Basic Economic Statistics
Investment Outlook
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
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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
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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
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