Economy of India

Mumbai, Maharashtra is the financial capital of the Republic of India[1][2]

Currency Indian rupee (INR) () = 100 Paise

1 USD = 66.97 (12 March 2016)

0.4774 monthly change

3.97 yearly change

Fiscal year 1 April 31 March
Trade WTO, SAFTA, BRICS, G-20 and others
organizations

Statistics

GDP $2.384 trillion (161.6 lakh crore)

(Nominal, Est. 2016)[3]

$8.727 trillion (591.5 lakh crore)

(PPP, Est. 2016)[3]

GDP rank 7th (Nominal) / 3rd (PPP)

GDP growth 7.5% (FY 2015-16 est.)[4]
GDP per capita $1,820 (1.23 lakh)

(Nominal: 129st; October 2015)[3]

$6,664 (4.52 lakh)

(PPP: 118st; 2015)[3]

GDP by sector Agriculture: 17%

Industry: 26%

Services: 57% (2013-14)[5][6]

Inflation (CPI)
CPI: 5.41%

WPI: -1.99% (November 2015)[7]

Base 6.75% (as of 29 Sep. 2015)[8]
borrowing rate
Population 23.7% of population below poverty line of $1.25/day (2011-12,
belowpoverty
World Bank)[9][10]
line
Gini coefficient 33.9 (2009)[11]

Labour force 502.3 million (2014 est.)

Labour force Agriculture: 49%
by occupation
Industry: 20%

Services: 31% (2012 est.)

Unemployment 3% Urban

2% Rural

Total=10.8 million

(2013, NSSO method)[12]

Average gross
salary $1.46 per hour ($3,036.8 yearly in 2010);[13]

GNI per capita: $1,631 yearly per person (2014);[14]

Average household income:

$6,671 yearly (2010)[15]

Main software, petroleum products,chemicals, pharmaceuticals,agriculture,
industries
textiles, steel, transportation equipment, machinery, leather, cement,

mining, construction[16][17]
Ease-of-doing- 130[18] (2016)
business rank
( 12 YoY)[19]

External

Exports $321.5 billion: merchandise exports

$155.6 billion: services exports

$477.1 billion: Total (2014)[20]

Export goods software, petrochemicals, agriculture,leather, jewellery, engineering

goods,[21] pharmaceuticals, textiles,chemicals, transportation, ores and

other commodities[17]
Main export European Union 16.3%(2014)[20]
partners
United States 13.4%

United Arab Emirates 10.4%

China 4.2%

Hong Kong 4.2%

Imports $463 billion: merchandise imports

$146.9 billion: services imports

$609.9 billion: Total (2014)[20]

Import goods crude oil, gold and precious stones, electronics, engineering

goods,[21]chemicals, plastics, coal and ores, iron and steel, vegetable

oil and other commodities[17]

Main import China 12.7% (2014)[20]
partners
European Union 10.5%

Saudi Arabia 7.1%

United Arab Emirates 5.9%

Switzerland 4.6%
FDI stock Inflows: $261.7 billion

Outflows: $129.8 billion (2014 est.)

Current 1.3% of GDP ($27.5 billion) (20142015)[22]
account
Gross external $461.9 billion (as of 31 Dec. 2014)[23]
debt
( $34.53 billion YoY)
Net -$363 billion (as of 31 March 2015)[24]
international
( -$26.2 billion YoY)
investment
position

Public finances
Public debt 64.9% of GDP (2014)[25]
Budget deficit 3.9% of GDP (201516)[26]

Revenues 28.1 trillion (US$410 billion) (2015,IMF)[27]

Expenses 38.3 trillion (US$560 billion) (2015,IMF)[27]

Economic aid $2.43 billion (2013)[28]

Credit rating BBB- (Domestic)

BBB- (Foreign)

BBB+ (T&C Assessment)

Outlook: Stable

(Standard & Poor's)[29]

Foreign $350.36 billion (as of 19 Feb 2016)[30](9th)
reserves
( 1.72 billion WoW)
$25 billion forward contracts (as of 24 August 2015)[31]
 Main data source: CIA World Fact Book
All values, unless otherwise stated, are in US dollars.