India: Economy

Economic Trivia

India has the third largest economy in terms of PPP in the world.

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Top 3 Trade Partners (2014): China, United States, and United Arab Emirates
Top 3 Exported Goods (2014): Oil & Mineral Fuels, Precious Stones & Metals, and Motor Vehicles & Parts

Top Industries Source: CIA World Factbook

Textiles; Chemicals; Food Processing; Steel

Gross Domestic Product (GDP) Source: The World Bank

GDP, PPP (current international) $7,384,098,903,974 (2014)
GDP Growth Rate (annual %) 7.286% (2014)
GDP Per Capita, PPP (current international) $5,701 (2014)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 3/193 (2014)

Economic Indicators Source: The World Bank

Inflation, consumer prices (annual %) 6.353% (2014)
External debt stocks, total (DOD, current US$) $427,561,868,000 (2013)
Total tax rate (% of commercial profits) 60.6% (2015)
Real Interest Rate (5 year average %) 6.179% (2014)
Manufacturing, value added (% of GDP) 17.052% (2014)
Current Account Balance (BoP, current US$) ($27,451,645,078) (2014)
Click on a row to display its 5-year graph on the right.

Labor and Employment Source: The World Bank

Labor Force, Total 496,960,163 (2014)
Employment in Agriculture (% of total employment) 49.7% (2013)
Employment in Industry (% of total employment) 21.5% (2013)
Employment in Services (% of total employment) 28.7% (2013)
Unemployment Rate 3.6% (2014)
Click on a row to display its 5-year graph on the right.
Imports of goods and services (current US$) $522,669,111,704 (2014)
Exports of goods and services (current US$) $475,029,944,247 (2014)
Total Merchandise Trade (% of GDP) 38.302% (2014)
FDI, net inflows (BoP, current US$) $33,871,408,468 (2014)
Commercial Service Exports (current US$) $155,627,562,941 (2014)
Click on a row to display its 5-year graph on the right.

How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, India’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment

Glossary