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ECONOMY OF INDIA

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Author Topic: ECONOMY OF INDIA  (Read 1081 times)
Soniya
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« on: January 20, 2007, 06:50:43 PM »
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India's economy encompasses traditional village farming, modern agriculture, handicrafts, a wide range of modern industries, and a multitude of support services. Government controls have been reduced on foreign trade and investment, and privatization of domestic output has proceeded slowly. The economy has posted an excellent average growth rate of 6% since 1990, reducing poverty by about 10 percentage points. India is capitalizing on its large numbers of well-educated people skilled in the English language to become a major exporter of software services and software workers. Despite strong growth, the World Bank and others worry about the continuing public-sector budget deficit, running at approximately 10% of GDP.
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« Reply #1 on: January 20, 2007, 06:51:37 PM »
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GDP   
Purchasing power parity $3.022 trillion (2003 est.) 
Real growth rate 7.6% (2003 est.) 
Per capita (Purchasing power parity) $2,900 (2003 est.) 
 
GDP (Composition by sector) 
Agriculture 23.6%
Industry  28.4%
Services  48% (2002 est.) 
 
Population below poverty line 25% (2002 est.) 
 
Household income or consumption - By Share
Lowest  10% : 3.5%
Highest  10%: 33.5% (1997)
 
Distribution of family income (Gini index) 37.8 (1997) 
 
Inflation rate (consumer prices) 4.6% (2003 est.)
 
Labor force 406 million (1999) 
 
Labor force - By Occupation 
Agriculture  60%
Services  23%
Industry  17% (1999)
 
Unemployment rate 9.1% (2003) 
 
Budget 
Revenues $48.3 billion
Expenditures  $78.2 billion, including capital expenditures
 
Industries Textiles, Chemicals, Food Processing, Steel, Transportation Equipment, Cement, Mining, Petroleum, Machinery, Software 
 
Industrial production growth rate 6% (2003 est.) 
 
Electricity 
Production 533.3 billion kWh (2001)
 
Electricity - Production by source 
Fossil Fuel  81.7%
Hydro  14.5%
Nuclear  3.4%
Other Sources 0.3% (2001)
 
Electricity Usage Distribution 
Consumption 497.2 billion kWh (2001)
Exports  321 million kWh (2001) 
Imports  1.54 billion kWh (2001)
 
Oil 
Production  732,400 bbl/day (2001 est.) 
Consumption  2.13 million bbl/day (2001 est.)
Proved reserves  4.33 billion bbl (1 January 2002)
 
Natural gas 
Production 22.75 billion cu m (2001 est.)
Consumption  22.75 billion cu m (2001 est.)
Exports  0 cu m (2001 est.)
Imports 0 cu m (2001 est.)
Proved reserves  542.4 billion cu m (1 January 2002)
 
Agriculture 
Products  Rice, Wheat, Oilseed, Cotton, Jute, Tea, Sugarcane, Potatoes, Cattle, Water Buffalo, Sheep, Goats, Poultry, Fish
 
Exports 
Total exports $57.24 billion f.o.b. (2003 est.)
Commodities  Textile Goods, Gems and Jewelry, Engineering Goods, Chemicals, Leather Manufactures
Partners  US 22.4%, UK 5.1%, Hong Kong 4.5%, Germany 4.3%, China 4.1% (2002)
 
Imports 
Total imports $74.15 billion f.o.b. (2003 est.)
Commodities  Crude Oil, Machinery, Gems, Fertilizer, Chemicals 
Partners US 6.9%, Belgium 6.4%, China 4.5%, Singapore 4.4%, UK 4.4% (2002)
 
Debt (External) $95.3 billion (2003 est.)
 
Economic aid (recipient) $2.9 billion (FY98/99) 
 
Currency Indian rupee (INR)
 
Currency code INR
 
Exchange rates
(Indian rupees per US dollar)  46.58 (2003), 48.61 (2002), 47.19 (2001), 44.94 (2000), 43.06 (1999) 
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« Reply #2 on: January 20, 2007, 06:52:29 PM »
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The above stats are based on an avarage as on 1.12.2006
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