Indian Economy at a Glance-2017

The economy of India is the sixth-largest in the world measured by nominal GDP and the third-largest by purchasing power parity (PPP). The country is classified as a newly industrialised country, and one of the G-20 major economies, with an average growth rate of approximately 7% over the last two decades.
Indian Economy at a Glance
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Indian Economy at a Glance

Fiscal year- 1 April  – 31 March
Trade organisations - WTO, G-20 and others
Total GDP - $2.454 trillion (nominal; 2017) and $9.489 trillion (PPP; 2017)
GDP rank - 6th (in nominal); and 3rd (in PPP)
GDP growth rate 7.2% (2017)
GDP per capita - $1,850 (nominal est.; 2017) and $7,153 (PPP est; 2017)
GDP per capita rank- 141st (in nominal) and 123rd (in PPP)


➤ GDP by sector
    ➥Agriculture: 17.32%
    ➥Industry: 29.02%
    ➥Services: 53.66% (2016 est.)

Gini coefficient - 33.9 (2013)
Labour force - 510 million (2016)


➤ Labour force by occupation
      ➥Agriculture: 47%
      ➥Industry: 22%

      ➥Services: 31% (FY 2014 est.)

Unemployment               
      ➥4.9% Urban
      ➥5.1% Rural
      ➥5.0% National (2016, Labour Bureau)

Exports $264 billion (2016)
Export goods - Agricultural products 13.2%, Fuels and mining products 15.7%, Manufacturers 68.4%, Others 2.7%.(Update- 2016)
India's top Export goods
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➤ Main export partners
     ➥European Union 17.6%
     ➥United States 16.1%
     ➥United Arab Emirates 11.5%
     ➥Hong Kong 5.1%
     ➥China 3.4%
     ➥Other 46.3%

Imports - $359 billion (2016)
India's top Imports goods
Fig Source

Import goods - Agricultural products 7.1%, Fuels and mining products 33.1%, Manufacturers 47.8%, Other 12% (Update- 2016)


➤ Main import partners
     ➥China 17%
     ➥European Union 11.3%
     ➥United States 5.7%
     ➥United Arab Emirates 5.4%
     ➥Saudi Arabia 5.2%
     ➥Other 55.5%.


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Indian Economy at a Glance-2017 Indian Economy at a Glance-2017 Reviewed by Geography for you on 12:03 PM Rating: 5
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