About India

Population: 1,210 Million  |  GDP: $2.2 Trillion |  Area: 3.2 Million SQ KM

 

India has emerged as a global power in the twenty-first century, with the fourth largest GDP in terms of Purchasing Power Parity; high growth rates; a vast base of talented and educated manpower; a solid industrial infrastructure; and strong economic fundamentals. India views Latin America and the Caribbean as a region of great promise with which it has excellent political relations, rapidly growing trade and investment, and as a source of valuable resources. India also presents an important and stable market for Latin America and the Caribbean.

India – Economic Profile

GDP (purchasing power parity) $9.447 trillion (2017 est.)
$8.852 trillion (2016 est.)
$8.265 trillion (2015 est.)
note: data are in 2017 dollars
GDP (official exchange rate) $2.439 trillion (2016 est.)
GDP – real growth rate 6.7% (2017 est.)
7.1% (2016 est.)
8% (2015 est.)
GDP – per capita (PPP) $7,200 (2017 est.)
$6,800 (2016 est.)
$6,400 (2015 est.)
note: data are in 2017 dollars
Gross national saving 28.6% of GDP (2017 est.)
29.7% of GDP (2016 est.)
31.8% of GDP (2015 est.)
GDP – composition, by end use household consumption: 58.7%
government consumption: 11.6%
investment in fixed capital: 27.5%
investment in inventories: 4%
exports of goods and services: 18.4%
imports of goods and services: -20.2% (2017 est.)
GDP – composition by sector agriculture: 16.8%
industry: 28.9%
services: 46.6% (2017 est.)
Population below poverty line 21.9% (2011 est.)
Labor force 521.9 million (2017 est.)
Labor force – by occupation agriculture: 47%
industry: 22%
services: 31% (FY 2014 est.)
Unemployment rate 8.8% (2017 est.)
8% (2016 est.)
Unemployment, youth ages 15-24 total: 10.7%
male: 10.4%
female: 11.6% (2012 est.)
Household income or consumption by percentage share lowest 10%: 3.6%
highest 10%: 29.8% (2011)
Distribution of family income – Gini index 35.2 (2011)
37.8 (1997)
Budget revenues: $248.7 billion
expenditures: $330.3 billion (2017 est.)
Taxes and other revenues 10.2% of GDP (2017 est.)
Budget surplus (+) or deficit (-) -3.3% of GDP (2017 est.)
Public debt 50.1% of GDP (2017 est.)
50.3% of GDP (2016 est.)
note: data cover central government debt, and exclude debt instruments issued (or owned) by government entities other than the treasury; the data include treasury debt held by foreign entities; the data exclude debt issued by subnational entities, as well as intra-governmental debt; intra-governmental debt consists of treasury borrowings from surpluses in the social funds, such as for retirement, medical care, and unemployment; debt instruments for the social funds are not sold at public auctions
Inflation rate (consumer prices) 3.8% (2017 est.)
4.5% (2016 est.)
Central bank discount rate 6.25% (31 December 2016)
7.75% (31 December 2014)
note: this is the Indian central bank’s policy rate – the repurchase rate
Commercial bank prime lending rate 9.6% (31 December 2017 est.)
9.67% (31 December 2016 est.)
Stock of narrow money $429.3 billion (31 December 2017 est.)
$294.4 billion (31 December 2016 est.)
Stock of broad money $2.063 trillion (31 December 2017 est.)
$1.773 trillion (31 December 2016 est.)
Stock of domestic credit $1.795 trillion (31 December 2017 est.)
$1.622 trillion (31 December 2016 est.)
Market value of publicly traded shares $1.516 trillion (31 December 2015 est.)
$1.558 trillion (31 December 2014 est.)
$1.139 trillion (31 December 2013 est.)
Agriculture – products rice, wheat, oilseed, cotton, jute, tea, sugarcane, lentils, onions, potatoes; dairy products, sheep, goats, poultry; fish
Industries textiles, chemicals, food processing, steel, transportation equipment, cement, mining, petroleum, machinery, software, pharmaceuticals
Industrial production growth rate 7.5% (2017 est.)
Current Account Balance -$33.68 billion (2017 est.)
-$15.23 billion (2016 est.)
Exports $299.3 billion (2017 est.)
$268.6 billion (2016 est.)
Exports – commodities petroleum products, precious stones, vehicles, machinery, iron and steel, chemicals, pharmaceutical products, cereals, apparel
Exports – partners US 16%, UAE 11.7%, Hong Kong 5.1% (2016)
Imports $426.8 billion (2017 est.)
$376.1 billion (2016 est.)
Imports – commodities crude oil, precious stones, machinery, chemicals, fertilizer, plastics, iron and steel
Imports – partners China 17%, US 5.8%, UAE 5.4%, Saudi Arabia 5.2%, Switzerland 4.2% (2016)
Reserves of foreign exchange and gold $407.2 billion (31 December 2017 est.)
$359.7 billion (31 December 2016 est.)
Debt – external $483.4 billion (31 December 2017 est.)
$456.4 billion (31 December 2016 est.)
Stock of direct foreign investment – at home $367.5 billion (31 December 2017 est.)
$318.5 billion (31 December 2016 est.)
Stock of direct foreign investment – abroad $156.1 billion (31 December 2017 est.)
$144.1 billion (31 December 2016 est.)
Exchange rates Indian rupees (INR) per US dollar -
65.17 (2017 est.)
67.195 (2016 est.)
67.195 (2015 est.)
64.152 (2014 est.)
61.03 (2013 est.)
Fiscal year 1 April – 31 March