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.

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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)

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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)

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➽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%.

 Source

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