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General Facts [] Economic
Profile [] What India Offers
Land Area: 3.29 million square
kilometres
Capital: New Delhi
Government: Democratic, Parliamentary
Political System: India is
a republic with a federal structure, comprising 26 States and 6 Union Territories.
The 1950 Constitution provides for a parliamentary system of government
with a bicameral parliament and three branches: the executive, legislative,
and judiciary.
Judicial System: Well developed
independent judiciary, comprising the Supreme Court which is the apex judicial
authority, High Courts in every state and lower courts at the town levels
Population: 952 million (March
1998)
Population Growth Rate: 1.71%
(1998)
Population Density: 267 persons/sq.km
(1991 census)
Life Expectancy: 57.7 years,
male; 58.7 years, female (1991 census)
Literacy Rate: 52.21 % (1991
census)
Languages Spoken: India is
a multilingual society with 18 principal languages. Hindi is the language
of a large percentage of people (38%), while English is the preferred business
language.
Major Religion: Majority
are Hindus, though a significant number are Muslims, Christians, Sikhs,
Buddhists, etc.
International Airports: New
Delhi, Mumbai, Chennai, Calcutta and Thiruvananthapuram.
Major Ports of Entry: Calcutta,
Chennai, Kandla, Kochi, Mormugao, Mumbai, New Mangalore, Paradip, Tuticorin
and Vishakapatnam.
Climate: Mainly tropical
with temperatures ranging from 10°- 40° C in most parts of the
country
Time Zone: GMT + 5 1/2 hours
Currency Unit: Indian Rupee
(1 US$ = 42 Rupees)
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E c o n o m i c P
r o f i l e
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GDP at current prices: USS 324 billion (Rs 11,492
billion, 1996-97)
Average Real GDP Growth: 6.8% between 1992 - 98
Exports: US $ 33.98 billion (1997-98)
Imports: US $ 40.78 billion (1997-98)
Foreign Exchange Reserves: US $ 26 billion (March
1998)
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W ha t I n d
i a O f f e r s - C o m p e t i t i v e A d v a
n t a g e s
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One of the largest economies of the world,5th largest
economy in terms of purchasing power parity
Large and rapidly growing consumer market - upto 300
million people constitute the market for branded consumer products
Easy access to markets of the other SAARC nations (Bangladesh,
Bhutan, Maldives, Nepal, Pakistan and Sri Lanka)
Large and diversified infrastructure spread across the
country
Strong and mature private sector accounting for 75% of
the GDP
Large manufacturing capability, spanning almost all areas
of manufacturing activities
Well-developed R&D infrastructure and technical and
marketing services
An abundance of natural resources, a rich mineral base
and agricultural self-sufficiency
Developed banking system, commercial banking network
of over 63,000 branches, supported by a number of national and state level
financial institutions
Vibrant capital market comprising 22 stock exchanges
with over 9,000 listed companies
Skilled manpower and professional management including
engineers, managerial personnel, accountants, lawyers, etc. available at
competitive costs
Conducive foreign investment environment that provides
freedom of entry, investment, location, choice of technology, import and
export
Current account convertibility, capital account convertibility
for foreign investors
Well-balanced package of fiscal incentives
Stable democratic environment in over 50 years of independence
Established, independent judiciary with a hierarchy of
courts
English as the preferred business language
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