Economy of India
Currency Indian rupee (INR, ₹) Inflation (CPI)
Fiscal year • Negative increase 5.49% (September2024)
1 April – 31 March Unemployment
Trade organisations • Positive decrease 7.6% March 2024
WTO, WCO, SAFTA, BIMSTEC, WFTU, BRICS, G- Exports Increase $776.68 billion (FY 2023–24)
20, BIS, AIIB, ADB and others
Export goods
Country group
• Manufacturers 70.7%
• Developing/Emerging • Fuels and mining products 14.7%
• Lower-middle income economy • Agricultural products 14.1%
• Mixed economy • Others 0.5% (2022)
• Newly industrialized country
• Welfare state Main export partners (2023–24)
• Socialist state • United States 17.7%
Statistics • European Union 17.4%
• United Arab Emirates 8.2%
Population Neutral increase 1,428,627,663 (1st; • China 5.7%
2024 est.) Hong Kong 1.9%
GDP • Singapore 2.9%
• United Kingdom 2.6%
• Increase $3.89 trillion (nominal; 2024 est.) • Saudi Arabia 2.6%
• Increase $16.02 trillion (PPP; 2024 est.) • Bangladesh 2.5%
GDP rank • South Africa 2.0%
• Australia 1.8%
• 5th (nominal; 2024)
• 3rd (PPP; 2024) Imports Positive decrease $854.80 billion (FY 2023–24)
GDP growth Import goods
• Increase 8.2% (FY2023) • Agricultural products 7%
• Increase 7.0% (FY2024) • Fuels and mining products 33.2%
• Manufacturers 52.1%
GDP per capita • Other 7.7 % (2022)
• Increase $2,698 (nominal; 2024 est.) Main import partners (2023–24)
• Increase $11,112 (PPP; 2024 est.)
• China 18.1%
GDP per capita rank Hong Kong 3.0%
• Russia 9.1%
• 136th (nominal; 2024)
• European Union 8.8%
• 125th (PPP; 2024)
• United Arab Emirates 7.1%
GDP by sector • United States 6.0%
• Saudi Arabia 4.7%
• Agriculture: 18.4%
• Iraq 4.4%
• Infrastructure: 3.4% [15]
• Indonesia 3.5%
• Industry: 28.3%
• Switzerland 3.1%
• Services: 53.3%
• Singapore 3.1%
Economy of India
