India: Economy
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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 |
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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. |
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Trade
Source: United Nations Comtrade Note: Top 3 trade partners are calculated by imports + exports. |
Top 3 Trade Partners (2016): China, United States, and United Arab Emirates |
| Top Industries Source: CIA World Factbook | Textiles; Chemicals; Food Processing; Steel |
Gross Domestic Product (GDP) [1]
| GDP, PPP (current international) | $9,448,658,813,549 (2017) |
| GDP Growth Rate (annual %) | 6.624% (2017) |
| GDP Per Capita, PPP (current international) | $7,056 (2017) |
GDP Country Rank 3/195 (2017)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | 4.941% (2016) |
| External debt stocks, total (DOD, current US$) | $456,139,934,000 (2016) |
| Total tax rate (% of commercial profits) | 55.3% (2017) |
| Real Interest Rate (5 year average %) | 6.321% (2017) |
| Manufacturing, value added (% of GDP) | 14.996% (2017) |
| Current Account Balance (BoP, current US$) | ($39,072,571,848) (2017) |
Labor and Employment [1]
| Labor Force, Total | 520,194,130 (2017) |
| Employment in Agriculture (% of total employment) | 42.737% (2017) |
| Employment in Industry (% of total employment) | 23.787% (2017) |
| Employment in Services (% of total employment) | 33.476% (2017) |
| Unemployment Rate | 3.523% (2017) |
Trade [1]
| Imports of goods and services (current US$) | $565,594,851,915 (2017) |
| Exports of goods and services (current US$) | $490,079,429,668 (2017) |
| Total Merchandise Trade (% of GDP) | 28.705% (2017) |
| FDI, net inflows (BoP, current US$) | $39,978,394,935 (2017) |
| Commercial Service Exports (current US$) | $183,359,188,412 (2017) |
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.