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28th March 2016, 02:11 PM
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Join Date: May 2012
Re: Economy of India

The Economy of India is the seventh-largest in the world by nominal GDP and the third-largest by purchasing power parity.

Statistics of Economy of India

GDP Increase $2.384 trillion (161.6 lakh crore)
(Nominal, Est. 2016)

Increase $8.727 trillion (591.5 lakh crore)
(PPP, Est. 2016)

GDP rank 7th (Nominal) / 3rd (PPP)

GDP growth
Increase 7.5% (FY 2015-16 est.)

GDP per capita
Increase $1,820 (1.23 lakh)
(Nominal: 129st; October 2015)

Increase $6,664 (4.52 lakh)
(PPP: 118st; 2015)

GDP by sector
Agriculture: 17%
Industry: 26%
Services: 57% (2013-14)
Inflation (CPI)
CPI:Negative increase 5.41%
WPI:-1.99% (November 2015)

Base borrowing rate
6.75% (as of 29 Sep. 2015)

Population below poverty line

23.7% of population below poverty line of $1.25/day (2011-12, World Bank)

Gini coefficient
33.9 (2009)

Labour force
502.3 million (2014 est.)

Labour force by occupation
Agriculture: 49%
Industry: 20%
Services: 31% (2012 est.)
Unemployment 3% Urban
2% Rural
Total=10.8 million

Average gross salary
Increase $1.46 per hour ($3,036.8 yearly in 2010)
GNI per capita: $1,631 yearly per person (2014)

Average household income: $6,671 yearly (2010)

Main industries-Software, petroleum products, chemicals, pharmaceuticals, agriculture, textiles, steel, transportation equipment, machinery, leather, cement, mining, construction


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