Economy of India |
Currency |
1 Indian Rupee (Re) = 100 paise |
Fiscal year |
1 April - 31 March |
Trade Organisations |
SAFTA, ASEAN and WTO |
Statistics |
GDP Ranking |
4th |
GDP |
$3.033 trillion |
GDP real growth rate |
8.3% |
GDP per capita |
$2,900 |
GDP by sector |
agriculture (23.6%), industry (28.4%), services (48%) |
Inflation rate |
3.8% |
Population below poverty line |
25% |
Labour force |
472 million |
Labour force by occupation (1999) |
agriculture (60%), industry (17%), services (23%) |
Unemployment rate |
9.5% |
Agriculture products |
rice, wheat, oilseed, cotton, jute, tea, sugarcane, potatoes; cattle, water buffalo, sheep, goats, poultry; fish |
Main Industries |
textiles, chemicals, food processing, steel, transportation equipment, cement, mining, petroleum, machinery, software |
External Trade |
Imports (2003) |
$74.15 billion |
Major imported commodities |
crude oil, machinery, gems, fertilizer, chemicals |
Main partners (2003) |
USA 6.4%, Belgium 5.6%, UK 4.8%, China 4.3%, Singapore 4% |
Exports |
$57.24 billion |
Major Exported Commodities |
textile goods, gems and jewelry, engineering goods, chemicals, leather manufactures |
Main partners (2001) |
USA 20.6%, China 6.4%, UK 5.3%, Hong Kong 4,8%, Germany 4.4% |
Public Finances |
Public debt |
$1.810701 billion (59.7% of GDP) |
External debt |
$101.7 billion |
Revenues |
$86.69 billion |
Revenue expenditure |
$101.1 billion |
Capital expenditure |
$13.5 billion |
Economic aid receipts (1998/99) |
$2.9 billion |