 Mumbai, the financial centre of India |
Currency | Indian rupee (INR, ₹) |
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Fiscal year | 1 April – 31 March |
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Trade organisations | WTO, WCO, SAFTA, BIMSTEC, WFTU, BRICS, G-20, BIS, AIIB, ADB and others |
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Country group | - Developing/Emerging
- Lower-middle income economy
- Newly industrialized country
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Population | 1,389,637,446 (2nd; 2022 est.) |
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GDP | $3.535 trillion (nominal; 2022 est.) $11.745 trillion (PPP; 2022 est.)
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GDP rank | - 5th (nominal; 2022)
- 3rd (PPP; 2022)
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GDP growth | –6.6% (2020) 8.7% (2021e) 7.5% (2022f) 7.1% (2023f)
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GDP per capita | $2,543 (nominal; 2022 est.) $8,358 (PPP; 2022 est.)
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GDP per capita rank | - 142nd (nominal; 2022)
- 128th (PPP; 2022)
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GDP by sector | - Agriculture: 16.38%
- Industry: 29.34%
- Services: 54.27%
- (FY 2020-21)
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GDP by component | - Household consumption: 60.8%
- Government consumption: 12.1%
- Investment in fixed capital: 26.6%
- Other source: 0.9%
- Exports of goods and services: 18.7%
- Imports of goods and services: −19.1%
- (2020-21 est.)
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Inflation (CPI) | 7.04% (May 2022)
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Base borrowing rate | 4.00% (18 March 2022) |
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Population belowpoverty line | 6% in extreme poverty (2022 est.)
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Gini coefficient | 33.9medium(2013) |
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Human Development Index | 0.645medium(2019) (131st) 0.475lowIHDI (2019)
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Labour force | 471,295,273 (2021)- 48.7% employment rate (2020)
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Labour force by occupation | - Agriculture: 42.60%
- Industry: 25.12%
- Services: 32.28%
- (2019)
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Unemployment | 7.12% (May 2022)
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Main industries | - Textiles
- chemicals
- food processing
- agribusiness
- handicrafts
- petroleum
- petrochemicals
- gems and jewellery
- leather
- iron ore
- steel
- aluminium
- cement
- mining
- metals
- retail
- machinery
- information technology
- construction
- financial services
- electric power
- consumer goods
- pharmaceuticals
- automotive
- telecommunications
- real estate
- paper
- transportation equipment
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Ease-of-doing-business rank | 63rd (easy, 2020) |
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Exports | $421.894 billion (FY2021-22) |
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Export goods | - Manufacturers 70.8%
- Fuels and mining products 17.3%
- Agricultural products 11.5%
- Others 0.4% (2019)
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Main export partners | United States 16.89% United Arab Emirates 6.77% China 3.45% Bangladesh 3.38% Netherlands 3.37%- Other 66.14% (FY 2021-22)
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Imports | $612.608 billion (FY2021-22) |
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Import goods | - Agricultural products 5.7%
- Fuels and mining products 36.5%
- Manufacturers 49.4%
- Other 8.3 % (2019)
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Main import partners | China 12.83% United Arab Emirates 8.34% Saudi Arabia 7.12% United States 7.02% Iraq 6.72%- Other 57.97% (FY 2021-22)
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FDI stock | - Inward:
$83.57 billion (2021-22) $81.97 billion (2020-21)
- Outward:
$15.68 billion (2021-22)
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Current account | −$24.6 billion (2020) |
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Grossexternal debt | $570.0 billion (2021) |
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Net international investment position | −$352.7 billion (2021) |
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Public debt | 86.902% of GDP (2021) ₹233.023 lakh crore(US$3.1 trillion)
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Budget balance | -10% of GDP (2021–22) |
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Revenues | - ₹50.676 lakh crore(US$670 billion)
- (2022-23)
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Expenses | - ₹77.34 lakh crore(US$1.0 trillion)
- (2022-23)
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Economic aid | - Donor:
$4.234 billion (2021) ($30.59 billions Line of Credit in total)
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Credit rating | - Standard & Poor's:
- BB+
- Outlook: Positive
- Moody's:
- Baa3
- Outlook: Stable
- Fitch:
- BBB−
- Outlook: Stable
- DBRS:
- BBB(low)
- Outlook: Positive
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Foreign reserves | $601.057 billion (4th) (as of 3 June 2022) |
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Main data source:CIA World Fact Book All values, unless otherwise stated, are in US dollars. |