This blog is an attempt to provide you with insights to Indian economy and the reason why should be part of such a developing country with so much scope in every field you chose.
According to The World Bank, Indian economy is expected to grow at 7.5 per cent in 2015-16, followed by further acceleration to 7.8 per cent in 2016-17 and 7.9 per cent in 2017-18
Gross Domestic Product (GDP) Composition by Sector (FY 2014)
- Services: 65 per cent
- Industry: 18 per cent
- Agriculture: 17 per cent
- Forex Reserves: US$ 354.40 billion as on March 11, 2016.
- Gross Fixed Capital Formation (GFCF) at current prices: Gross Fixed Capital Formation (GFCF) at current prices is estimated at INR 39.82 trillion (US$ 584.23 billion) in 2015-16
- Value of Exports: India’s exports stood at US$ 21.07 billion in January 2016
- 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 = 66.74 INR (August 10, 2016)
- Fiscal Year: 1 April – 31 March
- Cumulative FDI Equity Inflows: US$ 288,513 Million (April 2000 to December 2016)
- Share of Top Investing Countries FDI Equity Inflows: Mauritius (33.7 per cent), Singapore (16 per cent), UK (8 per cent), Japan (7 per cent), USA (6 per cent), Netherlands (6 per cent) (Financial years 2016)
- Major Sectors Attracting Highest FDI Equity Inflows: Services Sector (18 per cent), Construction Development (8 per cent), Computer Software and Hardware (7 per cent), Telecommunications (6 per cent), Automobile ( 5 per cent), Drugs and Pharmaceuticals (5 per cent), Chemical (4 per cent), Trading (4 per cent) (Financial years 2016)
Transportation in India
Airports: Airports Authority of India (AAI) manages 125 airports in the country, which includes 18 international aerodromes, 78 domestic ones and 26 civil enclaves at defence airfields.
International Airports: Ahmedabad, Amritsar, Bengaluru, Chennai, Goa, Guwahati, Hyderabad, Kochi, Kolkata, Mumbai, New Delhi, Thiruvananthapuram, Port Blair, Srinagar, Jaipur, Nagpur, Calicut, Tiruchirappalli, Coimbatore
Railways: The Indian Railways network is spread over 65,800 km, with 12,617 passenger and 7,421 freight trains each day from 7,172 stations plying 23 million travellers and 2.65 million tonnes (MT) 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.