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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

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