Doing Business in India

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Indian Economy

  • Composition of GDP : The Indian economy is based overwhelmingly on services, which account for 57.3% of GDP; industry for 25.8%; agriculture for 17%.
  • Financial Year : April 1 - March 31
  • GDP (current prices) : US$1.18 trillion (IMF forecast 2009)
  • GDP Growth : 6.7% (2009 Union Budget)
  • Foreign Exchange Reserves : US$ 254 bn. (June 2009)
  • Main natural resources : Coal, Iron Ore, Bauxite, Manganese and Chromium.
  • Principal crops : Wheat, Rice, Maize, Sugarcane
  • Currency : A$ 1= Rs. 39.44 / US$ 1 = Rs.47.74 (Aug. 2009)
  • Inflation : 6.26% (2009 Estimate)
  • FDI Investments : US$27.3 bn. (April 2008 - March 2009)
  • FII Investments : U$5,562 mn. (1 January, 2009 - 2 June, 2009)
  • Leading Investing Countries : Mauritius, Singapore, USA, U.K., Netherlands

Trade

Indicator 2008 - 2009 (April - December) 2007 - 2008
India's Total Trade 386.33 bn. 414.54 bn.
India's Total Exports 131 bn. 162.98 bn.
India's Total Imports 235.33 bn. 251.56 bn.

(All figures in US$)

  • Top 10 Export Destinations : USA, UAE, Singapore, China, Hong Kong, Netherlands, U.K., Germany, Saudi Arabia and Belgium.
  • Top 10 Import Sources : China, Saudi Arabia, UAE, USA, Switzerland, Iran, Germany, Nigeria, Kuwait and Australia

Statistics for top 10 Import Sources (2008-09, April - December)

Country Value (in US$ bn.)
China 24.2
Saudi Arabia 17.02
U.A.E. 15.46
U.S.A. 13.9
Switzerland 10.8
Iran 10.1
Germany 8.3
Nigeria 8.1
Kuwait 7.9
Australia 7.6

Statistics for top 10 Export Destination (2008-09, April - December)

Country Exports Value (in US$ bn.)
U.S.A. 15.7
U.A.E. 14.6
Singapore 6.5
China 6.1
Hong Kong 4.8
Netherlands 4.8
U.K. 4.6
Germany 4.3
Saudi Arabia 4.09
Belgium 3.46

September, 2009

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