Amazing Facts about Indian Economy
Written on 2:31 AM by Mrudula
Since 1996 the economy posted an average growth rate of over 7%. It reduced the poverty by 10%. The country achieved a GDP growth of 8.5% by 2006. The following table will give a brief of the economy of India.
| GDP (purchasing power parity - PPP) | $4.042 trillion (2006 est.) |
| GDP (official exchange rate) | $796.1 billion (2006 est.) |
| GDP - real growth rate | 8.5% (2006 est.) |
| GDP - per capita (PPP) | $3,700 (2006 est.) |
| GDP - composition by sector | agriculture: 19.9% industry: 19.3% services: 60.7% (2005 est.) |
| Labor force | 509.3 million (2006 est.) |
| Labor force - by occupation | agriculture: 60% industry: 12% services: 28% (2003) |
| Unemployment rate | 7.8% (2006 est.) |
| Population below poverty line | 25% (2002 est.) |
| Inflation rate (consumer prices) | 5.3% (2006 est.) |
| Investment (gross fixed) | 29.2% of GDP (2006 est.) |
| Budget | revenues: $109.4 billion expenditures: $143.8 billion; including capital expenditures of $15 billion (2006 est.) |
| Public debt | 52.8% of GDP (federal and state debt combined) (2006 est.) |
| Agriculture - products | rice, wheat, oilseed, cotton, jute, tea, sugarcane, potatoes; cattle, water buffalo, sheep, goats, poultry; fish |
| Industries | textiles, chemicals, food processing, steel, transportation equipment, cement, mining, petroleum, machinery, software |
| Industrial production growth rate | 7.5% (2006 est.) |
| Exports | $112 billion f.o.b. (2006 est.) |
| Exports - commodities | textile goods, gems and jewelry, engineering goods, chemicals, leather manufactures |
| Exports - partners | US 16.7%, UAE 8.5%, China 6.6%, Singapore 5.3%, UK 4.9%, Hong Kong 4.4% (2005) |
| Imports | $187.9 billion f.o.b. (2006 est.) |
| Imports - commodities | crude oil, machinery, gems, fertilizer, chemicals |
| Imports - partners C | hina 7.3%, US 5.6%, Switzerland 4.7% (2005) |
| Reserves of foreign exchange and gold | $165 billion (2006 est.) |
| Debt - external | $132.1 billion (30 June 2006 est.) |
| Exchange rates | Indian rupees per US dollar - 45.5 (2006), 44.101 (2005), 45.317 (2004), 46.583 (2003), 48.61 (2002) |
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