Wednesday, March 13, 2019

India Economy


India is not a Muslim country. It is Hindu and Buddhist.

India is a large, poor country with a population of 1.358 billion and a land area of 1.269 million square miles. Labor force 527 million. Labor participation 38%. Labor force by occupation is agriculture 47%, industry 22%, services 31%.

Nominal GDP is $2.848 trillion and ranks 7th. GDP growth is 7%.  Nominal Per Capita GDP is $2,134 and ranks 119th. GDP by sector includes agriculture 17%, industry 29%, services 54%. Inflation 2%

Main industries include textiles, chemicals, food processing, steel, cement, mining, petroleum, machinery, software, pharmaceuticals and transportation equipment. Ease of doing business is 77th.

Exports $303.4 billion of agricultural products 12.8%, fuels and mining products 13.9%, manufacturers 70.5% to the EU 17.4%, US 16.1%, UAE 9.6%, Hong Kong 5%, China 4.2%. other 47.8%.

Imports $465.6 billion include agricultural products 8.1%, fuels and mining products 30%, manufactured products 51.7% and other 10.2% from China 16.6%, EU 10.4%, US 5.7%, UAE 4.9%, Saudi Arabia 4.6%, other 57.9%.

Government revenue $39.86 billion, spending $52.11 billion. Debt to GDP 69%. External debt $510.4 billion. Foreign reserves $402 billion.


Comments

India is a large poor country with a large population of 1.3 billion people and a nominal per capita GDP of $2,134. Their nominal GDP is $2.8 trillion, but almost half the population works in agriculture.

Norb Leahy, Dunwoody GA Tea Party Leader

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