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25 interesting facts you must know about the Indian economy

Last updated on: August 08, 2013 16:12 IST

25 interesting facts you must know about the Indian economy

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Amidst all the gloom that prevails in India, there are many reasons to feel good about its achievements and future prospects.

India has the ninth-largest economy in the world by nominal GDP and the third-largest by purchasing power parity (PPP).

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Image: A man wearing an elephant mask on a bike in Chennai.
Photographs: Babu/Reuters

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India is today one of the world’s fastest growing economies. By 2030, India will become the world’s third largest economy with projected GDP (PPP) at $13,716 bn.

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Image: A college student cheers after getting her face painted with the tricolour Indian national flag.
Photographs: Ajay Verma/Reuters

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India is the 19th-largest exporter and the 10th-largest importer in the world. During 2011–12, India's foreign trade grew by an impressive 30.6% to reach $792.3 billion.

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Image: A new auto rickshaw is unloaded from a goods train at a storage facility at Sanand.
Photographs: Amit Dave/Reuters

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25 interesting facts you must know about the Indian economy

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Industry accounts for 28 per cent of the country’s GDP and employs 14 per cent of the total workforce.

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Image: A new auto rickshaw is unloaded from a goods train at a storage facility at Sanand.
Photographs: Amit Dave/Reuters
Tags: GDP , GDP

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India is 11th in the world in terms of nominal factory output according to the CIA World Factbook.

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Image: A worker checks an iron pipe that will be used to make spare parts for a drilling machine inside a factory in Kolkata.
Photographs: Rupak De Chaudhuri/Reuters

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India is one of the G-20 major economies and a member of BRICS.

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Image: Indira Gandhi International Airport.


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Textile manufacturing is the second largest source of employment after agriculture.

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Image: A boy separates starched sarees left to dry on the roof of a cotton factory in Hyderabad.
Photographs: Krishnendu Halder/Reuters
Tags: Indian

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25 interesting facts you must know about the Indian economy

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India is one of the fastest growing retail markets in the world. One of the top five retail markets in the world by economic value, the retail industry is estimated to be $450 billion.

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Image: LuLu Mall, Kochi


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India ranks second worldwide in farm output. India is the largest producer in the world of milk, jute and pulses.

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Photographs: Reuters

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India has the world's third largest road network, covering more than 4.3 million kilometers and carrying 60 per cent freight and 87 per cent passenger traffic.

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Photographs: Courtesy, NHAI

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Indian Railways is the fourth largest rail network in the world, with a track length of 114,500 kilometers.

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Photographs: Reuters
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India has a national teledensity rate of 74.15 per cent with 926.53 million telephone subscribers.

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Image: Bollywood actress Katrina Kaif displays the Sony Xperia Z high-end smartphone.
Photographs: Reuters

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Over half of India's population is below 25 years. By 2020, the average age of an Indian is expected to be 29 years.

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Photographs: Courtesy, Karnataka Tourism

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India's working-age population will increase by 240 million over the next two decades, according to Deutsche Bank. India has the second-largest pool of scientists and engineers in the world.

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Image: Employees work at their desks inside Tech Mahindra office building in Noida on the outskirts of New Delhi.
Photographs: Adnan Abidi/Reuters

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India has 122 billionaires with net assets of Rs 500 crore and above, as of December 2012.

The number of high net worth individuals (HNIs) in India is likely to more than double over the next 10 years, according to Knight Frank Wealth Report 2013. 

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Image: Mukesh Ambani with his wife Nita Ambani.
Photographs: Vivek Prakash/Reuters

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The production of passenger vehicles in India was recorded at 3.23 million in 2012-13 and is expected to grow at a compound annual growth rate (CAGR) of 13 per cent during 2012-2021, as per data published by Automotive Component Manufacturers Association of India (ACMA). Passenger car sales saw sales of 1.89 million units in 2012-13. 

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Photographs: Reuters

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Known as the Detroit of Asia, Chennai accounts for 35-40 per cent of India's total automobile industry.

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Photographs: Reuters

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With 1,55,618 post offices and over 5,66,000 employees, India has the largest postal network in the world.

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Image: Postal employees dispense stamps at Bombay's General Post Office.
Photographs: Reuters

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Domestic airlines carried 20.289 million passengers during January and April 2013.

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Image: A security personnel stands guard as Air India's Dreamliner Boeing 787 taxies upon its arrival at the airport in New Delhi.
Photographs: Mansi Thapliyal/Reuters
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The aviation sector in India has attracted foreign direct investment (FDI) worth $449.26 million from April 2000 to March 2013.

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Photographs: Reuters

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With official gold holdings of 557.7 tonnes, India ranks 10th in gold reserves.

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Photographs: Reuters

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India's foreign exchange reserves stand at $280.17 billion. 

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Photographs: Reuters

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The United States is India's largest software services market. Software services exports are expected to grow by 10 per cent to around $75 billion during the current fiscal year.

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Photographs: Courtesy, Infosys

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Indian Oil Corporation topped the list of eight companies from India in the Fortune 500 ranking. Reliance Industries, Tata Motors and Tata Steel also figured in list. 

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Image: An employee fills a car with petrol at a gas station in Jammu.
Photographs: Mukesh Gupta/Reuters

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India’s Rs 77 trillion banking industry has 87 scheduled commercial banks, 26 public sector banks, 20 private banks and 41 foreign banks.

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