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Indian Economy has significantly grown in the recent
years. Both social and economic indicators have reflected their respective
positive impact for the development of the Economy. In the Social sector the
best example today is 108 million children attend primary schools in india
by
making the country’s education system the second largest in the world after
China. In the economic sector Gross Domestic Product (GDP) in nominal terms of
US$692 billion in 2004, has made the country the world’s tenth largest economy.
Real GDP grew by 6.9 percent in 2004/05 compared to 8.5 percent a year earlier.
Prospects for real GDP growth for 2005-06 is 6.5 to 7 percent. External
position of the economy is becoming significantly stronger. Exports have grown,
especially exports of services, which grew by 105 percent in 2004-05. Growth in
services has largely been fueled by the information technology boom in which
India is emerging as a world leader.
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POVERTY AND SOCIAL
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India
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South Asia
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Low - Income Countries
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POPULATION, mid year (millions) 2004
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1,079.7
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1,448
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2338
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Average Annual
Growth, 1998-04
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Population (%)
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1.6%
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1.7%
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1.8%
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Labour force
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2.1%
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2.1%
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2.1%
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Poverty In India (% of population below national poverty line)
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29
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-
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-
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Urban Population (% of total population)
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29
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28
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30
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Life expectancy at birth (years)
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63
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63
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58
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Infant mortality rate (per 1000 births)
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65
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66
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79
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Child Malnutrition (% of children under 5)
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47
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48
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44
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Acess to an improved water source
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84
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84
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75
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Illiteracy
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39
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41
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39
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Gross primary enrollment (% of school age pop)
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99
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97
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94
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Male
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107
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105
|
101
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Female
|
90
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92
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88
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Some More
Indicators On People
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Population Growth
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1.5 for the year 2003-04
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Fertility Rate (births per woman)
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2.9 for the year (2002-03)
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Child immunization, measales (% of under 12 mos)
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67 for the year (2002-03)
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Technology
And Infrastructure
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Fixed lines and mobile telephones (per 1000 people)
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51.9 (for the year 2002-03)
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Personal computers (per 1000 people)
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7.2 (for the year 2002-03)
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Internet users
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16.6 million (for the year 2002-03)
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Key Economic
Long Term Trends
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1984
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1994
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2003
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2004
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GDP (US $ billions)
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206.5
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322.6
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600.7
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(Average annual growth)
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1984-94
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1994-04
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2003
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2004
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GDP
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5.4
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5.8
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8.6
|
6.9
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GDP per capita
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3.3
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4.1
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7
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5.4
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Exports of goods and services
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9
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12.8
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4.9
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8
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Structure Of
The Economy
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(% Of GDP)
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1984
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1994
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2003
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2004
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Agriculture
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35.2
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30.4
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22.8
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21.2
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Industry
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26.2
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27.1
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26.4
|
27
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Manufacturing
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16.4
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16.9
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15.6
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16.1
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Services
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38.7
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42.5
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50.7
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51.8
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Average
Annual Growth
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|
1984-94
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1994-04
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2003
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2004
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Agriculture
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3.4
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2
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9.6
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1.1
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Industry
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6.3
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5.6
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7.0
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7.7
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Manufacturing
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6.2
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5.6
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6.9
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7.7
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Services
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6.7
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8.2
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8.9
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8.9
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Prices And
Government Finance
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1984
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1994
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2003
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2004
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Consumer prices
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4.3
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7.6
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3.7
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6.6
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Government
Finance
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( % of GDP, includes current grants )
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1994
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2003
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2004
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Overall surplus/ Deficit
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-7.5
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-9.3
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-10.6
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Trade
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( US $ millions )
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1984
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1994
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2003
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2004
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Total Exports (fob)
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10,061
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26,855
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62,952
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76,345
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Total imports (cif)
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15,715
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35,904
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79,658
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99,836
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Balance of
Payments
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(US $ millions)
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1984
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1994
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2003
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2004
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Current Account Balance
|
-2899
|
-3785
|
8160
|
2141
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Financing items (net)
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2516
|
9526
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8820
|
19655
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Changes In Net Reserves
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383
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-5741
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-16980
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-21795
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Source – World Bank
Poverty In India
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Indian Agriculture
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China Agriculture
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American Agriculture
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