Economy_of_India/temp Economy_of_India/temp

Economy of India/temp - Definition and Overview

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Economy of India 1
Currency 1 Indian Rupee (Re) = 100 paise
Fiscal year 1 April - 31 March
Trade Organisations SAFTA, ASEAN and WTO
Statistics
GDP Ranking 4th
GDP $3.033 trillion
GDP real growth rate 8.3%
GDP per Capita $2,900
GDP by sector agriculture (23.6%), industry (28.4%), services (48%)
Inflation rate 3.8%
Population below poverty line 25%
Labour force 472 million
Labour force by occupation (1999) agriculture (60%), industry (17%), services (23%)
Unemployment rate 9.5%
Agriculture products rice, wheat, oilseed, cotton, jute, tea, sugarcane, potatoes; cattle, water buffalo, sheep, goats, poultry; fish
Main Industries textiles, chemicals, food processing, steel, transportation equipment, cement, mining, petroleum, machinery, software
External Trade
Imports (2003) $74.15 billion
Major Imported commodities crude oil, machinery, gems, fertilizer, chemicals
Main Partners (2003) USA 6.4%, Belgium 5.6%, UK 4.8%, China 4.3%, Singapore 4%
Exports $57.24 billion
Major Exported Commodities textile goods, gems and jewelry, engineering goods, chemicals, leather manufactures
Main Partners (2001) USA 20.6%, China 6.4%, UK 5.3%, Hong Kong 4,8%, Germany 4.4%
Public Finances
Public Debt $1.810701 billion (59.7% of GDP)
External Debt $101.7 billion
Revenues $86.69 billion
Revenue Expenditure $101.1 billion
Capital Expenditure $13.5 billion
Economic Aid receipts (1998/99) $2.9 billion
Contents

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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South Asia Free Trade Agreement (SAFTA)
Bangladesh | Bhutan | India | Maldives | Nepal | Pakistan | Sri Lanka
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