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Economy of India

Economy of India
Modern Indian currency notes
CountryThe Republic of India
Width200px
CaptionModern Indian currency notes
Currency1 Indian Rupee (INR) ( )=100 Paise
Year1 April - 31 March
OrgansWTO, SAFTA, G-20 and others
Rank10th (nominal) / 4th (PPP)
Gdp$1.632 trillion (nominal: 9th; 2010)
$4.06 trillion (PPP: 4th; 2010)
Growth8.5% (2010-11)
Per Capita$1,371 (nominal: 138th; 2010)
$3,339 (PPP: 129th; 2010)
Sectorsservices (55.2%), industry (26.3%), agriculture (18.5%) (2010 est.)
Inflation9.22% (July 2011)
Poverty37% (2010)
Gini36.8 (List of countries)
Edbr134th (2011)
Labor478 million (2nd; 2010)
Occupationsagriculture (52%), industry (14%), services (34%) (2009 est.)
Unemployment9.4% (2009 � 10)
Industriestelecommunications, textiles, chemicals, food processing, steel, transportation equipment, cement, mining, petroleum, machinery, software, pharmaceuticals
Exports$225.4 billion (2010 est.)
Export-goodspetroleum products, precious stones, machinery, iron and steel, chemicals, vehicles, apparel
Export-partnersUAE 12.5%, US 11.1%, China 6.1%, Hong Kong 4.2%, Singapore 4.1% (2009)
Imports$359 billion (2010 est.)
Import-goodscrude oil, precious stones, machinery, fertilizer, iron and steel, chemicals
Import-partnersChina 11.2%, US 6.5%, UAE 6%, Saudi Arabia 5.7%, Australia 4.2%, Germany 4.2%, Iran 4.1% (2009)
FDI$35.6 billion (2009-10)
Gross External Debt$238 billion (31 December 2010 est.)
Debt71.84% of GDP (2010 est.)
Revenue$185.4 billion (2010 est.)
Expenses$269.8 billion (2010 est.)
Aid$2.107 billion (2008)
CreditBBB- (Domestic)
BBB- (Foreign)
BBB+ (T&C Assessment)
Outlook: Stable
(Standard & Poor's)
Reserves$319 billion (July 2011)
Cianamein
SpellingOxford

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:"Dollar" and "$" refer throughout to the US dollar.The Economy of India is the ninth largest in the world by nominal GDP and the fourth largest by purchasing power parity (PPP). The country's per capita GDP (PPP) per capita is $3,339 (IMF, 129th) in 2010. Following strong economic reforms from the post-independence socialist economy, the country's economic growth progressed at a rapid pace, as free market principles were initiated in 1991 for international competition and foreign investment. Despite fast economic growth India continues to face massive income inequalities, high unemployment and widespread malnourished children.


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