Physics

Economy of India
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Economy of 'The Republic of India '

Mumbai, Financial Capital of India
Rank
10th (nominal) / 3rd (PPP)
Currency
1 (INR) () = 100 Paise
Fiscal year
1 April – 31 March
Trade organizations
WTO, SAFTA, G-20 and others
Statistics
GDP
$1.824 trillion (nominal: 10th; 2012)[1]
$4.684 trillion (PPP: 3rd; 2012)[1]
GDP growth
5.3% (2012–2013)[2]
GDP per capita
$1,591 (nominal: 134th; 2012)[1]
$3,851 (PPP: 130th; 2012)[1]
GDP by sector agriculture: 17.2%, industry: 26.4%, services: 56.4% (2011 est.)
Inflation (CPI)
CPI: 10.91%, WPI: 6.84% (Feb 2013)[3][4]
Population
below poverty line
29.8% (2010)
Gini coefficient
36.8 (List of countries)
Labour force
498.4 million (2012 est.)
Labour force by occupation agriculture: 52%, industry: 14%, services: 34% (2009 est.)
Unemployment
9.9% (2012 est.)[5]
Average gross salary
$1,410 yearly (2011)[6]
Main industries textiles, chemicals, food processing, steel, transportation equipment, cement, mining, petroleum, machinery, software, pharmaceuticals
Ease of Doing Business Rank
132nd[7] (2012)
External
Exports
$309.1 billion (2012 est.)
Export goods petroleum products, precious stones, machinery, iron and steel, chemicals, vehicles, apparel
Main export partners
UAE 13%, US 11.4%, China 6.3%, Singapore 5.3% (2011)
Imports
$500.3 billion (2012 est.)
Import goods crude oil, raw precious stones, machinery, fertilizer, iron and steel, chemicals
Main import partners
China 12.1%, UAE 8.3%, Saudi Arabia 5.8%, US 5.1%, Switzerland 4.7% (2011)
FDI stock
$47 billion (2011–12)[8]
Gross external debt
$299.2 billion (31 December 2012)
Public finances
Public debt
67.59% of GDP (2012 est.)[9]
Budget deficit
5.2% of GDP (2011–12)
Revenues
$171.5 billion billion (2012 est.)
Expenses
$281 billion billion (2012 est.)
Economic aid
$2.107 billion (2008)[10]
Credit rating
BBB- (Domestic)
BBB- (Foreign)

References: Drèze, John; Sen, Amartya (1996). India: Economic Development and Social Opportunity. Oxford University Press. p. 292. ISBN 978-0-19-564082-3. Kumar, Dharma (2005). The Cambridge Economic History of India, Volume II : c. 1757–2003. New Delhi: Orient Longman. p. 1115. ISBN 978-81-250-2710-2. Nehru, Jawaharlal (1946). The Discovery of India. Penguin Books. ISBN 0-14-303103-1. Panagariya, Arvind (2008). India: The Emerging Giant. Oxford University Press. p. 514. ISBN 978-0-19-531503-5. Raychaudhuri, Tapan; Habib, Irfan (2004). The Cambridge Economic History of India, Volume I : c. 1200 – c. 1750. New Delhi: Orient Longman. p. 543. ISBN 978-81-250-2709-6. Roy, Tirthankar (2006). The Economic History of India 1857–1947. Oxford University Press. p. 385. ISBN 978-0-19-568430-8. Alamgir, Jalal (2008). India 's Open-Economy Policy. Routledge. ISBN 978-0-415-77684-4. Bharadwaj, Krishna (1991). "Regional differentiation in India". In Sathyamurthy, T.V. Industry & agriculture in India since independence. Oxford University Press. pp. 189–199. ISBN 0-19-564394-1. Bernardi, Luigi and Fraschini, Angela (2005). Tax System And Tax Reforms In India. Working paper n. 51. Centre for Media Studies (2005). India Corruption Study 2005: To Improve Governance Volume – I: Key Highlights (PDF). Transparency International India. Retrieved 2009-06-21. Gordon, Jim and Gupta, Poonam (2003). Understanding India 's Services Revolution (PDF). 12 November 2003. Retrieved 2009-06-21. Panagariya, Arvind (2004). India in the 1980s and 1990s: A Triumph of Reforms. Sachs, D. Jeffrey; Bajpai, Nirupam and Ramiah, Ananthi (2002). Understanding Regional Economic Growth in India (PDF). Working paper 88. Archived from the original on 2007-07-01. Srinivasan, T.N. (2002). Economic Reforms and Global Integration (PDF). 17 January 2002. Retrieved 2009-06-21.