India


Overview

India is developing into an open-market economy, yet traces of its past autarkic policies remain. Economic liberalization measures, including industrial deregulation, privatization of state-owned enterprises, and reduced controls on foreign trade and inve

GDP

$4.99 trillion (2013 est.)
country comparison to the world: 4
$4.833 trillion (2012 est.)
$4.63 trillion (2011 est.)

GDP- Real Growth Rate

3.2% (2013 est.)
country comparison to the world: 108
5.1% (2012 est.)
7.5% (2011 est.)

GDP - Per Capita

$4,000 (2013 est.)
country comparison to the world: 169
$3,900 (2012 est.)
$3,800 (2011 est.)

GDP - Composition By Sector

agriculture: 17.4%
industry: 25.8%
services: 56.9% (2013 est.)

Population Below Poverty Line

29.8% (2010 est.)

Inflation Rate (Consumer Prices)

9.6% (2013 est.)
country comparison to the world: 208
9.7% (2012 est.)

Labor Force

487.3 million (2013 est.)
country comparison to the world: 2

Labor Force - By Occupation

agriculture: 49%
industry: 20%
services: 31% (2012 est.)

Unemployment Rate

8.8% (2013 est.)
country comparison to the world: 98 8.5% (2012 est.)

Industries

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

Industrial Production Growth

0.9% (2013 est.)
country comparison to the world: 152