Economy of India

Mother Earth Travel > Country Index > India > Map Economy History

Economy - overview: India's economy encompasses traditional village farming, modern agriculture, handicrafts, a wide range of modern industries, and a multitude of support services. More than a third of the population is too poor to be able to afford an adequate diet. India's international payments position remained strong in 2000 with adequate foreign exchange reserves, moderately depreciating nominal exchange rates, and booming exports of software services. Growth in manufacturing output slowed, and electricity shortages continue in many regions.
GDP: purchasing power parity - $2.2 trillion (2000 est.)
GDP - real growth rate: 5.5% (1999 est.), 6% (2000 est.)
GDP - per capita: purchasing power parity - $2,200 (2000 est.)
GDP - composition by sector:
agriculture:  25%
industry:  24%
services:  51% (2000)
Population below poverty line: 35% (1994 est.)
Household income or consumption by percentage share:
lowest 10%: 3.5%
highest 10%: 33.5% (1997)
Inflation rate (consumer prices): 6.7% (1999 est.), 5.4% (2000 est.)
Labor force - by occupation: agriculture 67%, services 18%, industry 15% (1995 est.)
Budget:
revenues:  $44.3 billion
expenditures:  $73.6 billion (FY00/01 est.)
Industries: textiles, chemicals, food processing, steel, transportation equipment, cement, mining, petroleum, machinery, software
Industrial production growth rate: 6% (1999 est.), 7.5% (2000 est.)
Electricity - production: 454.561 billion kWh (1999)
Electricity - production by source:
fossil fuel:  79.41%
hydro:  17.77%
nuclear:  2.52%
other:  0.3% (1999)
Electricity - consumption: 424.032 billion kWh (1999)
Electricity - exports: 200 million kWh (1999)
Electricity - imports: 1.49 billion kWh (1999)
Agriculture - products: rice, wheat, oilseed, cotton, jute, tea, sugarcane, potatoes; cattle, water buffalo, sheep, goats, poultry; fish
Exports: $36.3 billion (f.o.b., 1999 est.), $43.1 billion (f.o.b., 2000)
Exports - commodities: textile goods, gems and jewelry, engineering goods, chemicals, leather manufactures
Exports - partners: US 22%, UK 6%, Germany 5%, Japan 5%, Hong Kong 5%, UAE 4% (1999)
Imports: $50.2 billion (f.o.b., 1999 est.), $60.8 billion (f.o.b., 2000)
Imports - commodities: crude oil, machinery, gems, fertilizer, chemicals
Imports - partners: US 9%, Benelux 8%, UK 6%, Saudi Arabia 6%, Japan 6%, Germany 5% (1999)
Debt - external: $99.6 billion (2000)
Economic aid - recipient: $2.9 billion (FY98/99)
Currency: Indian rupee (INR)

SOURCE: The World Factbook

Mother Earth Travel > Country Index > India > Map Economy History