ECON FACTBOOK

Home About

Economy of India

Population: 1.25 billion in 2012¹

GDP: $1.88 trillion in 2013²

GDP per capita: $1,499 nominal³ ($5,410 PPP⁴) in 2013

GDP growth rate: 5.8% in 2014⁵

Industries

GDP by Industry 2013⁶

Industry sector	Value added ($ billions) 2012	Percent of total
Other activities	547	30.6%
Wholesale, retail trade, restaurants and hotels	323	18.0%
Agriculture, hunting, forestry, fishing	314	17.5%
Manufacturing	258	14.4%
Construction	147	8.2%
Transport, storage and communication	128	7.1%
Mining and utilities	74	4.1%
Total value added	1,790	100%

Employment

Unemployment rate: 3.6% in 2013⁷

Employment by Industry 2012⁸

Employment sector	Percent of total
Agriculture	49%
Services	31%
Industry	20%

Corporations

Top 8 Corporations by Revenue 2013* ⁹

Rank	Corporation	Revenue ($ billions) 2013	Profit ($ billions) 2013	Assets ($ billions) 3/31/14	Industry
1	Indian Oil	79	1.1	43	Energy
2	Reliance Industries	64	3.5	59	Energy
3	Bharat Petroleum	42	0.6	14	Energy
4	Hindustan Petroleum	37	0.3	12	Energy
5	Tata Motors	37	2.2	35	Automobiles
6	Oil & Natural Gas	28	4.2	52	Energy
7	State Bank of India	25	1.7	341	Finance
8	Tata Steel	25	0.6	27	Steel

* Corporate data calculated using the exchange rate 62.51 INR = 1 USD

Households

Household Wealth: $3.60 trillion (191% of GDP) in 2014¹⁰

Household Wealth per Adult: $4,645 in 2014¹⁰

Gini Coefficient: .336 in 2012¹¹

Government

Central Government

Central Government Revenue: $181 billion (10% of GDP) in 2013¹²

Central Government Expenditure: $282 billion (15% of GDP) in 2013¹²

Central Government Budget Balance: -$101 billion (-5% of GDP) in 2013¹²

Central Government Public Debt: $794 billion (42% of GDP) Sept 30, 2014* ¹³

Central Government 10 Year Bond Interest Rate: 7.85% on Jan 11, 2015¹⁴

* Public debt calculated using the exchange rate 62.51 INR = 1 USD

Public Funds

N/A

Tax Structure

Personal Income Tax Rates and Thresholds in 2013* ¹⁵

0%: $0-$3,199
10%: $3,199-$7,998
20%: $7,998-$15,997
30%: $15,997+

Corporate Tax Rate: 34% in 2014¹⁶

* Thresholds calculated using the exchange rate 62.51 INR = 1 USD

Monetary Policy

Monetary Supply (M1): $340 billion (18% of GDP) in Sept 2014* ¹⁷

Benchmark Interest Rate: 7.75% on Jan 17, 2015¹⁸

Total Reserves: $298 billion (16% of GDP) in 2013¹⁹

Exchange Rate: 60.51 Indian Rupees = 1 U.S. Dollar on Jan 11, 2015²⁰

Inflation: 5.4% in Feb 2015²¹

* Money supply calculated using the exchange rate 62.51 INR = 1 USD

Financial Institutions

Top 10 Financial Institutions by Assets 2013²²

N/A (data not available at Relbanks.com)

International Accounts

Exports: $313 billion (17% of GDP) in 2013²³

Imports: $467 billion (25% of GDP) in 2013²³

Trade Balance: -$154 billion (-8% of GDP) ²³

Foreign Direct Investment Inflow: $28 billion (1% of GDP) in 2013²⁴

Foreign Direct Investment Outflow: $1.8 billion (0.1% of GDP) in 2013²⁴

Foreign Aid Inflow: $1.7 billion (0.1% of GDP) in 2012²⁵

Foreign Aid Outflow: $1.1 billion (0.1% of GDP) in 2013²⁵

References

^{1. Source: World Bank Indicators (Population) Go back}
^{2. Source: World Bank Indicators (GDP) Go back}
^{3. Source: World Bank Indicators (GDP per capita) Go back}
^{4. Source: World Bank Indicators (GDP per capita PPP) Go back}
^{5. Source: IMF World Economic Outlook (GDP growth rate) Go back}
^{6. Source: United Nations Statistics Division (GDP by industry) Go back}
^{7. Source: World Bank Indicators (Unemployment rate) Go back}
^{8. Source: CIA World Factbook (Employment by economic activity) Go back}
^{9. Source: Annual reports (Corporate data) Go back}
^{10. Source: Credit Suisse Global Wealth Databook (Household wealth) Go back}
^{11. Source: CIA World Factbook (Gini coefficient) Go back}
^{12. Source: CIA World Factbook (Government budget) Go back}
^{13. Source: India Ministry of Finance (Public debt) Go back}
^{14. Source: Bloomberg (Government bond yield) Go back}
^{15. Source: Ernst and Young (Individual tax rates) Go back}
^{16. Source: Tax Foundation (Corporate tax rate) Go back}
^{17. Source: Federal Reserve Economic Data (Money supply) Go back}
^{18. Source: Reserve Bank of India (Benchmark interest rate) Go back}
^{19. Source: World Bank Indicators (Total reserves) Go back}
^{20. Source: Yahoo Finance (Exchange rate) Go back}
^{21. Source: Business Standard (Inflation rate) Go back}
^{22. Source: Relbanks.com (Financial institutions by assets) Go back}
^{23. Source: CIA World Factbook (Trade data) Go back}
^{24. Source: OECD FDI in Figures (FDI data) Go back}
^{25. Source: Global Humanitarian Assistance (Aid data) Go back}