India Fast Facts
India is located in Southern Asia, bordering the Arabian Sea and the Bay of Bengal, between Burma and Pakistan. India’s land area is 2,973,193 sq km which makes it the world’s 7th largest country by size. India is densely populated in many areas. With a population of 1,173,108,018 (July 2010 est.), India is the world’s second largest country by population size.
India Economy and GDP
India is developing into an open-market economy. Economic liberalization, including reduced controls on foreign trade and investment, began in the early 1990s and has served to accelerate the country's growth, which has averaged more than 7% per year since 1997.
India’s economy is estimated to have a GDP of $3.56 trillion (2009 est. in US dollars) which makes it the world’s 5th largest economy when measured in terms of Purchasing Power Parity (PPP).
India's diverse economy encompasses traditional village farming, modern agriculture, handicrafts, a wide range of modern industries, and a multitude of services. Slightly more than half of the work force is in agriculture, but services are the major source of economic growth, accounting for more than half of India's output, with only one-third of its labor force. India has capitalized on its large educated English-speaking population to become a major exporter of information technology services and software workers.
An industrial slowdown early in 2008, followed by the global financial crisis, led annual GDP growth to slow to 6.5% in 2009, still second highest growth in the world among major economies. India escaped the brunt of the global financial crisis because of cautious banking policies and a relatively low dependence on exports for growth.
Investing in India and India’s Economy
There are many ways to invest in India ranging from Indian stocks traded internationally, Exchange Traded Funds (ETFs) specific to India or including India as part of the Asian region. Investors seeking to learn more about investment opportunities in India should click below:
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