 trillion (2009 estimate: US$ 3.52 trillion)

 

GDP Per Capita (by PPP) in 2008: US$ 2779

 

GDP Growth Rate in Fiscal Year 2007-08: 8.7%

 

GDP Growth Rate in Fiscal Year 2008-09: 6.7%

 

Expected GDP Growth Rate in Fiscal Year 2009-10: 7%

 

GDP composition by sector (in 2008):

Services 56%, Agriculture 18.5% and Industry 22%   

 

Foreign Exchange Reserves (as of Nov 6, 2009): US$ 285.4 billion

 

Exchange Rate (as of Dec 2009):US$ 1 =  46.6 Rs. ; NIS 1 = 12.3 Rs.

 

Population below poverty line: 25% (2007 estimate)

 

Labour force: 467 million (2009 estimate)

 

Unemployment rate: 6.8% (2008 estimate)

 

India’s Exports in FY 2008-09: US$ 168.7 billion

 

India’s Exports April-November 2009: US$ 104.2 billion (-22.3%)

 

India’s Imports in FY 2008-09: US$ 287.7 billion

 

India’s Imports in April-November 2009: US$ 170.4 billion (-27.3%)

 

Gross External Debt: US$ 242.8 billion (as of end Sep 2009)

 

Foreign Direct Investment in FY 2008-09: US$ 35.16 billion

 

Cumulative FDI Inflows (from Aug 1991 – Nov 2009): US$ 167.33 billion

 

 

Top Sectors attracting highest FDI inflows (From April 2000 – Aug 2009):

 

Services Sector (US$ 21.7 billion), Computer Software & Hardware (US$ 9.3 billion), Telecommunications (US$ 8.1 billion), Housing and Real Estate (US$ 7.3 billion), Construction Activities (US$ 6.1 billion), Automobile Industry (US$ 4.2 billion), Power (US $ 4 billion), Metallurgical Industries (US$ 2.9 billion), Petroleum & Natural Gas (US$ 2.6 billion), Chemicals other than Fertilizers (US$ 2.3 billion).

 

Top Investing Countries (From April 2000 – Aug 2009):

 

Mauritius (US$ 43.1 billion), Singapore (US$ 8.6 billion), U.S.A (US$ 7.4 billion), U.K. (US$ 5.5billion), Netherlands (US$ 4 billion), Japan (US$ 3.3 billion), Cyprus (US$ 2.9 billion), Germany (US$ 2.5 billion), France (US$ 1.4 billion), U.A.E (US$ 1.1 billion).

 

Natural resources:

 

Coal, iron ore, manganese ore, bauxite, petroleum, titanium ore, natural gas, limestone, kaolin, dolomite, magnesite, apatite, phosphorite, fluorite, mica, gypsum, barytes, and steatite.

 

Major commodities for Export:

 

Mineral fuels & Oils (e.g. coal), diamonds and other precious and semi precious stones, ores, precious metals, chemicals, cotton, machinery and mechanical appliances, iron and steel, apparel and clothing accessories, electrical machinery and equipment.

 

Major Commodities for Import:

 

Mineral  fuels & oils (e.g. petroleum), diamonds and other precious and semi precious stones, precious metals, chemicals, fertilizers, ores, iron & steel, electrical machinery and equipment, aircrafts (including parts of aircrafts), machinery and mechanical appliances, ships, boats and other floating structure.

 

Sources: International Monetary Fund, Investment Commission of India, Invest India, IBEF, Department of Commerce, Department of Industrial Policy & Promotion, Planning commission, Government of India; Ministry of Finance, Government of India

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