Indian economy

Indian economy

IntroductionImport and exportEconomic sectors in IndiaExternal trade and investmentEconomic growth issues11th five year planContentLocation :AsiaCapital: DelhiIndia :developing countryRank: 11th (nominal) / 3rd (PPP) Currency: 1 Indian Rupee (INR) () = 100 PaisaTrade organizations: WTO, G-20 and othersIndian economyGDP growth 6.5% (FY 2012)GDP per capita $1,389 (nominal: 140th; 2011)Inflation 9.25% (June 2012)Unemployment 9.8% (2011 est.)Main industries telecommunications, textiles, chemicals, food processing, steel, transportation equipment, cement, mining, petroleum, machinery, software, pharmaceuticals

StatisticsExport goods petroleum products, precious stones, machinery, iron and steel, chemicals, vehicles, apparelImport goods crude oil, precious stones, machinery, fertilizer, iron and steel, chemicalsMain export partners US 12.6%, UAE 12.2%, China 8.1%, Hong Kong 4.1% (2009)Main import partners China 12.4%, UAE 6.5%, Saudi Arabia 5.8%, US 5.7%, Australia 4.5% (2009)Import exportIndustry and services Textile Services Retail Tourism Mining Agriculture Banking and finance

Economy operating sectors

External trade and investment Global trade relationsBalance of payments Foreign direct investment

A map showing regions for Indian exportsGlobal trade relations

Balance of payments

Foreign Direct InvestmentOrganization Estimated GDP growth rate Month of projection International Monetary Fund 6.1% July 2012 World Bank 6.9% June 2012 Asian Development Bank 6.5% July 2012 Bank of America- Merrill Lynch6.5% May 2012 HSBC 6.2% June 2012 Standard Chartered 6.2% June 2012 Centre for Monitoring Indian Economy 7.2% July 20Indian economic growth issuesThe economy of India is based in part on planning through its five-year plans, which are developed, executed and monitored by the Planning CommissionFive year plans

The eleventh plan has the following objectives:Income & Poverty Education Health Women and Children Infrastructure Target growth:8.33% achieved:7.94%

11th five year plan