Facts & Figures

India is expected to overtake Japan to become the world’s third largest economy in 2015 in terms of gross domestic product (GDP), measured according to the domestic purchasing power of the rupee, also called purchasing power parity (PPP).

In 2010, the Japanese economy was worth US$ 4,31 trillion, with India trailing close at US$ 4,06 trillion and it is estimated that the Indian economy will reach a size of almost US$ 5 trillion by 2020.

India constitutes one of the largest agrarian economies in the world and India’s agriculture sector contributed about 14,2% to India’s gross domestic product (GDP) during 2009-10 and this sector is vital for the nation as it is the principal source of livelihood for more than 58% of the population.

The Index of Industrial Production (IIP) in India has registered overall growth of 6% during November 2011 and exuded confidence which will help improve the business sentiment.

The WPI inflation for the month of November 2011 is reported at 9,11% as against 9,73% last month and 8,20% in November 2010.

The total corporate tax collection in India in the first four months of April-July 2011 was estimated at US$ 18,84 billion contributing majorly to the overall tax collection which stood at US$ 29,39 billion showing an increase of 27%.

The indirect tax collections increased 16,1% to US$ 58,70 billion (Rs2,85,787 crore) during April-December 2011 mainly driven by an increase in service tax collection. Total collection of indirect tax, Customs, Central Excise and Service Tax, was US$ 49,92 billion in the same period last year.

Indian Railways is the single largest employer in the world with a work force of about 1,5 million people and operates 9000 passenger trains and transports 18 million passengers and 2 million tonnes of freight daily across the country and has recorded profits of 6,25 Billion USD in the year 2007-2008.

Indian telecom sector perceived an addition of 11,3 million telecom subscribers in the month of June 2011, increasing the total telecom subscriber base by 1,29% to 885,99 million.

The non-residents deposits with Indian Banks grew at a steady clip in the April-June 2011 period, growing by $1,2 billion, against $1,1 billion in the corresponding period last year and accumulative deposits stood at $52,898 billion as on June end 2011.