|
General Information
 India is a Union of States with parliamentary system of Government
Land area: 3.29 million square kilometers
Capital: New Delhi
Population: 1.027 billion (March 1, 2001)
Climate: mainly tropical with temperature ranging from 10o – 40o C in most parts
Time zone: GMT + 5 1/2 hours
Major international airports: New Delhi, Mumbai, Chennai, Kolkata, Bangalore, Hyderabad, Thiruvananthapuram
Major ports of entry: Chennai, Ennore, Haldia, Jawaharlal Nehru, Kolkata, Kandla, Kochi, Mormugao, Mumbai, New Mangalore, Paradip and Tuticorin, Vizag
back to top
Basic Economic Statistics
GDP at current prices (2007-08): $ 1.16 trillion
GDP (PPP) (2006) = US $4156 (5th largest in the world)
GDP growth rate (2007-08) : 9%
Exchange rate: Rs.49.77/$ (as on October 29, 2008)
Foreign Exchange reserves: US $273.89 billion (as on 17.10.2008)
Exports (2007-08): US $159 billion, Growth Rate: 25.8 %
Imports (2007-08): US $239.65 billion, Growth Rate : 29%
Foreign Direct Investment (2007-08): US $32.44
Portfolio Investment (2007): US $17.23 billion
back to top
Investment Outlook
A number of studies in the recent past have highlighted the growing attractiveness of India as an investment destination. According to the study by Goldman Sachs, Indian economy is expected to continue growing at the rate of 5% or more till 2050. Indian economy is slated to become the fourth largest economy by 2050. Some other conclusions are listed below:
2nd most attractive destination - ATKEARNEY Business Confidence Index, 2007>
India can sustain 10% growth rate-OECD Survey, 2007
India is the second most attractive location for foreign direct investment- UNCTAD's World Investment Report, 2008
PriceWaterHouseCoopers report, March 2008 states that India will be 90% of the US economy by 2050
|
