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25 interesting facts you must know about the Indian economy

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

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

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).

25 interesting facts you must know about the Indian economy

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

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.

25 interesting facts you must know about the Indian economy

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

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.

25 interesting facts you must know about the Indian economy

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

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

Tags: GDP , GDP

25 interesting facts you must know about the Indian economy

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

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

25 interesting facts you must know about the Indian economy

Image: Indira Gandhi International Airport.

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

25 interesting facts you must know about the Indian economy

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

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

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25 interesting facts you must know about the Indian economy

Image: LuLu Mall, Kochi

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.

25 interesting facts you must know about the Indian economy


Photographs: Reuters

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

25 interesting facts you must know about the Indian economy


Photographs: Courtesy, NHAI

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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25 interesting facts you must know about the Indian economy


Photographs: Reuters

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

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25 interesting facts you must know about the Indian economy

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

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

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25 interesting facts you must know about the Indian economy


Photographs: Courtesy, Karnataka Tourism

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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25 interesting facts you must know about the Indian economy

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

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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25 interesting facts you must know about the Indian economy

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

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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25 interesting facts you must know about the Indian economy


Photographs: Reuters

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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25 interesting facts you must know about the Indian economy


Photographs: Reuters

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

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25 interesting facts you must know about the Indian economy

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

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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25 interesting facts you must know about the Indian economy

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

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

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Tags: Indian

25 interesting facts you must know about the Indian economy


Photographs: Reuters

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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25 interesting facts you must know about the Indian economy


Photographs: Reuters

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

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25 interesting facts you must know about the Indian economy


Photographs: Reuters

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

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25 interesting facts you must know about the Indian economy


Photographs: Courtesy, Infosys

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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25 interesting facts you must know about the Indian economy

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

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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25 interesting facts you must know about the Indian economy


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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