Some economic facts about India
India GDP (purchasing power parity) stood at around $2965 billion, as per CIA’s 2007 estimates, of which services accounted for maximum percentage, followed by industry and agriculture. As per CIA estimates, total Indian exports totaled $140.8 billion and total imports totaled about $224 billion.
Inflation in India rose to more than 11 percent in July 2008. But due to government measures and role played Reserve Bank of India, inflation was brought down to about 6 percent. Earlier in 2007, average inflation was around 5.3 percent.
Foreign direct investment
With economic liberalization of India in 1990s, this nation began to generate a lot of interest among foreign investors. A rapidly developing economy coupled with national government’s favorable attitude towards foreign investors, have generated a lot of revenue for India vis-à-vis foreign direct investments.