Gross Domestic Product (GDP) Composition by Sector (FY 2014)

  • Services : 65 per cent
  • Industry : 18 per cent
  • Agriculture : 17 per cent
  • Forex Reserves : US$ 352.51 billion as on December 18, 2015.
  • Exports : India's exports were US$ 217.67 billion for the period April 2015-January 2016
  • Imports : India's imports were US$ 324.52 billion for the period April 2015-January 2016
  • Major Export Partners : US, Germany, UAE, China, Japan, Thailand, Indonesia and European Union.
  • Currency (code) : Indian rupee (INR)
  • Exchange Rates : Indian rupees per US dollar - 1 USD = 68 INR approx. (February 2016)
  • Fiscal Year : 1 April - 31 March

Economic Outlook

According to World Bank, Indian economy is expected to grow at 7.5 per cent in 2015-16, followed by further acceleration to 7.8 per cent in 2016-17 and 7.9 per cent in 2017-18.  According to IMF World Economic Outlook April 2015, India ranks seventh globally in terms of GDP at current prices and is expected to grow at 7.5 per cent in 2016.

India’s economy has witnessed a significant economic growth in the recent past, growing by 7.3 per cent in FY2015 as against 6.9 per cent in FY2014.  The size of the Indian economy is estimated to be at Rs.129.57 trillion (US$ 2.01 trillion) for the year 2014 compared to Rs.118.23 trillion (US$ 1.84 trillion) in 2013.

Make in India and Digital India

Numerous foreign companies are setting up their facilities in India on account of various government initiatives like Make in India and Digital India.  Prime Minister of India, Mr. Narendra Modi, launched the Make in India initiative with an aim to boost the manufacturing sector of Indian economy.  This initiative is expected to increase the purchasing power of an average Indian consumer, which would further boost demand, and hence, spur development, in addition to benefiting investors.

Besides, the Government has also come up with Digital India initiative, which focuses on three core components; creation of digital infrastructure, delivering services digitally and to increase the digital literacy.

More information can be obtained at following websites :