International Monetary Fund has also predicted that Indian economy will be the fastest growing economy in the world. International Monetary Fund said that by achieving the growth rate of 7.4% in the FY 2018; India will supersede China.
A report released by the World Economic League (WEL) said that India's economy is expected to overtake the economy of Britain and France to become the fifth largest economy in the world in terms of nominal GDP in 2018, and third largest in 2032.
The size of major economies of the world is as follows; (in terms of Nominal GDP)
1. U.S.A - $19.4 trillion.
2. China - $11.9 trillion.
3. Japan - $4.9 trillion.
4. Germany - $3.7 trillion.
5. France - $2.575 trillion.
6. U.K. - $2.565 trillion.
7. India - $2.4 trillion.
This article contains all the latest data related to the Indian economy. Let’s have a look
1. Demographic profile of India;
Total Population: 1.35 billion
Population Growth Rate: 1.2% (2015)
Literacy: 74.04% (2011 census)
Life Expectancy: 66.9 years (men), 69.9 years (women) (2015 – WHO 2016 Report)
Languages: Hindi, English and at least 16 other official languages
a. Hinduism (79.8%))
b. Islam (1 4.2%)
c. Christianity (2.3%),
d. Sikhism (1.7%)
e. Buddhism (0.7%)
f. Jainism (0.4%)
Total Area: 3,287,263 sq km. (3,214 km from North to South and 2,933 km from East to West)
Land: 2,973,190 sq km
Water: 314,070 sq km
3. Natural Resources found: Coal (fourth-largest reserves in the world), petroleum, natural gas, bauxite, iron ore, mica, manganese, diamonds, gold and limestone.
4. Gross Value Added (GVA) Composition by Sector (2016-17 PE)
a. Services Sector: 53.7%
b. Industry Sector: 31.2%
c. Agriculture Sector: 15.2%
5. Fiscal Year: April 01 – March 31
6. Foreign Exchange Reserves: US$ 421.922 billion (Jan. 2018)
7. Value of India's Exports: US$ 26.20 billion (Jan 2018)
8. Crucial export partners of India: USA, Germany, UAE, China, Japan, Thailand, Indonesia and European Union
9. Share of Top Investing Countries FDI Equity Inflows: (April 2000 – September 2017)
a. Mauritius (34%)
b. Singapore (17%)
c. UK (7%)
d. Japan (7%)
e. USA (6%)
f. Netherlands (6%)
g. Germany (3%)
h. Cyprus (3%)
i. France (2%)
j. UAE (1%)
10. External Debt on India: $495.7B (Dec. 2017)
11. Gold Reserves in India: 557.79 Tonnes (Dec. 2017)
12. Per Capita Income in India: Rs 1,03,219 (2016-17)
13. Nominal GDP or GDP at current prices: Rs. 152.54 lakh crore
14. Tourist Arrivals in India: 10.66 lac/year (Jan.2018)
15. Major Sectors Attracting Highest FDI Equity Inflows: (April 2000 – June 2017)
a. Services Sector (17%)
b. Telecommunications (8%)
c. Computer Software and Hardware (8%)
d. Construction Development (7%)
e. Automobile (5%)
f. Drugs and Pharmaceuticals (4%)
g. Chemicals (4%)
h. Trading (4%)
i. Power (3%)
j. Construction Activities (3%)
16. Airports: Managed by the Airports Authority of India
Total Airports in India: 125
International Airports: 27
Domestic Airports: 78
Civil enclaves: 26
Railways Network: 108,706 km
Passenger Trains: 12,617
Freight Trains: 7,421
Total Railways Stations: 7,172
Daily Travellers: 23 million
Total Road Network: 4.87 million km (second largest in the world)
Indian roads carry about 65% of freight and 85% of passenger traffic.
19. Waterways: 14,500 km
20. Major Ports of Entry:
Mumbai, Chennai, Kolkata, Haldia, Kandla, Ennore, Paradip, Tuticorin and Vishakhapatnam, Jawaharlal Nehru Port Trust, Kochi, Mormugao and New Mangalore.
Above mentioned figures show the Indian economy has very good growth prospect in the coming years. These data are very crucial for all the competitive exams held in India, so aspirants need to pay full attention while going through them.
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