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 (2019): United States, China, and United Arab Emirates
Top 3 Exported Goods (2019): Oil & Mineral Fuels, Precious Stones & Metals, and Industrial Machinery

Top Industries Source: CIA World Factbook

Textiles; Chemicals; Food Processing; Steel

Gross Domestic Product (GDP) [1]

GDP, PPP (current international) $8,907,027,654,120 (2020)
GDP Growth Rate (annual %) -7.965% (2020)
GDP Per Capita, PPP (current international) $6,454 (2020)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 3/197 (2020)

GDP Composition %

Note: GDP composition percentage may exceed 100. Manufacturing is included in the Industry figures and is also reported separately because it plays a critical role in many economies.

Economic Indicators [1]

Inflation, consumer prices (annual %) 6.623% (2020)
External debt stocks, total (DOD, current US$) $560,034,518,483 (2019)
Total tax rate (% of commercial profits) 49.7% (2019)
Real Interest Rate (5 year average %) 4.38% (2020)
Manufacturing, value added (% of GDP) 12.962% (2020)
Current Account Balance (BoP, current US$) $33,006,863,208 (2020)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 471,688,990 (2020)
Employment in Agriculture (% of total employment) 41.49% (2020)
Employment in Industry (% of total employment) 26.183% (2020)
Employment in Services (% of total employment) 32.327% (2020)
Unemployment Rate 7.11% (2020)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $482,453,177,014 (2020)
Exports of goods and services (current US$) $474,145,930,753 (2020)
Total Merchandise Trade (% of GDP) 24.71% (2020)
FDI, net inflows (BoP, current US$) $50,610,647,354 (2019)
Commercial Service Exports (current US$) $202,600,054,998 (2020)
Click on a row to display its 5-year graph on the right.

Economic Snapshot [1]

Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.

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

Sources

  1. The World Bank