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India at a Glance
General Information
• India is a Union of States with parliamentary system of Government
• Land area: 3.29 million square kilometers
• Capital: New Delhi
• Population: 1.027 billion (March 1, 2001)
• Climate: mainly tropical with temperature ranging from 10o – 40o C in most parts
• Time zone: GMT + 5 1/2 hours
• Major international airports: New Delhi, Mumbai, Chennai, Kolkata, Bangalore, Hyderabad, Thiruvananthapuram
• Major ports of entry: Chennai, Ennore, Haldia, Jawaharlal Nehru, Kolkata, Kandla, Kochi, Mormugao, Mumbai, New Mangalore, Paradip and Tuticorin, Vizag
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Basic Economic Statistics
• GDP at current prices (2006-07): $ 911 billion
• GDP (PPP) (2006) = US $4156 (4th largest in the world)
• GDP growth rate (2006-07) : 9.4%
• Exchange rate: Rs.39.68/$ (as on November 26, 2007)
• Foreign Exchange reserves: US $271.148 billion (as on 16.11.2007)
• Exports (2006-07): US $127 billion, Growth Rate: 20.9 %
• Imports (2006-07): US $192 billion, Growth Rate : 21.59 %
• Foreign Direct Investment (2006-07): US $19.5
• Portfolio Investment (2006-07): US $7.1 billion
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Investment Outlook
A number of studies in the recent past have highlighted the growing attractiveness of India as an investment destination. According to the study by Goldman Sachs, Indian economy is expected to continue growing at the rate of 5% or more till 2050. Indian economy is slated to become the fourth largest economy by 2050. Some of these conclusions are listed below:
• 2nd most attractive destination - ATKEARNEY Business Confidence Index, 2005
• Best off shoring destination - ATKEARNEY Off shoring Index, 2004
• Among the top three investment hotspots - UNCTAD and Corporate Location Survey April 2004.
India can sustain 10% growth rate-OECD Survey, 2007
India is the second most attractive location for foreign direct investment-UNCTAD's World Investment Report, 2007
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