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) | $8,700,621,810,824 (2016) |
| GDP Growth Rate (annual %) | 7.107% (2016) |
| GDP Per Capita, PPP (current international) | $6,571 (2016) |
GDP Country Rank 3/195 (2016)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | 4.941% (2016) |
| External debt stocks, total (DOD, current US$) | $456,139,934,000 (2016) |
| Total tax rate (% of commercial profits) | 55.3% (2017) |
| Real Interest Rate (5 year average %) | 5.849% (2016) |
| Manufacturing, value added (% of GDP) | 16.514% (2016) |
| Current Account Balance (BoP, current US$) | ($12,113,713,480) (2016) |
Labor and Employment [1]
| Labor Force, Total | 520,193,950 (2017) |
| Employment in Agriculture (% of total employment) | 42.737% (2017) |
| Employment in Industry (% of total employment) | 23.787% (2017) |
| Employment in Services (% of total employment) | 33.476% (2017) |
| Unemployment Rate | 3.523% (2017) |
Trade [1]
| Imports of goods and services (current US$) | $467,122,096,232 (2016) |
| Exports of goods and services (current US$) | $434,115,569,263 (2016) |
| Total Merchandise Trade (% of GDP) | 27.572% (2016) |
| FDI, net inflows (BoP, current US$) | $44,458,571,546 (2016) |
| Commercial Service Exports (current US$) | $161,234,423,697 (2016) |
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.