Country Report India

High growth continues, but still a long way to go

• Although forecasts have been revised downwards, economic growth remains high (8.4%) in 2012.

• High consumer prices are the most serious concern, undermining the purchasing power of the poor majority.

• The tighter monetary policy to curb inflation has contributed to a growth slowdown in H2 of 2011.

• Major structural deficiencies, but only slow reform progress as the current government has been weakened by corruption scandals.

• Ample international liquidity and a low level of external debt ensure that India will continue to grow fast in the future.

Real GDP growth (%)

Source: EIU / IMF

Fiscal balance (% of GDP)

 Source: EIU / IMF

   Download full country report on India

Download full country report on India

 
General Information

Capital: New Delhi
Government type: Federal Republic
Currency: India Rupee (INR)
Population: 1.2 billion
Status: Lower middle income country
(GDP/capita: US$1,643 in 2011)
 
Main import sources (2009)

• China: 11.8%
• UAE: 7.4%
• USA: 6.0%
• Saudi Arabia: 5.4%
• Australia: 4.5%

Main export markets (2009)

• UAE: 14.4%
• USA: 10.8%
• China: 5.9%
• Hong Kong: 4.1%
• Singapore: 3.9%

 _________________
Date: November 2011