India’s population is
1.3 billion with a land area of 1.27 million square miles. Labor force is 527
million. Labor force by sector, agriculture 47%, industry 22%, services 31%.
Average salary $1,600.
India’s Nominal GDP is
$3 trillion, GDP Rank 5th, GDP growth 7.3%, Nominal per capita GDP
$2,134, GDP by sector, agriculture 17%, industry 29%, services 54%.Inflation is
2% Interest rate 6.5%.
Main industries are
textile, chemicals, food processing, steel, cement, mining oil, machinery,
software, pharmaceuticals, vehicles, ease of doing business 77th.
Exports are $303
billion including agriculture 13%, fuels and mining 14%, manufacturing 70.5%,
other 2.9% with products sold to EU 17%, US 16%, UAE 10%, Hong Kong 5%, China
4.2%, other 48%.
Imports are $465.6
billion and include agricultural 8.1%, fuels and mining 30%, manufacturing 52%
and other 10.2% purchased from China 16.6%, EU 10.4%, US 5.7%, UAE 4.9%, Saudi
Arabia 4.6%, others 58%.
Government revenue
$550 billion, spending $730 billion. Debt to GDP 69%. External debt $510
billion. Foreign reserves $400 billion.
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