India's economy contains traditional village farming, modern agriculture, handicrafts, a wide range of modern industries and a multitude of support services. Currently India is capitalizing on its large numbers of well-educated people skilled in the English language to become a major exporter of software services and software workers.
The economy has shown an excellent average growth rate of 6% since 1990, reducing poverty by about 10 percentage points. Despite strong growth, the World Bank and others worry about the continuing public-sector budget deficit, running at approximately 10% of GDP. |
| GDP |
|
| Purchasing power parity |
$5.022 trillion |
| Real growth rate |
9.6% |
| Per capita (Purchasing power parity) |
$3,900 |
| |
|
| GDP (Composition by sector) |
|
| Agriculture |
23.6% |
| Industry |
28.4% |
| Services |
48% |
| |
|
| Population below poverty line |
25% |
| |
|
| Household income or consumption - By Share |
| Lowest |
10% : 3.5% |
| Highest |
10%: 33.5% |
| |
|
| Distribution of family income (Gini index) |
37.8 (2006) |
| |
|
| Inflation rate (consumer prices) |
4.6% |
| |
|
| Labor force |
406 million |
| |
|
| Labor force - By Occupation |
| Agriculture |
60% |
| Services |
23% |
| Industry |
17% |
| |
|
| Unemployment rate |
9.1% |
| |
|
| Budget |
|
| Revenues |
$48.3 billion |
| Expenditures |
$78.2 billion, including capital expenditures |
| |
|
| Industries |
Textiles, Chemicals, Food Processing, Steel, Transportation Equipment,
Cement, Mining, Petroleum, Machinery, Software |
| Industrial production growth rate |
6% |
| |
|
| Electricity |
|
| Production |
533.3 billion kWh |
| |
|
| Electricity - Production by source |
|
| Fossil Fuel |
81.7% |
| Hydro |
14.5% |
| Nuclear |
3.4% |
| Other Sources |
0.3% |
| |
|
| Electricity Usage Distribution |
|
| Consumption |
497.2 billion kWh |
| Exports |
321 million kWh |
| Imports |
1.54 billion kWh |
| |
|
| Oil |
|
| Production |
732,400 bbl/day |
| Consumption |
2.13 million bbl/day |
| Proved reserves |
4.33 billion bbl |
| |
|
| Natural gas |
|
| Production |
22.75 billion cu m |
| Consumption |
22.75 billion cu m |
| Exports |
0
cu m |
| Imports |
542.4 billion cu m |
| |
|
| Agriculture |
|
| Products |
Rice, Wheat, Oilseed, Cotton, Jute, Tea, Sugarcane, Potatoes, Cattle,
Water Buffalo, Sheep, Goats, Poultry, Fish |
| |
|
| Exports |
|
| Total exports |
$57.24 billion f.o.b. |
| Commodities |
Textile Goods, Gems and Jewelry, Engineering Goods, Chemicals, Leather
Manufactures |
| Partners |
US
22.4%, UK 5.1%, Hong Kong 4.5%, Germany 4.3%, China 4.1% |
| |
|
| Imports |
|
| Total imports |
$74.15 billion f.o.b. (2003 estimate) |
| Commodities |
Crude Oil, Machinery, Gems, Fertilizer, Chemicals |
| Partners |
US 6.9%, Belgium 6.4%, China 4.5%, Singapore 4.4%, UK 4.4% |
| |
|
| Debt (External) |
$95.3 billion (estimate) |
| |
|
| Economic aid (recipient) |
$2.9 billion |
| |
|
| Currency |
Indian rupee (INR) |
| |
|
| Currency code |
INR |
| |
|
| Exchange rates (Indian rupees per US dollar) |
Rs 60.80 (July,2013) |
|
