Economic Fact Sheet India-Germany Relations

Economic Fact Sheet

Economic Fact Sheet

 

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

Economic Indicators:

INDICATOR

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.


U S A

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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