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Economic Fact Sheet
Economic Fact Sheet
| India - EconomicCurrency: Indian National Rupee (INR) Economic Indicators: | 2016-17 | 2017-18 | 2018-19 | 2019-20 |
| GDP in trillion Rs. (at current market prices) | 153.6 | 171.0 | 190.1 | 204.4 |
| GDP Growth Rate % | 8.2 | 7.2 | 6.8 | 5.0 |
| Inflation % | 4.5 | 3.6 | 3.4 | 4.1 |
Gross Domestic Product (GDP) Composition by Sector (FY 2019-20 estimate)
Manufacturing : 15.4%
Financing, Real Estate & Professional Services : 24.5 %
Trade, Transport, Hotels and Communication & Broadcasting Services : 18.1%
Agriculture & Forestry : 13.9%
Construction : 8.0
The Indian economy is estimated to have grown 1.9 per cent in FY 2020-21, as per the estimate by the International Monetary Fund (IMF).
[Source: Economic Survey website - https://www.indiabudget.gov.in/economicsurvey]
Trade & Investment:
(All figures in US$ billion)
India’s Foreign Trade
| INDICATOR | 2017-18 | 2018-19 | 2019-20 |
| India's Total Trade | 769.00 | 844.15 | 787.0 |
| India's Total Exports | 303.52 | 330.07 | 3123.1 |
| India's Total Imports | 465.58 | 514.08 | 473.9 |
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, Hong Kong, Switzerland, Korea RP, Indonesia, and Singapore
Statistics for top 10 import sources of India: FY 2019-20 in US $ million
| Sl. No | Country | Imports |
| 1. | CHINA P RP | 65,260.66 |
| 2. | U S A | 35,662.52 |
| 3. | U ARAB EMTS | 30,256.65 |
| 4. | SAUDI ARAB | 26,857.37 |
| 5. | IRAQ | 23,740.18 |
| 6. | HONG KONG | 16,935.32 |
| 7. | SWITZERLAND | 16,899.89 |
| 8. | KOREA RP | 15,659.56 |
| 9. | INDONESIA | 15,061.87 |
| 10. | SINGAPORE | 14,746.77 |
Statistics for top 10 export destination: FY 2019-20 in US $ million
| Sl. No | Country | EXPORTS |
| 1. |
| 53,084.31 |
| 2. | U ARAB EMTS | 28,840.45 |
| 3. | CHINA P RP | 16,605.75 |
| 4. | HONG KONG | 10,967.05 |
| 5. | SINGAPORE | 8,923.82 |
| 6. | U K | 8,733.84 |
| 7. | NETHERLAND | 8,365.70 |
| 8. | GERMANY | 8,290.82 |
| 9. | BANGLADESH PR | 8,181.51 |
| 10. | NEPAL | 7,143.15 |
[Source: Department of Commerce - https://commerce-app.gov.in/eidb/default.asp]
FDI Investments:
(All figures in US$ billion)
| FY | 2017-18 | 2018-19 | 2019-20 |
| Total FDI | 44.85 | 44.36 | 49.97 |
Cumulative Total from April 2000 till March 2020: US $ 470.12 bn.
Share of Top Investing Countries FDI Equity Inflows: Mauritius (30%), Singapore (21%), Netherlands (7%), Japan (7%), USA (6 %), UK (6%), Germany (3%) (as of March 2020)
Major Sectors Attracting Highest FDI Equity Inflows: Services Sector (17%), Computer Software and Hardware (10%), Telecommunications (8%), Trading (6%), Construction Development (5%), Automobile (5%), Chemicals (4%), Drugs and Pharmaceuticals (4%) (as of March 2020)
Leading Investing Countries: Mauritius, Singapore, Japan, Netherlands, USA & UK
(Source: Department for Promotion of Industry and Internal Trade - https://dipp.gov.in/publications/fdi-statistics)
Total Foreign Exchange Reserves (2019-20): USD 506.8 bn. (as on 26 June 2020)
(Source: Reserve Bank of India)
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 =74.63.62 Rs; 1 Euro=84.31 Rs) (as on 6 July 2020)
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