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Indian Economy

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Basic Economic Indicators

Population (2011 Census): 1210.2 million

Males : 623.7 million.
Females : 586.5 million

GDP (2012-13) US$ 1843.00 billion (Rs 82.8 trillion)

GDP Growth Rate: 2012-13: 4.96%
Per capita Income: 2012-13: US $ 1535.80

Exchange rate: Rs. 54.5 = 1 US $ (2012-13), Rs. 60.80 = 1 US$ (August 2013)

Foreign Exchange Reserves: US$280.16 billion (July 2013)

International Trade:

· Exports 2012-13: US $ 291.2 billion
· Exports during April to June 2013: US $ 72.45 billion
· Imports: 2012-13 : US $ 479.6 billion
· Imports during April to June 2013: US $ 122.63 billion

Foreign Direct Investment: (http://dipp.nic.in)

2012-13: US$ 36.86 billion
2011-12: US$ 46.55 billion
2010-11: US$ 34.84 billion
April 2013 US$ 3.56 billion
Cumulative April 2000 to April 2013: US$ 293.64 billion

Major International Airports: Ahmedabad, Amritsar, Bangalore, Calicat, Chennai, Goa, Guwahati, Hyderabad, Jaipur, Kochi, Kolkata, Mumbai, Nagpur, New Delhi, Thiruvananthapuram.

Major Ports of Entry: Chennai, Ennore, Haldia, Kolkata, Kandla, Kochi, Mormugao, Mumbai, New Mangalore, Paradip, Tuticorin and Vishakhapatnam

India in Business

Secretariat for Industrial Assistance	www.dipp.gov.in
India in Business	http://www.indiainbusiness.nic.in/
Indian Finance & Investment Guide	www.finance.indiamart.com
CII	www.cii.in
FICCI	www.ficci.com
ASSOCHAM	www.assocham.org

Trade - highlights

No quantitative restrictions on import / export
Target: To achieve a 5% share of world trade in both goods and services by the year 2020.
New incentives for Special Economic Zones
Simplified procedures to reduce transaction costs
Abundant natural resources and strong manufacturing sector
Large domestic market of over one billion people and re-export market for other South Asian counties

Department of Commerce	www.commerce.nic.in
India Trade Promotion Organization	www.indiatradefair.com
Federation of Indian Export Organizations	www.fieo.org
National Center for Trade Information	www.ncti-india.com

CIT (Communications and Information Technology) Sector in India

Over 60 of the 80 companies in the world who have acquired SEI CMM level 5 maturity are located in India.
Over half of Fortune 500 companies are outsourcing their software requirements to India.
Indian software is exported to over 100 countries
IT-BPO sector in India aggregated revenues of USD 100.8 billion in 2012-13, with the IT software and services sector (excluding hardware) accounting for USD 87.6 billion).
Export revenues (including Hardware) estimated at USD 69.1 billion in 2012-13.
IT-BPO sector employed 2.8 million people in 2011-12.
Vast pool of IT professionals is quickly moving up the value chain.
World-class educational institutions and the largest number of English languages graduates in the world outside the United States
Business Processing Outsourcing (BPO) and Call Centre Services recording tremendous growth
Fast growing telecom infrastructure – 906.62 million mobile users in 2012. Additional 200 million new mobile users likely to be added in 2013.
Liberal investment policy, tax incentives and fast track clearance of goods

Department of Information Technology	www.mit.gov.in
Department of Telecom	www.dot.gov.in
Software Technology Parks of India	www.blr.stpi.in
National Association of Software & Service companies	www.nasscom.org
Contact	Commercial Section E-mail: Embassy of India, 37-3. Hannam Dong Yongsan-ku, Seoul 140210 Tel: 82-2-792-2653, 82-2-798-4257 Fax: 82-2-798-4255

August 2013

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