Economy of India: An Overview
India with a GDP of around USD 3 trillion (on a purchasing power parity (PPP) basis) (Source: IMF) is the world’s fourth largest economy. India has a per capita income is around USD 2563 on a PPP basis (Source: IMF). India started with its liberalization program in 1990 and is fast moving towards becoming an economic powerhouse. It is also called an emerging market economy.
India with a GDP of around USD 3 trillion (on a purchasing power parity (PPP) basis) (Source: IMF) is the world’s fourth largest economy. India has a per capita income is around USD 2563 on a PPP basis (Source: IMF). India started with its liberalization program in 1990 and is fast moving towards becoming an economic powerhouse. It is also called an emerging market economy.
India has a total area of 3.2 million sq km with a coastline of more than 7,000 km. Its arable land constitutes around 48% of its total land. India is amongst the largest countries in South Asia by land area.
Agriculture constitutes over 17%, manufacturing around 29 % and services 52 % of the economy. About 60 percent of people in India are employed in the agriculture sector.
India's has the world’s fourth largest reserves of Coal in the world. Its major mineral resources are Iron ore, Manganese and Mica. India’s major oil production comes from Bombay High, an offshore oil basin off the coast of Bombay
Agriculture constitutes over 17%, manufacturing around 29 % and services 52 % of the economy. About 60 percent of people in India are employed in the agriculture sector.
India's has the world’s fourth largest reserves of Coal in the world. Its major mineral resources are Iron ore, Manganese and Mica. India’s major oil production comes from Bombay High, an offshore oil basin off the coast of Bombay
India has a population of more than 1.14 billion. Its population growth rate is around 1.5%. India has a life expectancy rate of around 69 years. Its literacy rates stand at around 61% (Source: CIA Fact book). About 25% of the India’s population is below the poverty line (Source: CIA Fact book).
The biggest export partners are US, China, and UAE. India is a member of WTO. Mauritius, United States, United Kingdom, Netherlands and Singapore are the largest sources of FDI in India.
India’s stock exchange, the Bombay Stock Exchange is Asia’s oldest stock exchange. The other stock exchange of India is the National Stock exchange.
The currency of India is the Indian Rupee (INR).
India’s total electricity production is around 660 billion kWh.
India has over 80 million Internet users.
No comments:
Post a Comment