Economy of India
Population: 1,352.62 M (2018)
GDP per Capita: 2,010 USD (2018)
2,719 B.

GDP USD

(2018)

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536,620 M.

EXPORTS USD

(2018)

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642,700 M.

IMPORTS USD

(2018)

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67.70 %

PUBLIC DEBT

(2019)

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Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 6.81 % (2018)
GDP of 2010 USD USD 2,841.60 B. (2018)
GDP Current USD USD 2,718.73 B. (2018)
GDP per Capita Current USD USD 2,010 (2018)
GDP per capita, PPP USD 6,888 (2018)
GDP per Capita, 2010 USD USD 2,101 (2018)

Government spending and balances

Indicator Value
Government Spending % GDP 11.23 % (2018)
Government Spending USD 305.28 B. (2018)
Government Debt % GDP 67.70 % (2019)

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 98.17 (2018)
Trade Openness 43.38 % (2018)
Exports of Goods and Services % GDP 19.74 % (2018)
Exports Goods & Services USD 536.62 B. (2018)
Exports Annual Growth 12.53 % (2018)
Imports as % GDP 23.64 % (2018)
Total Imports USD 642.70 B. (2018)
Foreign Direct Investment % GDP 1.55 % (2018)
Foreign Direct Investment USD 42.12 B. (2018)
Current Account Balance % GDP USD -2.41 % (2018)
Current Account Balance USD -65.60 B. (2018)
Trade Balance % GDP -3.90 % (2018)
Trade Balance USD -105.92 B. (2018)
Foreign Exchange Reserves incl Gold USD 399.17 B. (2018)
Remittances % GDP 2.90 % (2018)
Remittances USD 74,080 M. (2018)
Balance of Payments USD 1,225 M. (2018)

Labor Market

Indicator Value
Labor Force 519.47 M. (2019)
Unemployment Rate 2.55 % (2019)
Unemployment Rate Females 5.23 % (2019)
Unemployment Rate Males 5.39 % (2019)
Youth Unemployment (ages 15-24) 10.51 % (2019)
Labor Force Participation Rate 51.81 % (2019)
Labor Force (Percent Female) 20.08 % (2019)
Female Labor Force Participation Rate 23.41 % (2019)
Male Labor Force Participation Rate 78.57 % (2019)
Dependent People 49.78 % (2018)

Agriculture Sector

Indicator Value
Forest Area 23.80 % (2016)
Forest Area km² 708,604 km² (2016)
Agricultural Land 60.45 % (2016)
Agricultural Land km² 1,797,210 km² (2016)
Employment 43.21 % (2019)
Value added % GDP 14.60 % (2018)
Agriculture Value added USD 396.99 B. (2018)
Crop Production Index 142.80 (2016)
Precipitation 1,083 mm (2014)
Arable Land 53 % (2016)
Cereal Yield 3,161 kg/hectare (2017)
Food production index 144 (2016)
Rural Population 66 % (2018)
Fertilizer use of Arable Land 166 kg/hectare (2016)
Livestock Production Index 153 (2016)
Economy of India

According to the World Bank and its latest published data, the economy of the India presents a growth rate of 6.81 % (2018) to the previous year.

With a population that reaches 1,352.62 M (2018) and a gross domestic product of USD 2,718.73 B. (2018), it translates a Gross Domestic Product per Capita of USD 2,010 placing its inhabitants on the threshold of an Lower middle income country (according to the World Bank's updated classification).

India also has a workforce of 519.47 M. (2019) with an unemployment rate of 2.55 % (2019), where women represent 5.23 % (2019) and men 5.39 % (2019), the unemployment rate for young people between 15-24 years old stood at 10.51 % (2019). The total number of dependent people stands at 49.78 % (2018).

The central government spent 11.23 % (2018) of its gross domestic product that year, which in absolute terms is USD 305.28 B. (2018). Its consolidated public debt reached 67.70 of its GDP, exceeding the 35% risk limit used by the European Union.

Regarding its international trade, India exported USD 536.62 B. (2018), which represents 19.74 % (2018) of its gross domestic product, in that same sense its imports reached USD 642.70 B. (2018) with a direct foreign investment of USD 42.12 B. (2018).

India has a forest area of 708,604 km² (2016), which represents 23.80 % (2016) of its total area, an average rainfall of 1,083 mm (2014) per year and a population of 66 % (2018) living in rural areas. With a total area of 1,797,210 km² (2016) available for agriculture and 43.21 % (2019) of its employments, the agricultural sector contributes to the economy of the India about USD 396.99 B. (2018) (14.60 % (2018) of its GDP).