India-statistics & facts

FACTS AND STATISTICS

The business climate in India can be typified by rapid growth and opportunity. In short order, the Gross Domestic Product of the country grew over 6 percent. (Source: India in Business) With a diversity of industry, a growing domestic population, and increased aspirations for international trade and business growth, India represents a unique and dynamic business center. Basic Economic Statistics: GDP at current prices (2008-09): $ 1.20 trillion GDP (PPP) (2008) = US $3.38 trillion (4th largest in the world) GDP growth rate (2008-09) : 6.7% Exports (2008-09): US $185.29 billion, Growth Rate: 13.6 % Imports (2008-09): US $303.69 billion, Growth Rate : 20.7% Foreign Direct Investment (FDI) (2008-09): US $35.14 Foreign Institutional Investors (FII) (2008-09): outflow of US $ 9.84 billion Population Statistics and Languages: India is the second-largest populated country in the world with over 1.18 billion people (estimate for April, 2010) and consists of more than one-sixth of the world's population. Represents 17.31% of the world's population Expected to surpass China’s population by 2025, and could reach 1.6 billion by 2050 Assamese - It is the language of Assam, spoken by nearly 60 percent of the population. Bengali - It is an official language of West Bengal. Gujarati - It is the official language of Gujarat, spoken by 70 percent of the population. Hindi - Hindi is the national language of India. Kannada - It is a language of Karnataka, spoken by 65 percent of the population. Kashmiri - 55 per cent of the state's population speaks Kashmiri. Malayalam - It is the state language of Kerala. Marathi - It is an official language of Maharashtra. Oriya - Oriya is the official language of the State of Orissa. Punjabi - It is the official language of the State of Punjab. Sanskrit - Sanskrit is the classical language of India. It is also one of the oldest languages in the world. Sindhi - It is mainly spoken by a great number of people in the Northwest frontier of the Indian sub-continent comprising parts of India and Pakistan. Tamil - It is the State language of Tamil Nadu. Telugu - It is a language of Andhra Pradesh. Urdu - The state language of Jammu and Kashmir is Urdu. Trade and Commerce Statistics: North America maintained the top position for India's export of electronics, computer software and services during the year 2008-09. The region accounted for 53.09 per cent of the total exports to $29.91 billion, a growth of 24.48 per cent compared to $27.45 billion registered in 2007-08. Exports to African countries also registered a high growth of 212 per cent while exports to Japan, Korea and other Far East countries and Latin American countries registered a decline during 2008-09. Exports of electronics hardware to the UAE increased from $227 million in 2007-08 to $466 million in the year 2008-09, registering a growth of 105 per cent. Exports of software and services registered a growth of 234 per cent during the year 2008-09 over the preceding year. In value terms, export of software and services increased from $195 million in 2007-08 to $652 million in the year 2008-09. India exported its products to 221 countries compared to 208 during 2007-08. The global production of electronics, computer software and services during the year 2008-09 is put at around $2,640 billion. Middle East countries have emerged as third top destination for India's software and services exports to $1.49 billion, a growth of 161 per cent compared to $569 million in 2007-2008. The Indian economy is expected to quadruple over the next two decades, adding more than 500 million people to its middle class, building more than 50,000 miles of highways, and investing more than $2 trillion in building power plants, airports, hospitals, factories and research centers. Delhi's plan to invest $1.2 trillion in electricity generation during the next 25 years will rely on a steady supply of power transformers, high-voltage power cables, relays, conductors, capacitors and circuit breakers. The Indian economy is expected to quadruple over the next two decades, adding more than 500 million people to its middle class, building more than 50,000 miles of highways, and investing more than $2 trillion in building power plants, airports, hospitals, factories and research centers. Delhi's plan to invest $1.2 trillion in electricity generation during the next 25 years will rely on a steady supply of power transformers, high-voltage power cables, relays, conductors, capacitors and circuit breakers. Key Government Business Resources for General Information: India in Business: Ministry of External Affairs, Government of India Department of Trade and Commerce, Government of India Ministry of Commerce & Industry Download: India – Dynamic Business Partner (PDF) Download: Current State of the Indian Economy (PDF) Top 10 in India: 10 Biggest Cities Mumbai (Bombay) - 12,147,100 Delhi - 10,009,200 Calcutta - 4,670,000 Bangalore - 4,376,100 Chennai (Madras) - 4,298,600 Ahmadabad - 3,584,000 Hyderabad - 3,517,300 Pune - 2,589,700 Kanpur - 2,581,600 Surat - 2,481,300 10 Best Companies Infosys Technologies Google India Tata Consultancy Services IBM Microsoft India Wipro State Bank of India Bharti Airtel HP India HDFC Bank 10 Best Business Schools Indian Institute of Management (IIM) XLRI - Xavier Labour Research Institute, Jamshedpur ISB - Indian School of Business, Hyderabad FMS - Faculty of Management Studies, University of Delhi Jamnalal Bajaj Institute of Management Studies, Mumbai (JBIMS) S. P. Jain Institute of Management Studies, Mumbai (SPJIMR) Schools of Management, IIT (Mumbai, Delhi, Chennai) Management Development Institute, Gurgaon (MDI) Xavier Institute of Management, Bhubaneswar (XIM B) Symbiosis Institute of Business Management, Pune (SIBM) Top 20 IT companies Hewlett Packard HCL Infosystems Ingram Micro Redingtoni IBM Dell Wipro Intel Microsoft Sap Acer Oracle APC-MGE Emerson Network Power Tata Consultancy Services Lenovo Cisco Systems Tulip Telecom LG Samsung Top 20 Business facts you should know about India India continues to be the best place to start a business, says a global services location index by AT Kearney. India's foreign exchange reserves stand at US$Â 200 billion. India has displaced US as the