Indian Economy Overview

GDP 2008-09: US$ 744.4 billion
GDP (PPP) 2008-09: US$ 1,092.9 billion
Per Capita Income 2008-09: US$ 645.1
Per Capita Income (PPP) 2008-09: US$ 954.5
GDP growth rate 6.7 % in 2008-09

GDP composition by sectors:
Services 56 %
Agriculture 18.5 %
Industry 22 %

Foreign Exchange Reserve US$ 252 billion (March 2009)
Exports in 2007-08 USD $155.5 billion
Imports in 2007-08 USD $235.7 billion
Trade Deficit USD $ 80.4 billion
FDI inflows 2008-09 US$ 27.3 billion



Indian economy has been witnessing a phenomenal growth since the last decade. The country is still holding its ground in the midst of the current global financial crisis.

The GDP growth rate was 6.7 % in 2008-09 as compared to the growth rate of 8.7 % in 2007-08. The high economic growth in 2008-09 is based on a quantum jump in savings and investment rates. Foreign direct investments remained strong in 2009-09 and reached USD 27.3 billion. The saving rate has similarly scaled new highs reaching 37.7 per cent of GDP. This shows the confidence of the world in the Indian economy.

Today, India is seen as a vibrant economy and there are ample business opportunities to do business in India. India offers huge investment potential in several sectors like infrastructure, retail, real estate, automobiles, food processing, information technology, knowledge process outsourcing, business process outsourcing, healthcare, telecom among many others. With the policy regime being increasingly liberalized, India is able to woo the investors from across the globe. Overall the macro-economic fundamentals continue to inspire investor confidence and the investment climate is full of optimism. This is reflected, for instance, in the significant surge in capital inflows into the economy in the recent period, even when the global economy is showing distinct signs of slowing down. Despite the global slowdown, the Indian economy is estimated to grown at around 6%-7% in 2009-10.