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India Business & Economic Overview

Dr Manmohan Singh Prime Minister

India

Area: total: 3,287,590 sq km

Natural resources: coal (fourth-largest reserves in the world), iron ore, manganese, mica, bauxite, titanium ore, chromite, natural gas, diamonds, petroleum, limestone, arable land

Land use: arable land: 56%, permanent crops: 1%, permanent pastures: 4%, forests and woodland: 23%, other: 16%

Population: 1,029,991,145

Ethnic groups: Indo-Aryan 72%, Dravidian 25%, Mongoloid and other 3%

Religions: Hindu 81.3%, Muslim 12%, Christian 2.3%, Sikh 1.9%, other groups including Buddhist, Jain, Parsi 2.5%

Languages: English enjoys associate status but is the most important language for national, political, and commercial communication

GDP: purchasing power parity - $2.2 trillion

GDP - real growth rate: 6%

GDP - per capita: purchasing power parity - $2,200

GDP - composition by sector: agriculture: 25%, industry: 24%, services: 51% (2000)

Industries: textiles, chemicals, food processing, steel, transportation equipment, cement, mining, petroleum, machinery, software

Industrial production growth rate: 7.5%

Agriculture - products: rice, wheat, oilseed, cotton, jute, tea, sugarcane, potatoes; cattle, water buffalo, sheep, goats, poultry; fish

Exports: $43.1 billion

Exports - commodities: textile goods, gems and jewelry, engineering goods, chemicals, leather manufactures

Exports - partners: US 22%, UK 6%, Germany 5%, Japan 5%, Hong Kong 5%, UAE 4%

Imports: $60.8 billion

Imports - commodities: crude oil, machinery, gems, fertilizer, chemicals

Imports - partners: US 9%, others 8%, UK 6%, Saudi Arabia 6%, Japan 6%, Germany 5%

===

India Prime Minister & Ministers

================

Dr. Manmohan Singh Prime Minister and also in-charge of (i) Ministry of Coal & Mines (ii) Ministry of Personnel, Public Grievances & Pensions; (iii) Ministry of Planning; (iv) Department of Atomic Energy; and (v) Department of Space.

K. Natwar Singh Minister of External Affairs.

Kamal Nath Minister of Commerce & Industry.

P.M. Sayeed Minister of Power.

Pranab Mukherjee Minister of Defence.

Arjun Singh Minister of Human Resource Development.

Sharad Pawar Minister of Agriculture and Minister of Consumer Affairs, Food & Public Distribution.

Lalu Prasad Minister of Railways.

Shivraj V. Patil Minister of Home Affairs

. Ram Vilas Paswan Minister of Chemicals & Fertilizers and Minister of Steel.

Ghulam Nabi Azad Minister of Parliamentary Affairs and Minister of Urban Development.

S. Jaipal Reddy Minister of Information & Broadcasting and Minister of Culture.

Sish Ram Ola Minister of Labour & Employment.

P. Chidambaram Minister of Finance.

Mahavir Prasad Minister of Small scale Industries and Minister of Agro & Rural Industries.

P.R. Kyndiah Minister of Tribal Affairs and Minister of Development of North Eastern Region.

T.R. Baalu Minister of Road Transport & Highways and Minister of Shipping.

Shankarsinh Vaghela Minister of Textiles.

H.R. Bhardwaj Minister of Law & Justice.

Raghubansh Prasad Singh Minister of Rural Development.

Priyaranjan Dasmunsi Minister of Water Resources.

Mani Shankar Aiyar Minister of Petroleum & Natural Gas and Minister of Panchayati Raj.

Sunil Dutt Minister of Youth Affairs & Sports.

Meira Kumar Minister of Social Justice & Empowerment.

K. Chandra Shekhar Rao Cabinet Minister without portfolio.

A. Raja Minister of Environment & Forests.

Dayanidhi Maran Minister of Communications & Information Technology.

Dr. Anbumani Ramdoss Minister of Health & Family Welfare

*Detail in India Page (eStore CanadaAsia Section)

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Economics Data Countries, call data are estimated

Countries Population

==

Canada 32 Ml

Pakistan 160 Ml

Iran 70 Ml

Turkey 71 Ml

Bangladesh 147 Ml

China 1,300 Ml

Egypt 75 Ml

India 1,050 Ml

Malaysia 25 Ml

Indonesia 220 Ml

Kenya 32 Ml

Sri Lanka 19 Ml

Tanzania 37 Ml

Afghanistan 24 Ml

Azerbaijan 9 Ml

Kazakhstan 16 Ml

Kyrgyzstan 5 Ml

Tajikistan 6 Ml

Turkmenistan 5 Ml

Uzbekistan 25Ml

Average Annual Income

==

Canada 21,930

Pakistan 652

Iran 1,680

Turkey 2,580

Bangladesh 380

China 890

Egypt 1,530

India 460

Malaysia 3,330

Indonesia 690

Kenya 350

Nigeria 290

Sri Lanka 880

Tanzania 270

Azerbaijan 650

Kazakhstan 1,350

Kyrgyzstan 280

Tajikistan 180

Turkmenistan 950

Uzbekistan 610

PPP Purchasing Power Parity

===

Canada 29,400

Pakistan 2,100

Iran 7,000

Turkey 7,000

Bangladesh 1,800

China 4,400

Egypt 4,000

India 2,540

Malaysia 9,300

Export

==

Canada 260 bl

Pakistan 14 bl

Iran 25 bl

Turkey 76 bl

Bangladesh 6 bl

China 326 bl

Egypt 7 bl

India 62 bl

Malaysia 95 bl

Import

===

Canada 229 bl

Pakistan 18 bl

Iran 22 bl

Turkey 82 bl

Bangladesh 9 bl

China 296 bl

Egypt 15 bl

India 54 bl

Malaysia 77 bl

GDP

===

Canada 923 bl

Pakistan 311 bl

Iran 450 bl

Turkey 468 bl

Bangladesh 238 bl

China 5,700 bl

Egypt 290 bl

India 2,660 bl

Malaysia 210 bl

Gdp Growth

===

Canada 3.40%

Pakistan 8.35%

Iran 6.50%

Turkey 8.9%

Bangladesh 4.80%

China 9.70%

Egypt 3.20%

India 7.50%

Malaysia 4.20%

Power

=====

Canada 557 bl kwh

Pakistan 67 bl kwh

Iran 125 bl kwh

Turkey 117 bl kwh

Bangladesh 16 bl kwh

China 1,312 bl kwh

Egypt 75 bl kwh

India 554 bl kwh

Malaysia 69 bl kwh

Oil Production bbb per day

==

Canada 2,738,000

Pakistan 62,870

Iran 3,840,000

Turkey 48,000

Bangladesh 3,581

China 3,300,000

Egypt

India 732,400

Malaysia 729,200

Oil consumation bbb per day

====

Canada 1,703,000

Pakistan 365,000

Iran 1,277,000

Turkey 619,500

Bangladesh 71,000

China 4,975,000

Egypt

India 2,130,000

Malaysia 472,000

===

Indian exports rise to $61.84 billion in the fiscal year ended March. Exports in 2003/2004 were 17.26 percent higher at $61.84 billion from $52.74 billion in the previous year

Export growth has been very strong. Despite complaints from exporters about a rising rupee they have grown at a robust pace. The rupee has gained about four percent against the dollar since January

. The Indian economy, Asia's third-largest, is expected to grow more than eight percent in the year to March 2004 on the back of the best monsoon rains in a decade, placing it in the ranks of the world's fastest growing economies.

Earlier this year the government had announced a string of measures to boost exports which account for nearly 10 percent of India's gross domestic product.

 
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