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 (2016): China, United States, and United Arab Emirates
Top 3 Exported Goods (2016): Precious Stones & Metals, Oil & Mineral Fuels, and Motor Vehicles & Parts

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)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 3/195 (2017)

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 %) 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)
Click on a row to display its 5-year graph on the right.

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)
Click on a row to display its 5-year graph on the right.

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)
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