- World's largest democracy with 1.2 billion people.
- Stable political environment and responsive administrative
- Well established judiciary to enforce rule of law.
- Land of abundant natural resources and diverse climatic
- Rapid economic growth: GDP to grow by 8.5% in 2010-11* and
9.0% in 2011-12.
- India's growth will start to outpace China's within three
to five years and hence will become the fastest large economy with
9-10% growth over the next 20-25 years (Morgan Stanley).
- Investor friendly policies and incentive based
- Second most attractive Foreign Direct Investment (FDI)
location in the world: India received a total of US$ 25.9
billion of FDI in 2009-10.
- Healthy macro-economic fundamentals: Investment rate is
expected to be 37% in 2010-11 and 38.4% in 2011-12 while Domestic
Savings rate is expected to be 34% in 2010-11 and 36% in
- India's economy will grow fivefold in the next 20 years
- Cost competitiveness; low labour costs.
- Total labour force of nearly 530 million.
- Large pool of skilled manpower; strong knowledge base with
significant English speaking population.
- Young country with a median age of 30 years by 2025:
India's economy will benefit from this "demographic
- The proportion of population in the working age group
(15-59 years) is likely to increase from approximately 58% in
2001 to more than 64% by 2021.
- Huge untapped market potential.
- The urban population of India will double from the 2001
census figure of 290m to approximately 590m by 2030
- Progressive simplification and rationalization of direct
and indirect tax structures.
- Reduction in import tariffs.
- Full current account convertibility.
- Compliance with WTO norms.
- Robust banking and financial institutions.
"* India's financial year is from April to March. 2010-11 above
means April 2010-March 2011."
India has undergone a paradigm
shift owing to its competitivestand in the world. The Indian
economy is on a robust growth trajectory and boasts of a stable
annual growth rate, rising foreign exchange reserves and booming
capital markets among others.
Indian economy is estimated to grow
at 8.5 percent in 2010-11 as compared to the growth rate of 8.0
percent in 2009-10. These GDP figures are based at factor cost at
constant (2004-05) prices in the year 2010-11. A growth rate of
19.1 percent is estimated for GDP at current prices in the year
According to the Department of
Agriculture and Cooperation (DAC), agriculture sector has showed an
upward revision as compared to their previous estimates in the
production of wheat (84.27 million tonnes from 81.47 million
tonnes), pulses (17.29 million tonnes from 16.51 million tonnes),
oilseeds (302.51 lakh tonnes from 278.48 lakh tonnes) and sugarcane
(340.54 million tonnes from 336.70 million tonnes) during 2010-11.
Due to this upward revision in the production, agriculture,
forestry and fishing sector in 2010-11 has shown a growth rate of
6.6 per cent, as against the previous growth rate of 5.4 per
The Index of Industrial Production
of Mining (IIP-Mining) registered a growth rate of 5.9 per cent
during 2010-11, as against the growth rate of 8.0 per cent during
April-November, 2010, which was used in the Advance
Estimates. Due to this decrease in the IIP-Mining, the growth
rate in GDP is now estimated at 5.8 per cent, as against the
Advance Estimates growth rate of 6.2 per cent.
Similarly, the IIP of manufacturing
registered a growth rate of 8.1 per cent during 2010- 11, as
against the growth rate of 10 per cent during April-November, 2010.
Due to this decrease in the IIP, the growth rate in GDP of
manufacturing sector is now estimated at 8.3 per cent, as against
the Advance Estimates growth rate of 8.8 per cent.
The community, social and personal
services sector has shown a rise in growth rate to 7.0 per cent in
Estimates, as against the growth rate of 5.7 per cent in the
Advance Estimates, mainly due to rise in total expenditure of
Central Government than anticipated (during April-December, 2010,
the total expenditure of Central Government showed an increase of
11.2 per cent over the corresponding period of previous year
was extrapolated in the Advance Estimates, whereas the Revised
Estimates, 2010-11 showed a rise of 19.4 per cent during
Republic of India ; Bharat
Indian peninsula is separated from mainland Asia by the Himalayas.
The Country is surrounded by the Bay of Bengal in the east, the
Arabian Sea in the west, and the Indian Ocean to the south. India
occupies a major portion of the south Asian subcontinent.
Coordinates: Lying entirely in the Northern Hemisphere,
the Country extends
between 8° 4' and 37° 6' latitudes north of the Equator, and 68°7'
and 97°25' longitudes east of it.
Time: GMT + 05:30
Afghanistan and Pakistan to the north-west; China, Bhutan and Nepal
to the north; Myanmar to the east; and Bangladesh to the east of
West Bengal. Sri Lanka is separated from India by a narrow channel
of sea, formed by Palk Strait and the Gulf of Mannar.
Coastline: 7517 km
encompassing the mainland, Lakshadweep Islands, and the Andaman
& Nicobar Islands.
climate of India can broadly be classified as a tropical monsoon
one. But, in spite of much of the northern part of India lying
beyond the tropical zone, the entire country has a tropical climate
marked by relatively high temperatures and dry winters. There are
four seasons - winter (December-February), (ii) summer
(March-June), (iii) south-west monsoon season (June-September), and
(iv) post monsoon season (October- November).
mainland comprises of four regions, namely the great mountain zone,
plains of the Ganga and the Indus, the desert region, and the
Coal, iron ore, manganese ore, mica, bauxite, petroleum, titanium
ore, chromite, natural gas, magnesite, limestone, arable land,
dolomite, barytes, kaolin, gypsum, apatite, phosphorite, steatite,