Indian Economy at a Glance
Asian Development Bank predicts India's gross domestic product (GDP) to grow by 6 per cent for 2013-14. Moreover, World Bank sees 6.7 per cent GDP growth for India by 2015.
Gross Domestic Product (GDP) Composition by Sector
- Services: 65 %
- Industry: 18 %
- Agriculture: 17 %
- Forex Reserves: US$ 354,286.6 million. As on June 12, 2015
- Gross Fixed Capital Formation (GFCF): Gross Fixed Capital Formation in India decreased to 4957.25 INR Billion in the second quarter of 2014 from 5356.22 INR Billion in the first quarter of 2014. Gross Fixed Capital Formation in India averaged 3568.76 INR Billion from 2001 until 2014, reaching an all time high of 5356.22 INR Billion in the first quarter of 2014 and a record low of 2021.90 INR Billion in the first quarter of 2002. Gross Fixed Capital Formation in India is reported by the Ministry of Statistics and Programme Implementation (MOSPI).
- Value of Exports: Imports during May, 2015 were valued at US $32752.99 (Rs.208965.06 crore) which was 16.52 per cent lower in Dollar terms and 10.19 per cent lower in Rupee terms over the level of imports valued at US $ 39233.24 million (Rs. 232672.72 crore) in May, 2014. Cumulative value of imports for the period April-May 2015-16 was US $65800.01 million (Rs 416345.69 crore) as against US $ 74953.27 million (Rs 448266.65 crore) registering a negative growth of 12.21 per cent in Dollar terms and 7.12 per cent in Rupee terms over the same period last year.
- Export Partners: US, Germany, UAE, China, Japan, Thailand, Indonesia and European Union. India is also tapping newer markets in Africa and Latin America
- Currency (code): Indian rupee (INR)
- Exchange Rates: Indian rupees per US dollar - 1 USD = 63.81 INR (June 20, 2015)
- Fiscal Year: 1 April - 31 March
- Cumulative FDI equity Inflows: US$ 41,223 million (from April, 2014 to February, 2015)
- Share of Top Investing Countries FDI Equity Inflows: Mauritius, Singapore, UK, Japan, Netherlands, USA, Cyprus, Germany, France, Switzerland, (as on February, 2015)
- Major Sectors Attracting Highest FDI Equity Inflows: Services Sector, Construction Development, Telecommunications, Computer Software and Hardware, Drugs and Pharmaceuticals, Automobile (as in February 2015)
Transportation in India
- Airports: The Airports Authority of India (AAI) manages a total of 125 Airports
- International Airports: Ahmedabad, Amritsar, Bengaluru, Chennai, Goa, Guwahati, Hyderabad, Kochi, Kolkata, Mumbai, New Delhi, Thiruvananthapuram, Port Blair, Srinagar, Jaipur, Nagpur, Calicut, Tiruchirapalli, Coimbatore
- Railways: The Indian Railways network is spread over some 64,000 km, with 12,000 passenger and 7,000 freight trains each day from 7,083 stations plying 23 million travelers and 2.65 million tonnes of goods daily
- Roadways: India’s road network of 4.1 million km is the second largest in the world. With the number of vehicles growing at an average annual pace of 10.16 per cent, Indian roads carry about 65 per cent of freight and 80 per cent of passenger traffic
- Waterways: 14, 500 km
- Major Ports of Entry: Chennai, Ennore, Haldia, Jawaharlal Nehru Port Trust (JNPT), Kolkata, Kandla, Kochi, Mormugao, Mumbai, New Mangalore, Paradip, Tuticorin and Vishakhapatnam.