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INDIA
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INDIA
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India has emerged as the fastest growing major economy in the world as per the Central Statistics Organisation (CSO) and International Monetary Fund (IMF). The Government of India has forecasted that the Indian economy will grow by 7.1 per cent in FY 2016-17. As per the Economic Survey 2016-17, the Indian economy should grow between 6.75 and 7.5 per cent in FY 2017-18. The improvement in India’s economic fundamentals has accelerated in the year 2015 with the combined impact of strong government reforms and Reserve Bank of India's (RBI) inflation focus supported by benign global commodity prices.
India's consumer confidence index stood at 136 in the fourth quarter of 2016, topping the global list of countries on the same parameter, as a result of strong consumer sentiment, according to market research agency, Nielsen.
At a Glance:
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Country Name
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Republic of India
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Area
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3,287,263 Sq.Km.
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Capital
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New Delhi
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Government type
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Federal Republic
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Administrative divisions
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29 States and 7 Union Territories
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National Holidays |
Republic Day, 26th January
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Independence Day, 15th August
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Gandhi Jayanthi, 2nd October
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Fiscal year
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1st April – 31st March
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Currency
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Indian Rupee (INR)
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President
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Shri Ram Nath KOVIND (since 25 July 2017)
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Prime Minister
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Mr. Narendra Singh Modi (since 26 May 2014)
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Population
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1,281,935,911 ( (July 2017 est.)
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Net migration rate
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0 migrant(s)/1,000 population (2017 est.)
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Forex Reserves
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US$ 366.78 billion (as on March 17, 2017)
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GDP (purchasing power parity)
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$8.721 trillion (2016 est.)
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GDP- composition by sector |
Agriculture: 16.5%
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Industry: 29.8%
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Services: 45.4% (2016 est.)
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Agriculture - Products |
Rice, wheat, oilseed, cotton, jute, tea, sugarcane, lentils, onions, potatoes; dairy products, sheep, goats, poultry; fish.
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Industries |
Textiles, chemicals, food processing, steel, transportation equipment, cement, mining, petroleum, machinery, software, pharmaceuticals.
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Major Exports |
Petroleum products, precious stones, vehicles, machinery, iron and steel, chemicals, pharmaceutical products, cereals, apparel.
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Major Exports ญ- Partners |
US 15.2%, UAE 11.4%, Hong Kong 4.6% (1 January - 30 September 2016).
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Major Imports |
Crude oil, precious stones, machinery, chemicals, fertilizer, plastics, iron and steel.
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Major Importers ญญญ– Partners |
China 15.7%, Saudi Arabia 5.4%, Switzerland 5.4%, US 5.3%, UAE 5.2% (1 January - 30 September 2016).
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Natural resources |
Coal (fourth-largest reserves in the world), iron ore, manganese, mica, bauxite, rare earth elements, titanium ore, chromite, natural gas, diamonds, petroleum, limestone, arable land
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Languages |
Hindi 41%, Bengali 8.1%, Telugu 7.2%, Marathi 7%, Tamil 5.9%, Urdu 5%, Gujarati 4.5%, Kannada 3.7%, Malayalam 3.2%, Oriya 3.2%, Punjabi 2.8%, Assamese 1.3%, Maithili 1.2%, other 5.9%.
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Religion |
Hindu 79.8%, Muslim 14.2%, Christian 2.3%, Sikh 1.7%, other and unspecified 2% (2011 est.)
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Climate |
Winter (January and February), Summer (March to May) Monsoon (rainy) season (June to September) and Post-Monsoon period (October to December).
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Location |
Southern Asia, bordering the Arabian Sea and the Bay of Bengal, between Burma and Pakistan
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