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Amazing Facts about Indian Economy

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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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