second-most favoured destination for foreign direct investment (FDI) in the world after China according to an AT Kearney's FDI Confidence Index Poised at a phenomenal growth of 500 per cent, the Indian insurance industry is expected to reach US$ 60 billion in the next four years. India adds about five million telephone subscribers every month. The total number of subscribers is expected to reach 250 million by the end of 2007. India has one of the largest road networks in the world, aggregating 3.34 million kilometers. It comprises 66,590 km of National Highways, 1,28,000 km of State Highways, 4,70,000 km of Major District Roads and about 26,50,000 km of other District and Rural Roads. Indian ports handled cargo of around 570 million tonnes in 2005-06. In 2005-06, the passenger traffic rose by 25-30 per cent and is expected to grow by 25 per cent year-on-year over the next five years. While international and domestic air traffic grew by 35 per cent, cargo witnessed a 12 per cent growth. India is the Sixth largest crude consumer in the world. India is the Ninth largest crude importer in the world. India has the sixth largest refining capacity - 2.56 million barrels per day representing 2.99 per cent of world capacity. Estimated to be a US$ 350 billion industry, the Indian retail sector is growing at a growth rate of 47%..Wow ! The travel and tourism sector in India is generated a total demand of US$ 55,544.5 million of economic activity in 2006, accounting for nearly 5.3 per cent of GDP and 5.4 per cent of total employment. International Iron and Steel Institute (IISI) has ranked India as the seventh largest steel producer in the world with an overall production of about 40 million tonnes in 2006. India exports US$ 6 billion worth of garments. India is the largest consumer of gold jewellery in the world and accounts for about 20 per cent of world consumption. India is the largest diamond cutting and polishing centre in the world. India is the second largest producer of rice and wheat in the world; one of the largest producers of sugar, sugarcane, peanuts, jute, tea and an assortment of spices. The Indian pharmaceutical industry, consistently growing at 9.5 per cent in the last 5 years, could zip at 13.6 per cent between 2007 and 2010 and reach a market size of US$ 9.48 billion by 2010 from its present level of about US$Â 6.2 billion. Healthcare delivery is one of the largest service-sector industries in India. The country will spend US$ 45.76 billion on healthcare in the next five years. Made From India (B2B Blog): Top business facts about India India is known to be the best place in the world to commence a business, according to a global services location index by AT Kearney. India’s foreign exchange reserves are almost US$ 200 billion. India is 4th in internet usage in entire world . India has replaced US as the second choice for foreign direct investment (FDI) in the world after China as per AT Kearney’s FDI Confidence Index Indian insurance industry is estimated to reach US$ 60 billion in the subsequent four years. India gets about five million telephone subscribers every month. This will add up to 250 million subscribers by the end of 2007. India apparently has one of the largest road networks in the world, totaling 3.34 million kilometers. Indian ports handled cargo of almost 530.35 million tonnes in 2008-09. Passenger traffic is growing 25 percent every year. In 2006-07 it stood at 25 per cent. India is sixth largest crude consumers in the world. India is one of the largest crude importers in the world and bags the ninth position. India has one of the largest refining capacities - 2.56 million barrels per day amounting to 2.99 per cent of world capacity. Indian retail sector is growing at a rate of 47%. India has moved to third position in the world steel production. India exports garments worth US$ 6 billion. India is said to be the largest consumer of gold jewellery in the world. India is the largest diamond cutting and polishing centre in the world. India is one of the largest producers of rice, wheat, sugar, sugarcane, peanuts, jute, tea and an array of spices. The Indian pharmaceutical industry is continually growing at 9.5 per cent in the last 5 years. Healthcare delivery is one of the largest service-sector industries in India. The country is expected to cough up US$ 45.76 billion on healthcare in the following five years. India, along with US and Japan are among the top three countries that makes supercomputers. India is one among the six countries that launches satellites. The Bombay stock exchange has listings of more than 6,600 companies. Only NYSE has more. Around eight Indian companies are listed on the NYSE, and three on the NASDAQ. If one takes into account, volume of pills produced, the Indian pharmaceutical industry comes second after China. After U.S. India has the largest workforce of software developers. After U.S. India has the largest network of smooth highways. India is the world’s largest producer of milk. Almost 100 of the Fortune 500 companies have R&D facilities in India. Two million people of Indian origin live in the U.S. Indian-born Americans are looked upon as the wealthiest and best educated of the recent immigrant groups in the U.S. Almost thirty percent of the R&D researchers working in American pharmaceutical companies are said to be Indian Americans. Around 49% of the high-tech startups in Silicon Valley and Washington, D.C. are owned by Indians or Indian-Americans. India sends more students to U.S. colleges, in comparison to any country in the world. An Indian-American scientist, Dr. Ananda Chakrabaty, won a case in the U.S. Supreme Court that granted patent for his useful invention of living organisms. He defeated the U.S. Patent Office, whose point of contention was that living things may not be patented, thus laying the foundation for the biotech industry. Dr. Chakrabaty is known to have created a microbe that eats oil spills. World’s Largest Film Studio is Ramoji Film City, Ahmedabad. India is one of the largest exporters of computer software products, exporting software to almost 90 countries across the globe. India houses largest number of Post Offices in the world. Indian Railways is the largest employer in the world, employing over a million people.