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| Economy of India 1
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| Currency
| 1 Indian Rupee (Re) = 100 paise
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| Fiscal year
| 1 April - 31 March
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| Trade Organisations
| SAFTA, ASEAN and WTO
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| Statistics
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| GDP Ranking
| 4th
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| GDP
| $3.033 trillion
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| GDP real growth rate
| 8.3%
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| GDP per Capita
| $2,900
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| GDP by sector
| agriculture (23.6%), industry (28.4%), services (48%)
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| Inflation rate
| 3.8%
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| Population below poverty line
| 25%
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| Labour force
| 472 million
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| Labour force by occupation (1999)
| agriculture (60%), industry (17%), services (23%)
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| Unemployment rate
| 9.5%
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| Agriculture products
| rice, wheat, oilseed, cotton, jute, tea, sugarcane, potatoes; cattle, water buffalo, sheep, goats, poultry; fish
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| Main Industries
| textiles, chemicals, food processing, steel, transportation equipment, cement, mining, petroleum, machinery, software
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| External Trade
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| Imports (2003)
| $74.15 billion
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| Major Imported commodities
| crude oil, machinery, gems, fertilizer, chemicals
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| Main Partners (2003)
| USA 6.4%, Belgium 5.6%, UK 4.8%, China 4.3%, Singapore 4%
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| Exports
| $57.24 billion
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| Major Exported Commodities
| textile goods, gems and jewelry, engineering goods, chemicals, leather manufactures
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| Main Partners (2001)
| USA 20.6%, China 6.4%, UK 5.3%, Hong Kong 4,8%, Germany 4.4%
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| Public Finances
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| Public Debt
| $1.810701 billion (59.7% of GDP)
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| External Debt
| $101.7 billion
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| Revenues
| $86.69 billion
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| Revenue Expenditure
| $101.1 billion
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| Capital Expenditure
| $13.5 billion
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| Economic Aid receipts (1998/99)
| $2.9 billion
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History
Pre-Colonial period
The Indus Valley Civilization, the first known permanent and largely urban settlement that flourished between 2800 BC to 1800 BC boasted of an advanced and thriving economic system. It's citizens practiced agriculture, domesticated animals, made tools and weapons from copper, bronze and tin and traded with other cities. Evidence of well laid streets, layouts, drainage system and water supply in the valley's major cities, Mohenjo-daro, Rakhigarhi and Harappa reveals their knowledge of urban planning.
British Rule
Post-Independence & Pre-Liberalisation
Nehru Era
Indira Gandhi rule
Other Periods
Post-Liberalisation
Initial Period
Third Front rule
NDA Rule
Future
Government's role in the economy
Concept of state Planning
Mixed Economy
Regulatory framework
Subsidy & Welfare
Institutional Framework
Bridging the economic divide
Determinants
Geography
Population
Administrative/Political Issues
Culture
Colonialism
Sectors
Agriculture
Manufacturing
Services
Investment and Banking
Poverty in India
Regional Overview
East
North
North-East
South
West
Global trade relations
SAARC
USA
ASEAN
Europe
Russia
References
External links
Notes
Note 1: Data is for 2004 and is taken from the CIA factbook for India (http://www.cia.gov/cia/publications/factbook/geos/in.html) unless otherwise specified
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