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Between January and October 2010, India imported $82.1 billion worth of crude oil. [357] The Indian economy has run a trade deficit every year from 2002 to 2012, with a merchandise trade deficit of US$189 billion in 2011–12. [359] Its trade with China has the largest deficit, about $31 billion in 2013. [360]
Composition of India's total production of foodgrains and commercial crops, in 2003–04, by weight. India ranks second worldwide in farm output. Agriculture and allied sectors like forestry, logging and fishing accounted for 18.6% of the GDP in 2005, employed 60% of the total workforce [13] and despite a steady decline of its share in the GDP, is still the largest economic sector and plays a ...
Income in India discusses the financial state in India. With rising economic growth and India's income is also rising rapidly. As an overview, India's per capita net national income or NNI was around Rs. 98,374 in 2022-23. [1] The per-capita income is a crude indicator of the prosperity of a country.
2010 India's economy is $4.002 trillion (purchasing power parity) which accounts for a 4.5% [21] share of world income, the fourth largest in the world in terms of real GDP (PPP). [22] 2012 Second half of UPA-2 and Inflation 10%. [23] India's economy is $4.825 trillion (purchasing power parity), the third largest in the world in terms of real ...
The document is the Ministry's view [clarification needed] on the state of the economy of the country. This document of the Ministry, the Economic Survey of India reviews the developments in the Indian economy over the past financial year, summarizes the performance on major development programs, and highlights the policy initiatives of the government and the prospects of the economy in the ...
India’s economy grew by over 8% in the fiscal year to March 31, giving Prime Minister Narendra Modi a boost just hours before national elections draw to a close.
Between July and September, India's economy slumped to a seven-quarter low of 5.4%, well below the Reserve Bank of India (RBI) forecast of 7%. While it is still robust compared with developed ...
However, in 2016, the International Monetary Fund, in its regional economic outlook for Asia and the Pacific, said that India's Gini coefficient rose from 0.45 (1990) to 0.51 (2013). [19] According to the 2015 World Wealth Report, India had 198,000 high-net-worth individuals with a combined wealth of $785 billion. [20]