India: Economy
|
Income Level (by per capita GNI) Source: The World Bank Possible values: High Income, Upper Middle Income, Lower Middle Income and Low Income |
Lower Middle Income |
|
Level of Development
Source: United Nations Possible values: Developed, In Transition and Developing |
Developing |
| 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 (2021): United States, China, and United Arab Emirates |
| Top Industries Source: CIA World Factbook | Textiles; Chemicals; Food Processing; Steel |
Gross Domestic Product (GDP) [1]
| GDP, PPP (current international) | $11,874,582,571,979 (2022) |
| GDP Growth Rate (annual %) | 7.003% (2022) |
| GDP Per Capita, PPP (current international) | $8,379 (2022) |
GDP Country Rank 3/197 (2022)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | 6.699% (2022) |
| External debt stocks, total (DOD, current US$) | $612,865,853,448 (2021) |
| Total tax rate (% of commercial profits) | 49.7% (2019) |
| Real Interest Rate (5 year average %) | 0.23% (2022) |
| Manufacturing, value added (% of GDP) | 13.319% (2022) |
| Current Account Balance (BoP, current US$) | ($80,433,190,824) (2022) |
Labor and Employment [1]
| Labor Force, Total | 523,839,158 (2022) |
| Employment in Agriculture (% of total employment) | 43.96% (2021) |
| Employment in Industry (% of total employment) | 25.34% (2021) |
| Employment in Services (% of total employment) | 30.7% (2021) |
| Unemployment Rate | 7.33% (2022) |
Trade [1]
| Imports of goods and services (current US$) | $911,389,965,030 (2022) |
| Exports of goods and services (current US$) | $759,933,646,324 (2022) |
| Total Merchandise Trade (% of GDP) | 34.765% (2022) |
| FDI, net inflows (BoP, current US$) | $49,915,506,925 (2022) |
| Commercial Service Exports (current US$) | $308,675,857,072 (2022) |
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.