The Indian Economy – Facts and Figures

Here are some interesting facts and figures about the Indian Economy as of 2010 :-

• The 11th largest economy in terms of GDP of $1.43 trillion.
• 4th largest economy as of PPP of $4 trillion.
• Inflation rate – 8.43% as of December, 2010.
• Population still below poverty line  – 37%.
• Workforce labor of approximately 500 million people, the 2nd largest.
• Unemployment – 9.4%.
• Exports of $210 billion last year, 17th largest.
• Imports of $327 billion last year, 11th largest.
• External debts of $237 billion.
• Foreign reserves of $300 billion.
• Ease of doing Business Rank – 134.
• Agricultural farm output 2nd largest in the world and employs 52% of the total workforce.
• The largest producer of milk, pulses and Jute.
• 2nd largest cattle population.
• 2nd largest producer of rice, wheat, sugarcane, cotton, silk, groundnuts and fresh fruits and vegetables.
• People without electricity – 600 million.
• 700 million people use mobile phones, 2nd largest.
• 3rd largest road network in the world.
• But, 65% of the workforce earns less than `20/ day.

By 2035 India will be the third largest economy just behind US and China.