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Indian Economy
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Indian Economy

The World Bank predicts Indian economy will likely to grow at 7 % in FY 2016-2017 followed by further acceleration to 7.6 % in 2017 and 7.8 % in 2018-19.

Gross Domestic Product (GDP) Composition by Sector (2016 Estimates) 

Services: 45.4 % 

Industry: 29.8 %

Agriculture: 16.5%

Forex Reserves: US$ 366.78 Billion as on March 17, 2017.   

EXPORTS (including re-exports)

Exports during August, 2015 were valued at US $21266.31 million (Rs.138384.74 crore) which was 20.66 per cent lower in Dollar terms (15.22 per cent lower in Rupee terms) than the level of US $26803.48 million (Rs.163220.33 crore) during August, 2014.Cumulative value of exports for the period April-August 2015-16 was US $111094.47 million (Rs 708933.92 crore) as against US $132529.64 million (Rs 796013.40 crore) registering a negative growth of 16.17 per cent in Dollar terms and 10.94 per cent in Rupee terms over the same period last year.

IMPORTS

Imports during August, 2015 were valued at US $33744.28 million (Rs. 219581.77 crore) which was 9.95 per cent lower in Dollar terms and 3.77 per cent lower in Rupee terms over the level of imports valued at US $37472.78 million (Rs. 228191.26 crore) in August, 2014. Cumulative value of imports for the period April-August 2015-16 was US $168610.56 million (Rs 1076178.14 crore) as against US $190747.68 million (Rs 1145604.44 crore) registering a negative growth of 11.61 per cent in Dollar terms and 6.06 per cent in Rupee terms over the same period last year.

TRADE BALANCE

The trade deficit for April-August, 2015-16 was estimated at US $57516.09 million which was lower than the deficit of US $58218.04 million during April-August, 2014-15.

Export Partners: US, Germany, UAE, China, Japan, Thailand, Indonesia and European Union. India is also tapping newer markets in Africa and Latin America

Currency (code): Indian rupee (INR)

Exchange Rates: Indian rupees per US dollar - 1 USD = 65.0892 INR (March, 2017)

Fiscal Year: 1 April - 31 March

Foreign Direct Investment

According to Department of Industrial Policy and Promotion (DIPP), the total FDI investments India received during April - September 2016 rose 30 per cent year-on-year to US$ 21.6 billion, indicating that government's effort to improve ease of doing business and relaxation in FDI norms is yielding results.Data for April - September 2016 indicates that the services sector attracted the highest FDI equity inflow of US$ 5.29 billion, followed by telecommunications – US$ 2.79 billion, and trading – US$ 1.48 billion. Most recently, the total FDI equity inflows for the month of September 2016 touched US$ 5.15 billion.During April - September 2016, India received the maximum FDI equity inflows from Mauritius (US$ 5.85 billion), followed by Singapore (US$ 4.68 billion), Japan (US$ 2.79 billion), (US$ 1.62 billion), and USA (US$ 1.44 billion). Impact investments in India is expected to grow at a compound annual growth rate (CAGR) of 20-24 per cent to touch US$ 6-8 billion by 2025, from US$ 1 billion in 2015.

Transportation in India

Airports: The Airports Authority of India (AAI) manages a total of 125 Airports

International Airports: Ahmedabad, Amritsar, Bengaluru, Chennai, Goa, Guwahati, Hyderabad, Kochi, Kolkata, Mumbai, New Delhi, Thiruvananthapuram, Port Blair, Srinagar, Jaipur, Nagpur, Calicut, Tiruchirapalli, Coimbatore

Railways: The Indian Railways network is spread over some 108,706 km, with 12,617 passenger and 7,421 freight trains each day from 7,172 stations plying 23 million travellers and 3 million tonnes of goods daily

Roadways: India’s road network of 4.87 million km is the second largest in the world. With the number of vehicles growing at an average annual pace of 10.16 per cent, Indian roads carry about 65 per cent of freight and 85 per cent of passenger traffic

Waterways: 14, 500 km

Major Ports of Entry: Chennai, Ennore, Haldia, Jawaharlal Nehru Port Trust (JNPT), Kolkata, Kandla, Kochi, Mormugao, Mumbai, New Mangalore, Paradip, Tuticorin and Vishakhapatnam.


                     

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