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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: com.seoul@mea.gov.in

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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