Expand your Business in India
Posted in News

ECONOMY

The Indian economy is rapidly integrating with the world economy. A foreign investor who wishes to undertake business in India will find tremendous opportunities. The country’s industrial policy offers a great deal of freedom to businesses and entrepreneurs to make their own investment decisions.

India has gone through close to two decades of economic reforms. Continuity in the economic liberalisation process and the political consensus which economic change necessitates has placed India on a growth path.

Overview of economic statistics

2013–14 2014–15

  • Gross domestic product (GDP) USD 1,585.10 billion USD 1,702.66 billion
  • GDP – growth rate 6.9% 7.4%
  • Industrial sector – growth rate 4.5% 5.9%
  • Agricultural sector – growth rate 3.7% 1.1%
  • Services sector – growth rate 9.1% 10.6
  • Exports
  • Export growth
  • USD 318.61 billion
  • 4.7%
  • USD 166.97 billion

(Apr – Sept)

  • Imports
  • Import growth
  • USD 466.22 billion
  • -8.3%
  • USD 240.19 billion

(Apr – Sept)

  • Balance of payments USD 15.51 billion USD 18.08 billion

(Apr – Sept)

  • Foreign exchange reserves

End March

11 September 2015

  • USD 304.20 billion
  • USD 314.18 billion

26 September 2014

  • USD 341.38 billion
  • USD 351.39 billion
  • Exchange rate (US dollar to INR)

At 31 March

24 September 2015

  • INR 59.76
  • INR 61.57

At 26 September

  • INR 62.59
  • INR 65.97

SECTOR 2013–14

  • USD BILLION

2013–14

  • % OF TOTAL

2014–15

  • USD BILLION

2014–15

  • % OF TOTAL
  • Services (financial and nonfinancial) 2.23 9.18 3.25 10.51
  • Telecommunications (radio paging, cellular mobile, basic telephone services) 1.31 5.39 2.90 9.38
  • Trading 1.34 5.51 2.76 8.92
  • Automobile industry 1.52 6.26 2.57 8.31
  • Computer software and hardware 1.13 4.65 2.20 7.11
  • Drugs and pharmaceuticals 1.28 5.27 1.52 4.91

Construction development:

  • Townships, housing, built-up infrastructure 1.23 5.06 0.76 2.46
  • Power 1.07 4.40 0.66 2.13
  • Metallurgical industries 0.57 2.35 0.47 1.52
  • Chemicals (other than fertilisers) 0.88 3.62 0.70 2.26

Total (Top 10) 12.56 51.69 17.79 57.51

Total FDI

 

Manager’s Office
Financial Dept

 

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