India is a developing country with a fast growing economy. The country has a huge workforce and diversified natural resources.
Gross Domestic Product (GDP) at current prices
GDP at current prices was INR 78,756.27 billion in 2010-11, as compared to INR 65,502.71 billion in 2009-10.
(Source: RBIpg 12)
GDP at current prices in the first, second and third quarter of 2010-11 amounted to INR 20,192.13 billion, INR 20,352.03 billion and INR 23,050.54 billion.
(Source: National Statistics, pg 5)
The major contribution to the GDP of India comes from Services sector that contributes around 63% of total GDP. Agriculture and Industry contribute each around 20% to the total GDP. Over the period the share of Services-to-GDP has increased over the share of Agriculture-to-GDP.
(Source: RBI)
GDP at PPP
GDP at PPP was registered at USD 4,457.784 billion in 2011, marginally higher than Japan’s USD 4440.376, making it the third-biggest economy after the United States and China. The GDP at PPP is projected to be USD 4,824.55 billion and USD 5254.58 billion in 2012 and 2013 respectively.
(Source: IMF)
GNI per capita (constant 2005 international $)
The GNI per capita at PPP in 2011 amounted to USD 3,468 as compared to USD 2,280 in 2005.
(Source: UNDP)
Income tax rate
The income tax rate imposed on an individual is 30.9%. The below income tax is applicable from FY 2012-13.
|
Income
|
Tax Rates
|
|
For Males below 60 years
|
|
Up to 200,000
|
Nil
|
|
200,001-500,000
|
10%
|
|
500,001-1,000,000
|
20%
|
|
Above 1,000,000
|
30%
|
|
For Females below 60 years
|
|
Up to 200,000
|
Nil
|
|
200,001-500,000
|
10%
|
|
500,001-1,000,000
|
20%
|
|
Above 1,000,000
|
30%
|
|
For senior citizens (above 60 but below 80 years)
|
|
Up to 250,000
|
Nil
|
|
250,001-500,000
|
10%
|
|
500,001-1,000,000
|
20%
|
|
Above 1,000,000
|
30%
|
|
For senior citizens (above 60 but below 80 years)
|
|
Up to 250,000
|
Nil |
| 250,001-500,000 |
10% |
| 500,001-1,000,000 |
20% |
| Above 1,000,000 |
30% |
(Source: financeministry.in)
The Value-added-tax rate in the country is 12.5%.
(Source: taxrates.cc)
Corporate rax rate
The corporate tax rate levied is 33.99% in the country.
(Source: taxrates.cc)
Inflation rate
Inflation in Consumer Price Index for Industrial Workers (CPI-IW) stood at 5.3 per cent in January 2012 as compared to 6.5 per cent in the last month. CPI-IW food inflation (weight 46.20%) has declined to 0.49 per cent in January 2012 from 1.97 per cent in the last month. CPI-RL food inflation (weight 66.77%) has declined to 0.50 per cent in January 2012 from 2.37 per cent in last month.
(Source: Ministry of Finance)
FDI and portfolio investment inflow
The foreign direct investment inflow was registered at USD 30,380 million in 2010-11, decreasing 19.5% as compared to the previous year. Portfolio investment inflows amounted to USD 31,471 million in the same period.
|
Year
|
Foreign Direct Investment
|
Portfolio Investment
|
|
|
(USD million)
|
|
2011-12
|
32,952
|
17,409
|
|
2010-11
|
30,380
|
31,471
|
|
2009-10
|
37,763
|
32,376
|
|
2008-09
|
37,838
|
-13,855
|
|
2007-08
|
34,835
|
27,271
|
|
2006-07
|
22,826
|
7,003
|
|
2005-06
|
8,961
|
12,492
|
|
2004-05
|
6,051
|
9,315
|
(Source: RBI, http://www.rbi.org.in/scripts/BS_ViewBulletin.aspx?Id=13622)
Reserve requirements (cash reserve ratio)
The Cash Reserve Ratio (CRR) in April 2012 was registered at 4.75% and the Statutory Liquidity Ratio (SLR) was at 24%.
(Source: RBI)
Banking sector assets
The total bank sector assets were INR 71,835.22 billion in 2010-11. Furthermore, Gross Non-Performing Loan-to-Gross Advances ratio was recorded at 2.25% in 2010-11 and Net Non-Performing Loan-to-Net Advances was recorded at .97% in 2010-11.
(Source: RBI, Pg 81,96)
Reserve Bank of India (Balance Sheet)
|
Total assets (INR billion)
|
|
Year
|
2011-12
|
|
Total Assets
|
10,245.54
|
|
Notes
|
10,558.28
|
|
Rupee coin
|
0.88
|
|
Small coin
|
|
|
Balance held abroad
|
3514.56
|
|
Investments
|
5904.72
|
|
Loans and advances to government
|
2.28
|
|
Loans and advances to banks
|
90.18
|
|
Other assets
|
733.68
|
(Source: RBI, http://www.rbi.org.in/scripts/BS_ViewBulletin.aspx?Id=13572)
Stock market capitalisation
The Stock Market Capitalisation in June 2011 at the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) was INR 65.75 trillion and INR 67.29 trillion respectively.
(Source: RBI)