Indian economy an overview

Indian economy Rank 11th in terms of nominal GDP and 4th in terms of PPP(purchasing power parity)

Currency 1 Indan Rupee (INR) (₨) = 100 Paise



Fiscal year 1 April — 31 March

Trade organizations WTO, SAFTA, G-20 and others

Statistics
GDP $1.236 trillion (2009) (nominalrank; 11th) $3.526 trillion (2009)[1] (PPP rank; 4th)

GDP growth 7.4% (2009/2010)

GDP per capita $1,030 (2009) (nominal rank; 139th) $2,940 (2009)[1] (PPP rank; 128th)

GDP by sector agriculture (17.5%), industry (20%), services (62.5%) (2009 est.)

Inflation (CPI) 10.16% (May. 2010)

Food inflation (16.87%) (Apr. 2010)

Population 1024 million (2001)

below poverty line 27%

Labour force 467 million

Labour force
by occupation agriculture (52%), industry (18%), services (30%)

Main industries telecommunications, textiles, chemicals, food processing, steel, transportation equipment, cement, mining, petroleum, machinery, information technology

External
Exports $155 billion f.o.b (2009)

Export goods software, petroleum products, textile goods, gems and jewelry, engineering goods, chemicals, leather manufactures

Main export partners US 12.3%, UAE 9.4%, China 9.3% (2008)

Imports $232.3 billion f.o.b (2009)

Import goods crude oil, machinery, gems, fertilizer, chemicals

Main import partners China 11.1%, Saudi Arabia 7.5%, US 6.6%, UAE 5.1%, Iran 4.2%, Singapore 4.2%, Germany 4.2% (2008)

FDI stock $156.30 billion (31 December 2009)

Gross external debt $232.5 billion (31 December 2009)

Foreign reserves $287.37 billion (end-Dec 2009)