India - Economic Currency:Indian National Rupee (INR) Area Total: 3,287,590 sq. km
Economic Indicators:
INDICATOR |
2012-13 |
2013-14 |
2014-15 |
2015-16 |
GDP (2011-12 prices) in trillion Rs. |
92.3 |
98.4. |
105.5 |
113.5 |
GDP Growth Rate % |
5.6 |
6.6 |
7.2 |
7.6 |
Inflation % |
10.2 |
9.5 |
5.9 |
4.9 |
Gross Domestic Product (GDP) Composition by Sector (FY 2014)
- Services:65 per cent
- Industry:18 per cent
- Agriculture:17 per cent
The Indian economy is expected to grow at 7.5 per cent in FY 2016-17, as per the forecast by the International Monetary Fund (IMF).
More information on the Macro Economic Indicators of India are available on the Economic Survey website at http://indiabudget.nic.in/es2015-16/echapvol2-01.pdf
Trade & Investment:
(All figures in US$ billion)
INDICATOR |
2014-15 |
2015-16 |
India's Total Trade |
758.30 |
642.09 |
India's Total Exports |
310.34 |
262.29 |
India's Total Imports |
447.96 |
381.00 |
INDIA'S TOP 10 EXPORT DESTINATIONS:USA, UAE, Hongkong, China, UK, Singapore, Germany, Saudi Arabia, Bangladesh and Srilanka
INDIA'S TOP 10 IMPORT SOURCES:China, UAE, Saudi Arabia, USA, Korea RP, Switzerland, Indonesia, Germany, Iraq and Japan
More Information on India's foreign trade is available on the website of the Department of Commerce at http://www.commerce.nic.in/eidb/
FDI INVESTMENTS: 2014 (US $ 28.7 billion), 2015 (US $ 39.3 bn), 2016 upto March (US $ 10.55 bn), Total from 2000 till March 2016 is US $ 289.3 bn
Share of Top Investing Countries FDI Equity Inflows:Mauritius (33.24 per cent), Singapore (15.9 per cent), UK (8.01 per cent), Japan (7.27 per cent), USA (6.22 per cent), Netherlands (6.00 per cent) (as in March 2016)
Major Sectors Attracting Highest FDI Equity Inflows:Services Sector (17.60 per cent), Construction Development (8.38 per cent), Computer Software and Hardware (7.28 per cent), Telecommunications (6.37 per cent), Automobile (5.22 per cent), Drugs and Pharmaceuticals (4.80 per cent), Chemical (4.12 per cent), Trading (4.12 per cent) (as in March 2016)
More information on FDI investments is available on the website of Department of Industrial Policy & Promotions at http://dipp.nic.in/English/Publications/SIA_NewsLetter/SIA_NewsLetter.aspx
FOREIGN EXCHANGE RESERVES(as of Sept. 30, 2016): USD 371.9 bn
Composition of GDP:The Indian economy is based overwhelmingly on
services, which account for 59.3% of GDP; industry for 27%; agriculture & allied services 17%.
Financial Year: April 1 - March 31
Main natural resources: Coal, Iron Ore, Bauxite, Manganese and Chromium.
Principal crops: Wheat, Rice, Maize, Sugarcane
Currency: (1 USD =66.72 Rs.; 1 Euro=73.53 Rs) (as on Oct. 14, 2016)
Leading Investing Countries: Mauritius, Singapore, UK, Japan & USA.
STATISTICS FOR TOP 10 IMPORT SOURCES (FY 2015-16) in US $ million
S.No. |
Country |
2015-2016 |
1. |
CHINA P RP |
61,706.83 |
2. |
U S A |
21,781.39 |
3. |
SAUDI ARAB |
20,321.33 |
4. |
U ARAB EMTS |
19,445.68 |
5. |
SWITZERLAND |
19,299.49 |
6. |
INDONESIA |
13,131.93 |
7. |
KOREA RP |
13,047.12 |
8. |
GERMANY |
12,088.37 |
9. |
IRAQ |
10,837.58 |
10. |
NIGERIA |
9,949.17 |
STATISTICS FOR TOP 10 EXPORT DESTINATIONS (FY 2015-16) in US $ million
S.No. |
Country |
2015-2016 |
1. |
U S A |
40,335.82 |
2. |
U ARAB EMTS |
30,290.01 |
3. |
HONG KONG |
12,092.21 |
4. |
CHINA P RP |
9,010.35 |
5. |
U K |
8,828.71 |
6. |
SINGAPORE |
7,719.81 |
7. |
GERMANY |
7,092.89 |
8. |
SAUDI ARAB |
6,394.23 |
9. |
BANGLADESH PR |
6,034.94 |
10. |
SRI LANKA DSR |
5,309.53 |
*****