INDIAN ECONOMY-HIGHLIGHTS
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The
Economy of India is the eleventh largest in the world by nominal GDP
and the fourth largest by purchasing power parity (PPP).
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Agriculture
including allied activities accounted for 13.9 per cent of GDP, it is
the predominant occupation in India, accounting for about 52% of
employment.
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India is the largest producer and consumer of black tea in the world.
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India ranks first in the world in milk production.
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India ranks among the top three countries in egg production in the world.
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India
is the fourth largest producer of natural rubber (NR) in the
world. India is the sixth largest producer of coffee after Brazil,
Vietnam, Colombia, Indonesia, and Ethiopia.
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India is the third largest producer and consumer of fertilizers in the world after China and the USA.
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Oil and gas constitute around 45 per cent of total energy consumption of India.
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India is at the fifth position globally after Germany, Spain and USA in Wind Power production.
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India ranks a low 134 among 187 countries in Human Development Index 2011.
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India currently accounts for 1.5% of world trade as of 2010 according to the World Trade Statistics of the WTO.
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India is the second largest producer of quality cement in the world.
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The Indian Paper Industry is among the top 15 global players today, with an output of more than 11 millions tones annually.
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The Textiles sector is the second largest provider of employment after agriculture.
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India is the second largest producer of cotton (4.13 mn. metric tones), accounting for 16 per cent of global production.
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India is the largest producer and second largest exporter of jute goods in the world.
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India is the second largest producer of silk and contributes about 18% to the total world raw silk production.
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India is the seventh largest producer of wool and contributes 1.8% to total world production.
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Indian Chemical Industry is 12th largest in the world and 3rd largest in Asia.
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India is the fourth largest producer of crude steel in the world after China, Japan, and the USA.
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India is the largest sponge iron producer in the world.
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India
is the world's second fastest growing auto market and boasts of the
sixth largest automobile industry after China, the US, Germany, Japan
and Brazil.
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India is the largest cutting and polishing industry for diamond in the world.
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India is the 16th largest country in the world in terms of Gross Shipping tonnage by nationality of owner.
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India has the largest postal network in the world with 1,55,015 post offices.
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India is the world's fastest growing Wireless market.
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India is the second largest producer of fruits and vegetables in the world.
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India is the largest overseas exporter of cashew nuts and spices.
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India is the second largest two-wheeler manufacturer in the world.
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India is the second tractor manufacturer in the world.
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India is fifth largest commercial vehicle manufacturer in the world.
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India is the second largest producer of quality cement in the world.
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India is world's largest producer of mica blocs and splittings.
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India ranks third among global chromite producers.
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India ranks third in the production of coal, lignite, barites.
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India ranks sixth in the production of bauxite and manganese ore.
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India ranks tenth in the production of aluminium.
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India produces 89 minerals of which 4 are fuel minerals, 11 metallic, 52 non-metallic and 22 minor minerals.
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India's power market is the fifth largest in the world.
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Indian retail industry is ranked among the ten largest retail markets in the world.
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India has the world's biggest movie industry producing around 1000 movies each year.
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India's per capita energy consumption is 439 kg of oil equivalent.
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India's per capita emissions is 1.52 CO2 tons of CO2.
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India ranks among top five countries in terms of GHG absolute emissions.
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India's
share in global exports and imports is 1.5 per cent and 2.2 per cent
respectively in 2010 (1.4 and 2.1 per cent as per WTO).
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UAE is India's largest trading partner followed by China and USA.
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The
top four items in India's manufactured exports are engineering goods,
gems and jewellery, chemicals and related products, and textiles.
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In the top 100 imports of the world, India has only 6 items with a share of 5 per cent and above in 2010.
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India's trade deficit as a per cent of GDP at 5.7 percent in 2010, is 3rd highest in the world after Hong Kong and UK.
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Among
its top 15 trading partners, India had bilateral trade surplus with
five countries, namely the UAE, USA, Singapore, the UK, and Hong Kong.
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Gujarat and Maharashtra, account for 46 per cent of total exports from India.
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China is the largest source with an 11.7 per cent share in India's total imports followed by the UAE and Switzerland.
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UAE is the top destination for India's exports followed by the USA and China.
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India is the 5th
largest exporter and importer of commercial services preceded by the
EU, and US, China and Japan with the same ranks both in exports and
imports of commercial services.
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India is the fourth largest foreign exchange reserve holder in the world, after China, Japan and Russia.
Source: (Compiled from Economic Survey of India and India Year Book)