Economy of India
Economy
CurrencyIndian rupee (INR, ₹) often called Indian National Rupee
1 April  – 31 March
Trade organisations
WTO, WCO, SAFTA, BIMSTEC, WFTU, BRICS, G-20, BIS, AIIB, ADB and others
Country group
Statistics
PopulationNeutral increase 1,380,000,000 (2020 est.)[5]
GDP
  • Increase $3.05 trillion (nominal; 2021 est.)[6]
  • Increase $10.21 trillion (PPP; 2021 est.)[6]
GDP rank
GDP growth
  • Increase1.6% (Q4 20/21e)(National Statistical Office)[7]
  • −7.3% (20/21e) 11.5% (21/22f) (WB)[8]
[9][10]
GDP per capita
  • Increase $2,191 (nominal; 2021 est.)[6]
  • Increase $7,333 (PPP; 2021 est.)[6]
GDP per capita rank
GDP by sector
GDP by component
  • Household consumption: 59.1%
  • Government consumption: 11.5%
  • Investment in fixed capital: 28.5%
  • Investment in inventories: 3.9%
  • Exports of goods and services: 19.1%
  • Imports of goods and services: −22%
  • (2017 est.)[12]
  • Negative increase 5.03% (February 2021 )[13]
  • 4.9% (2020)[6]
Steady 4.00% (25 May 2021)[14]
Population below poverty line
33.9 medium (2013)[16]
Labour force
  • Increase 500,995,152 (2020)[19]
  • 45.4% employment rate (2018)[20]
Labour force by occupation
Unemployment
Main industries
External
ExportsDecrease $313 billion (2019–20)[28]
Export goods
Main export partners
ImportsDecrease $474 billion (2019–20)[28]
Import goods
Main import partners
FDI stock
  • Increase Inward: $51 billion (2019)[30]
  • Increase Outward: $12 billion (2019)[31]
Positive decrease −$24.6 billion (2020)[32]
Negative increase $570.0 billion (2021)[33]
Positive decrease −$352.7 billion (2021)[34]
Public finances
  • Positive decrease 86.597% of GDP (2021)[35]
  • Positive decrease 197.853 trillion (US$2.4 trillion)
Negative increase -10% of GDP (2021–22)[36][37]
Revenues
  • 44.01 trillion (US$530 billion)
  • 19.262% of GDP (2021)[35]
Expenses
  • 66.819 trillion (US$800 billion)
  • 29.245% of GDP (2021)[35]
Economic aiddonor: $30.66 billion (2020)[38]



Increase $608.999 billion (24 June 2021)[41] (4th)
All values, unless otherwise stated, are in US dollars.
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  4. ^ "World Bank Country and Lending Groups". World Bank. Retrieved 29 September 2019.
  5. ^ "United Nations, Department of Economic and Social Affairs, Population Division (2019). World Population Prospects 2019, Online Edition. Rev. 1". population.un.org. Row 137, column BZ.
  6. ^ a b c d e "India World Economic Outlook Database, April 2021". IMF.org. International Monetary Fund. Retrieved 2021-04-06.
  7. ^ "QUARTERLY ESTIMATES OF GROSS DOMESTIC PRODUCT FOR THE THIRD QUARTER (Q3) OF 2020-21" (PDF). Ministry of Statistics and Programme Implementation. Retrieved 26 February 2021.
  8. ^ a b c Bank, World (8 October 2020). "South Asia Economic Focus, Fall 2020 : Beaten or Broken? Informality and COVID-19" (Document). World Bank. p. 119. {{cite document}}: Unknown parameter |access-date= ignored (help); Unknown parameter |url= ignored (help)
  9. ^ "India's economy may have contracted 7.3% in FY21: SBI research". 25 May 2021.
  10. ^ "World Economic Outlook Update, January 2021: Policy Support and Vaccines Expected to Lift Activity".
  11. ^ "World Development Indicators | The World Bank". wdi.worldbank.org. Retrieved 2021-01-06.
  12. ^ Cite error: The named reference CIA_data was invoked but never defined (see the help page).
  13. ^ "Consumer Price Index February 2021". Ministry of Statistics and Programme Implementation. Retrieved 12 March 2021.
  14. ^ "Weekly Statistical Supplement – Ratio and Rates". Reserve Bank of India. Retrieved 2 July 2021.
  15. ^ "Global Multidimensional Poverty Index 2020line" (PDF). UNDP. Retrieved 30 September 2020.
  16. ^ "Income Gini coefficient". United Nations Development Program. Retrieved 14 January 2017.
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  18. ^ "Inequality-adjusted HDI (IHDI)". hdr.undp.org. UNDP. Retrieved 22 May 2020.
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  20. ^ "Employment to population ratio, 15+, total (%) (national estimate) – India". World Bank. Retrieved 29 September 2019.
  21. ^ "Employment in agriculture (% of total employment) (modeled ILO estimate) - India | Data". data.worldbank.org.
  22. ^ "Employment in industry (% of total employment) (modeled ILO estimate) - India | Data". data.worldbank.org.
  23. ^ "Employment in services (% of total employment) (modeled ILO estimate) - India | Data". data.worldbank.org.
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  28. ^ a b "Department of Commerce Export Import Data Bank", Ministry of Commerce and Industry (India), retrieved 21 April 2019
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  30. ^ "UNCTAD 2019" (PDF). UNCTAD. Retrieved 2020-01-06.
  31. ^ "Country Fact Sheets 2018". unctad.org. Retrieved 24 July 2019.
  32. ^ "Reserve Bank of India - Press Releases". www.rbi.org.in. Retrieved 2021-01-05.
  33. ^ "Reserve Bank of India - Press Releases". www.rbi.org.in. Retrieved 2021-07-02.
  34. ^ "Reserve Bank of India - Press Releases". www.rbi.org.in. Retrieved 2021-07-02.
  35. ^ a b c "Report for Selected Countries and Subjects". IMF. Retrieved 2021-07-04.
  36. ^ "Budget 2021: India Pegs FY22 Fiscal Deficit At 6.8". BloombergQuint. 1 February 2021.
  37. ^ https://www.imf.org/en/Countries/IND#countrydata
  38. ^ "https://mea.gov.in/Lines-of-Credit-for-Development-Projects.htm". Ministry of External Affairs. 1 April 2017. {{cite web}}: External link in |title= (help); Missing or empty |url= (help)
  39. ^ a b c "India: Sovereign credit ratings". TheGlobalEconomy.com. Retrieved 26 May 2020.
  40. ^ DBRS — Sovereign and Supranational Ratings
  41. ^ "WEEKLY STATISTICAL SUPPLEMENT". Reserve Bank of India.