28, Mar 2015, EDT. Welcome to the India economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.
Economic Indicators For: India › Change country
National or Regional Currency: Indian Rupee, INR
Year of data: 2014 › Change year
Number of Indicators Listed: 37
Full Dataset: From Year 1980 to 2019
Date of Last Update: 17th March 2015
Population: 1,236,344,631 (July 2014 est.)
Area: total: 3,287,263 sq km ; land: 2,973,193 sq km ; water: 314,070 sq km
Natural Resources: coal (fourth-largest reserves in the world), iron ore, manganese, mica, bauxite, rare earth elements, titanium ore, chromite, natural gas, diamonds, petroleum, limestone, arable land
Capital: name: New Delhi ; geographic coordinates: 28 36 N, 77 12 E ; time difference: UTC+5.5 (10.5 hours ahead of Washington, DC, during Standard Time)
India is developing into an open-market economy, yet traces of its past autarkic policies remain. Economic liberalization measures, including industrial deregulation, privatization of state-owned enterprises, and reduced controls on foreign trade and investment, began in the early 1990s and served to accelerate the country's growth, which averaged under 7% per year from 1997 to 2011. India's diverse economy encompasses traditional village farming, modern agriculture, handicrafts, a wide range of modern industries, and a multitude of services. Slightly less than half of the work force is in agriculture, but, services are the major source of economic growth, accounting for nearly two-thirds of India's output with less than one-third of its labor force. India has capitalized on its large educated English-speaking population to become a major exporter of information technology services, business outsourcing services, and software workers. India's economic growth began slowing in 2011 because of a decline in investment, caused by high interest rates, rising inflation, and investor pessimism about the government's commitment to further economic reforms and about the global situation. In late 2012, the Indian Government announced additional reforms and deficit reduction measures, including allowing higher levels of foreign participation in direct investment in the economy. The outlook for India's long-term growth is moderately positive due to a young population and corresponding low dependency ratio, healthy savings and investment rates, and increasing integration into the global economy. However, India has many challenges that it has yet to fully address, including poverty, corruption, violence and discrimination against women and girls, an inefficient power generation and distribution system, ineffective enforcement of intellectual property rights, decades-long civil litigation dockets, inadequate transport and agricultural infrastructure, limited non-agricultural employment opportunities, high spending and poorly-targeted subsidies, inadequate availability of quality basic and higher education, and accommodating rural-to-urban migration. Growth in 2013 fell to a decade low, as India's economic leaders struggled to improve the country's wide fiscal and current account deficits. Rising macroeconomic imbalances in India and improving economic conditions in Western countries, led investors to shift capital away from India, prompting a sharp depreciation of the rupee. However, investors' perceptions of India improved in early 2014, due to a reduction of the current account deficit and expectations of post-election economic reform, resulting in a surge of inbound capital flows and stabilization of the rupee.
More on the India Economy
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GDP (Constant Prices, National Currency) for India in year 2014 is INR 65,445.90 Billion.
GDP (Current Prices, National Currency) for India in year 2014 is INR 128,726.89 Billion.
GDP (Current Prices, US Dollars) for India in year 2014 is US$ 2,047.81 Billion.
GDP Deflator for India in year 2014 is 196.692 (Index, Base Year as per country's accounts = 100).
GDP Per Capita (Constant Prices, National Currency) for India in year 2014 is INR 51,953.78 .
GDP Per Capita (Current Prices, National Currency) for India in year 2014 is INR 102,188.97 .
GDP Per Capita (Current Prices, US Dollars) for India in year 2014 is US$ 1,625.64 .
GDP (PPP), US Dollars for India in year 2014 is US$ 7,277.28 Billion.
GDP Per Capita (PPP), US Dollars for India in year 2014 is US$ 5,777.02 .
Investment (% of GDP) for India in year 2014 is 32.165 %.
Inflation, Average Consumer Prices (Indexed to Year 2000) for India in year 2014 is 250.026 (Index, Base Year 2000 = 100).
Inflation, End of Year (Indexed to Year 2000) for India in year 2014 is 255.256 (Index, Base Year 2000 = 100).
Population for India in year 2014 is 1,259.70 Million .
General government revenue (National Currency) for India in year 2014 is INR 25,067.45 Billions.
General government total expenditure (National Currency) for India in year 2014 is INR 34,365.45 Billions.
Total Government Net Lending/ Borrowing (National Currency) for India in year 2014 is INR -9,298.00 Billions.
General Government Structural Balance (National Currency) for India in year 2014 is INR -9,147.80 Billion.
Fiscal Year Gross Domestic Product, Current Prices for India in year 2014 is INR 128,726.89 Billions.
Current Account Balance (US Dollars) for India in year 2014 is US$ -42.548 Billion.
|Number of Internet Users for India|
|Internet Penetration Rate for India|
|Number of Facebook Accounts for India|
|Facebook Penetration Rate for India|
|Corruption Perceptions Index Rank and Score for India|
Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook, Internet World Statistics, The Heritage Foundation and Transparency International