cia india data

8/6/2019 CIA India Data

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India is developing into an open-market economy, yet traces of i ts pastautarkic policies remain. Economic liberalization, including industrialderegulation, privatization of state-owned enterprises, and reducedcontrols on foreign trade and investment, began in the early 1990s andhas served to accelerate the country's growth, which has averaged

more than 7% per year since 1997. India's diverse economyencompasses traditional village farming, modern agriculture,handicrafts, a wide range of modern industries, and a multitude of services. Slightly more than half of the work force is in agriculture, butservices are the major source of economic growth, accounting for morethan half of India's output, with only one-third of its labor force. Indiahas capitalized on its large educated English-speaking population tobecome a major exporter of information technology services andsoftware workers. In 2010, the Indian economy rebounded robustly fromthe global financial crisis - in large part because of strong domesticdemand - and growth exceeded 8% year-on-year in real terms.

Merchandise exports, which account for about 15% of GDP, returned topre-financial crisis levels. An industrial expansion and high food prices,resulting from the combined effects of the weak 2009 monsoon andinefficiencies in the government's food distribution system, fueledinflation which peaked at about 11% in the first half of 2010, but hasgradually decreased to single digits following a series of central bankinterest rate hikes. In 2010 New Delhi reduced subsidies for fuel andfertilizers, sold a small percentage of its shares in some state-ownedenterprises and auctioned off rights to radio bandwidth for 3Gtelecommunications in part to lower the government's deficit. TheIndian Government seeks to reduce its budget deficit to 5.5% of GDP in

FY 2010-11, down from 6.8% in the previous fiscal year. India's longterm challenges include widespread poverty, inadequate physical andsocial infrastructure, limited non-agricultural employment opportunities,insufficient access to quality basic and higher education, andaccommodating rural-to-urban migration.

GDP (purchasing power parity):

$4 .06 trillion (2010 est.)

country comparison to the world: 5 $3.679 trillion (2009 est.)$

3.44

7 trillion (2008 est.)note: data are in 2010 US dollars

GDP (official exchange rate):

$1.538 trillion (2010 est.)



GDP - real growth rate:

10.4% (2010 est.)

country comparison to the world: 5 6.8% (2009 est.)6.2% (2008 est.)

GDP - per capita (PPP):

$3,500 (2010 est.)

country comparison to the world: 163 $3,200 (2009 est.)$3,000 (2008 est.)note: data are in 2010 US dollars

GDP - composition by sector:

agriculture: 16.1% industry: 28.6% services: 55.3% (2010 est.)

Labor force:

478.3 million (2010 est.)

country comparison to the world: 2 Labor force - by occupation:

agriculture: 52% industry: 14% services: 34% (2009 est.)

Unemployment rate:

10.8% (2010 est.)

country comparison to the world: 118 10.7% (2009 est.)

Population below poverty line:

25% (2007 est.)

Household income or consumption by percentage share:

lowest 10%: 3.6%

highest 10%: 31.1% (2005)

Distribution of family income - Gini index:

36.8 (2004)

country comparison to the world: 79 37.8 (1997)



Investment (gross fixed):

32% of GDP (2010 est.)

country comparison to the world: 15 Budget:

revenues: $170.7 billion expenditures: $268 billion (2010 est.)

Public debt:

55.9% of GDP (2010 est.)

country comparison to the world: 45 57.3% of GDP (2009 est.)

Inflation rate (consumer prices):

11.7% (2010 est.)

country comparison to the world: 201

10.9% (2009 est.)

Central bank discount rate:

6% (31 December 2009)

country comparison to the world: 73 6% (31 December 2008)

Commercial bank prime lending rate:

12.19% (31 December 2009 est.)

country comparison to the world: 56 13.31% (31 December 2008 est.)

tock of narrow money:

$328.4 billion (31 December 2010 est.)

country comparison to the world: 15 $268.4 billion (31 December 2009 est.)

tock of broad money:

$1.29 trillion (31 December 2010 est.)

country comparison to the world: 14 $1.04 trillion (31 December 2009 est.)

tock of domestic credit:

$1.164 trillion (31 December 2010 est.)




Market value of publicly traded shares:

$1.179 trillion (31 December 2009)

country comparison to the world: 15 $645.5 billion (31 December 2008)$1.819 trillion (31 December 2007)

Agriculture - products:

rice, wheat, oilseed, cotton, jute, tea, sugarcane, lentils, onions,potatoes; dairy products, sheep, goats, poultry; fish

Industries:

textiles, chemicals, food processing, steel, transportation equipment,cement, mining, petroleum, machinery, software, pharmaceuticals

Industrial production growth rate:

9.7% (2010 est.)

country comparison to the world: 21 Electricity - production:

723.8 billion kWh (2009 est.)

country comparison to the world: 6 Electricity - consumption:

568 billion kWh (2007 est.)

country comparison to the world: 6 E

lectricity - exports:810 million kWh (2009 est.)

Electricity - imports:

5.27 billion kWh (2009 est.)

Oil - production:

878,700 bbl/day (2009 est.)

country comparison to the world: 24 Oil - consumption:

2.98 million bbl/day (2009 est.)

country comparison to the world: 5



Oil - exports:

738,600 bbl/day (2007 est.)

country comparison to the world: 23 Oil - imports:

2.9 million bbl/day (2007 est.)country comparison to the world: 6

Oil - proved reserves:

5.8 billion bbl (1 January 2010 est.)

country comparison to the world: 23 Natural gas - production:

38.65 billion cu m (2009 est.)

country comparison to the world: 22 Natural gas - consumption:


country comparison to the world: 16 Natural gas - exports:

0 cu m (2008 est.)

country comparison to the world: 113 Natural gas - imports:


country comparison to the world: 17 Natural gas - proved reserves:

1.075 trillion cu m (1 January 2010 est.)

country comparison to the world: 26 Current account balance:

$-26.91 billion (2010 est.)

country comparison to the world: 182 $-26.63 billion (2009 est.)

Exports:

$201 billion (2010 est.)

country comparison to the world: 23 $168.2 billion (2009 est.)



Exports - commodities:

petroleum products, precious stones, machinery, iron and steel,chemicals, vehicles, apparel

Exports - partners:

UAE 12.5%, US 11.1%, China 6.1%, Hong Kong 4.2%, Singapore 4.1%(2009)

Imports:

$327 billion (2010 est.)

country comparison to the world: 13 $274.3 billion (2009 est.)

Imports - commodities:

crude oil, precious stones, machinery, fertilizer, iron and steel,chemicals

Imports - partners:

China 11.2%, US 6.5%, UAE 6%, Saudi Arabia 5.7%, Australia 4.2%,Germany 4.2%, Iran 4.1% (2009)

Reserves of foreign exchange and gold:



Debt - external:



tock of direct foreign investment - at home:



tock of direct foreign investment - abroad:

$89.04 billion (31 December 2010 est.)country comparison to the world: 26 $76.62 billion (31 December 2009 est.)



Exchange rates:

Indian rupees (INR) per US dollar -46.163 (2010)48.405 (2009)43.319 (2008)

41.487 (2007)45.3 (2006)

cia india data

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