Economic Fact Sheet India-Germany Relations

Economic Fact Sheet

Economic Fact Sheet

India - Economic
Currency: Indian National Rupee (INR)
Area Total: 3.3 Million sq. km

Economic Indicators:

INDICATOR

2016-17

2017-18

2018-19

 2019-20*

 (Apr-Dec)

GDP  in trillion Rs.

113.2

121.04

129.06

135.4

GDP Growth Rate %

7.9

6.9

6.6

4.9

Inflation %

3.0

4.3

4.7

4.1

Gross Domestic Product (GDP) Composition by Sector (FY 2019-20 estimate)

  • Manufacturing & Construction: 27.8%
  • Financing, Insurance, Real Estate & Other Business Services: 22.35 %
  • Trade, Transport, Hotels and Communication: 19.32%
  • Agriculture & Forestry: 16.8%
  • Community Social & Personal services: 13.73%

The Indian economy is expected to grow at 5.8 per cent in FY 2020-21, as per the forecast by the International Monetary Fund (IMF).

More information on the Macro Economic Indicators of India is available on the Economic Survey website at https://www.indiabudget.gov.in/economicsurvey

Trade & Investment:

 (All figures in US$ billion)

INDICATOR

2017-18

2018-19

2019-20*

(Apr-Feb)

India's Total Trade

769.00

844.15

728.94

India's Total Exports

303.52

330.07

292.91

India's Total Imports

465.58

514.08

436.03

India’s top 10 export destination 2019-20*: USA, UAE, China, Hong Kong Singapore, UK, Netherland, Germany, Bangladesh, and Nepal

India’s top 10 import sources 2019-20*: China, USA, UAE, Saudi Arabia, Iraq, Switzerland, Hong Kong, Korea RP, Indonesia, and Singapore

More Information on India's foreign trade is available on the website of the Department of Commerce at https://commerce-app.gov.in/eidb/default.asp

FDI Investments:

(All figures in US$ billion)

FY

2017-18*

2018-19*

2019-20* (Apr- Dec)

Total FDI

60.97

62.00

51.42

(* P: Provisional)

Cumulative Total from 2000 till December 2019: US $ 658.89 bn.

Share of Top Investing Countries FDI Equity Inflows: Mauritius (31%), Singapore (21%), Japan (7%), Netherlands (7%), USA (6 %), UK (6%), Germany (3%) (as in December 2019)

Major Sectors Attracting Highest FDI Equity Inflows: Services Sector (18%), Computer Software and Hardware (10%), Telecommunications (8%), Automobile (5%), Drugs and Pharmaceuticals (4%), Construction (4%), Power (4%) (as in December 2019)

Leading Investing Countries: Mauritius, Singapore, Japan, Netherlands, USA & UK

More information on FDI investments is available on the website of Department of Industrial Policy & Promotions at https://dipp.gov.in/publications/fdi-statistics

Foreign Exchange Reserves (2019-20): USD 481.89 bn. (as on 13 March 2020)

Financial Year: April 1 - March 31

Main mineral resources: Iron ore, Zinc, Chromite, Bauxite, Manganese ore, Limestone
Principal crops: Sugarcane, Wheat, Rice, Maize, Cotton
Currency: (1 USD =75.62 Rs; 1 Euro=81.40 Rs) (as on 22 March, 2020)

Statistics for top 10 import sources: FY 2019-20* (Apr-Jan) in US $ million

S.No.

Country

2019-2020

1

China

57,935.01

2

USA

30,516.14

3

UAE

25,757.57

4

Saudi Arabia

22,969.00

5

Iraq

19,808.12

6

Switzerland

14,783.14

7

Hong Kong

14,617.55

8

South Korea

13,227.31

9

Indonesia

12,768.36

10

Singapore

12,194.72

Statistics for top 10 export destination: FY 2019-20* (Apr-Jan) in US $ million

S.No.

Country

2019-20

1

USA

44,721.53

2

UAE

24,277.89

3

China

14,434.76

4

Hong Kong

9,314.27

5

Singapore

7,642.35

6

UK

7,395.13

7

Netherland

7,095.75

8

Germany

7,006.77

9

Bangladesh

6,703.38

10

Nepal

6,028.14

 

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