Economic Fact Sheet India-Germany Relations

Economic Fact Sheet

Economic Fact Sheet

India - Economic
Currency: Indian National Rupee (INR)
Area Total: 3.3 Million sq. km

Economic Indicators:

INDICATOR

2017-18

2018-19

2019-20

 

 

2020-21

GDP in trillion Rs.

(at current market prices)

171.0

189.7

203.4

194.8

GDP Growth Rate %

7.0

6.1

4.2

-7.7

Inflation %

3.6

3.4

4.8

6.6

Gross Domestic Product (GDP) Composition by Sector (FY 2020-21 estimate)

  • Manufacturing & Construction: 21.59%
  • Financing, Insurance, Real Estate & Other Business Services: 22.05 %
  • Trade, Transport, Hotels and Communication: 16.42%
  • Agriculture, Forestry & Fishing:20.09%
  • Community, Social &Other Services: 19.85%

The Indian economy is expected to grow at 11.5 per cent in FY 2021-22, as per the forecast by the International Monetary Fund (IMF).

More information on the Macro Economic Indicators of India is available on the Economic Survey website at https://www.indiabudget.gov.in/economicsurvey

Trade & Investment:

(All figures in US$ billion)

INDICATOR

2018-19

2019-20

2020-21

 

India's Total Trade

844.15

788.07

686.24

India's Total Exports

330.07

313.36

291.81

India's Total Imports

514.08

474.71

394.43

India’s top 10 export destination 2020-21: USA, China, UAE,  Hong Kong, Bangladesh, Singapore, UK, Germany, Nepal, Netherlands

India’s top 10 import sources 2020-21: China, USA, UAE, Switzerland, Saudi Arabia, Hong Kong, Iraq, Germany, Singapore, Korea RP

 

Statistics for top 10 import sources: FY 2020-21 in US $ million

S.No.

Country

2020-21

1

China

65,212.25

2

USA

28,888.10

3

UAE

26,622.99

4

Switzerland

18,230.95

5

Saudi Arabia

16,186.76

6

Hong Kong

15,172.82

7

Iraq

14,287.10

8

Germany

13,643.02

9

Singapore

13,304.92

10

Korea RP

12,772.97

Statistics for top 10 export destination: FY 2020-21 in US $ million

S.No.

Country

2020-21

1

USA

51,623.14

2

China

21,1187.15

3

UAE

16,679.54

4

Hong Kong

10162.40

5

Bangladesh

9691.56

6

Singapore

8675.50

7

UK

8157.56

8

Germany

8124.93

9

Nepal

6838.46

10

Netherlands

6472.82

 

More Information on India's foreign trade is available on the website of the Department of Commerce at https://tradestat.commerce.gov.in/eidb/default.asp

FDI Investments:

(All figures in US$ billion)

FY

2018-19

2019-20

2020-21

Total FDI

44.36

49.97

59.64

Cumulative Total from April 2000 till March 2021: US $ 529.75 bn.

Share of Top Investing Countries in total FDI Equity Inflows: Mauritius (28%), Singapore (22%), USA (8 %), Netherlands (7%), Japan (7%), UK (6%), Germany (2%), UAE (2%), Cyprus (2%) (as ofOctober 2021)

Major Sectors Attracting Highest FDI Equity Inflows: Services Sector (16%), Computer Software and Hardware (13%), Telecommunications (7%), Trading (6%), Construction Development (5%), Automobile Industry (5%), Construction Infrastructure (5%), Chemicals (3%), Drugs and Pharmaceuticals (3%), Hotel & Tourism (3%) (As of October 2021)

Leading Investing Countries: Mauritius, Singapore, USA, Japan, Netherlands, UK

More information on FDI investments is available on the website of Department of Industrial Policy & Promotions at https://dpiit.gov.in/publications/fdi-statistics

Foreign Exchange Reserves (2020-21): USD 608.99 bn. (as on 25 June 2021)

Financial Year: April 1 – March 31

Main mineral resources: Iron ore, Zinc, Chromite, Bauxite, Manganese ore, Limestone
Principal crops: Sugarcane, Wheat, Rice, Maize, Cotton

Currency: (1 USD =75.05 Rs; 1 Euro=87.50 Rs) (as on 19 October, 2021)


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