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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:


Country Name



Republic of India






3,287,263 Sq.Km.






New Delhi



Government type



Federal Republic



Administrative divisions



29 States and 7 Union Territories



National Holidays


Republic Day, 26th January



Independence Day, 15th August



Gandhi Jayanthi, 2nd October



Fiscal year



1st April – 31st March






Indian Rupee (INR)






Shri Ram Nath KOVIND (since 25 July 2017)



Prime Minister



Mr. Narendra Singh Modi (since 26 May 2014)






1,281,935,911 ( (July 2017 est.)



Net migration rate



0 migrant(s)/1,000 population (2017 est.)



Forex Reserves



US$ 366.78 billion (as on March 17, 2017)



GDP (purchasing power parity)



$8.721 trillion (2016 est.)



GDP- composition by sector


Agriculture: 16.5%



Industry: 29.8%



Services: 45.4% (2016 est.)



Agriculture - Products


Rice, wheat, oilseed, cotton, jute, tea, sugarcane, lentils, onions, potatoes; dairy products, sheep, goats, poultry; fish.





Textiles, chemicals, food processing, steel, transportation equipment, cement, mining, petroleum, machinery, software, pharmaceuticals.



Major Exports


Petroleum products, precious stones, vehicles, machinery, iron and steel, chemicals, pharmaceutical products, cereals, apparel.



Major Exports ญ- Partners


US 15.2%, UAE 11.4%, Hong Kong 4.6% (1 January - 30 September  2016).



Major Imports


Crude oil, precious stones, machinery, chemicals, fertilizer, plastics, iron and steel.



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).



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





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%.





Hindu 79.8%, Muslim 14.2%, Christian 2.3%, Sikh 1.7%, other and unspecified 2% (2011 est.)





Winter (January and February),

Summer (March to May)

Monsoon (rainy) season (June to September) and          

Post-Monsoon period (October to December).





Southern Asia, bordering the Arabian Sea and the Bay of Bengal, between Burma and Pakistan