20 facts you must know about India's growth

 
The Indian economy is the eleventh largest in the world by nominal GDP and the fourth largest by purchasing power parity (PPP).

India  is poised to achieve 9 per cent economic growth in the current financial year itself, driven by robust performance by the agriculture and industry sectors.
The economy grew by 8.9 per cent in the second quarter of the current fiscal.

India has emerged as one of the world's top ten countries in industrial production. The nation's industrial production grew at the fastest pace in three months at 10.8 per cent.
Manufacturing grew 11.3 percent in October after a 4.6 percent gain in September.

India is one of the fastest growing automobile markets in the world, expanding at 35 per cent on average in the first four months of the current financial year.

The Bombay Stock Exchange has been rated as the world's best performing stock market recently. With a 13 per cent gain, Sensex is among the world's 10 biggest markets, according to data collected by Bloomberg.

Indian companies have become bigger and stronger in the last ten years with the average revenue of a company on the Fortune India 500 list standing at Rs 7,632.5 crore (Rs 76.32 billion).
The total revenue of the Fortune India 500 companies stands at Rs 38,16,239.40 crore.

India is the world's largest recipient of overseas remittances. The remittances grew from $49.6 billion in 2009 to $55 billion in 2010.
It is also the country with the second largest number of emigrants after Mexico, according to the World Bank.

India owns over 18,000 tonnes of above ground gold stocks worth approximately $800 billion and representing at least 11 per cent of global stock, according to estimates of World Gold Council.
India ranks 11th in the world with 557.7 tonnes of gold reserves.

India is among the top 10 nations in terms of foreign exchange reserves. The country's foreign exchange reserves breached the $300-billion mark for the first time since 2008 with an addition of $2.2 billion on the back of a healthy rise in foreign currency. The nation's forex reserves currently stand at $296.40 billion

India's services sector, backed by the IT revolution, remains the biggest contributor to the country's GDP, with a contribution of 58.4 per cent.

The industry sector contributed 24.1 per cent and the agriculture sector contributed 17.5 per cent to the GDP.

India's civil aviation sector will be among the top five in the world in the next five years.
Indian domestic air traffic is expected to reach 160-180 million passengers per year, while international traffic will exceed 80 million.

India's exports during November jumped by 26.8 per cent to $18.9 billion year-on-year. India's exports during April-September aggregated to $103.65 billion registering a year-on-year growth of 28 per cent.

India, China and Brazil are the top three target countries for foreign direct investment until the end of 2012 with the United States, for years number one, now in fourth place, according to the UN trade and development agency UNCTAD.

The Indian telecommunications industry is the world's fastest growing telecommunications industry, 723.28 million telephone (landlines and mobile) subscribers and 687.71 million mobile phone connections as of September 30, 2010.

The number of Internet users in India is estimated at 81 million. The Telecom Regulatory Authority of India pegs the number of broadband subscribers at 10.08 million in August 2010.

The Indian IT-BPO industry is expected to exceed $70 billion in fiscal 2011.
The Indian IT-BPO exports are projected to grow by 13 per cent to 15 per cent while domestic IT-BPO will grow slightly more by 15 per cent to 17 per cent during fiscal 2010-11.

India has the largest number of post offices in the world. The world's highest post office, Hikkim is located at 15,500 feet in the Lahaul Spiti district of Himachal Pradesh.

The largest employer in India is the Indian Railways, employing over 1.6 million people. Indian Railways started operations on April 16, 1853.

India ranks second in farm output globally. India is one of the largest producer in the world of milk, cashew nuts, coconuts, tea, ginger, turmeric and black pepper.

Tourism is the largest service industry in India, with a contribution of 6.23 per cent to the national GDP. The number of foreign tourists visiting the country during September this year is higher than that of the same month last year.
Around 3.69 lakh (369,000) foreign tourists came to India in September this year as compared to 3.28 lakh (328,000) during the same month in 2009.

 

SARAVANA PRAKASH said...

Inspiring to see India moving ahead in all spheres. But, if we consider Human Resource Development, we still lag behind. Based on HDI index released by UN, India ranks 134 out of 145 countries. So, our rate of growth can be pushed ahead, if our human resource is properly utilized.

December 16, 2010 9:54 PM

Is not India shining?

India ranks second worldwide among businessmen on the trade confidence level after the recent global financial crisis, a survey has said.

The country, with 133 points, ranks next to United Arab Emirates [ Images ] (134 points) on the global trade confidence level index, according to the survey conducted by Hongkong Shanghai Banking Corporation (HSBC).
Vietnam, with 132 points and Brazil [ Images ] with 129, are third and fourth respectively. France [ Images ], with 95 points, was 17th and last in the index, with a very low confidence level, HSBC India [ Images ] trade and supply chain head Bhriguraj Singh said in New Delhi [ Images ] on Tuesday.
He said the survey had found that some markets, including Asia Pacific region, Latin America, Canada [ Images ] and Europe were in positive territory after the financial crisis.
A total of 5,120 small and medium exporters globally were respondents for the findings and were asked for their outlook for the next six months, he said.
He said emerging economies topped the index with 122 points against 106 points for developed markets.
Stating that the confidence level among Indian exporters remained upbeat, he said trade confidence in India grew to 133 points from 117 in the second half of 2009, which reeled under the impact of the global financial crisis.
Giving statistics, he said exports were around $12.4 billion in January 2009, but rose to $14.3 billion in January 2010.
Similarly, exports in February 2010 also increased to $16.1 billion from $11.09 billion in February 2009.
Exports in 2008-09 stood at $162 billion and marginally increased to $164 billion in 2009-10, he said.
He said the survey had found that 60 per cent of Indian exporters expect finance from banks to increase in the next six months, while 59 per cent are confident of having access to finance through banks.

Is not India Shining?

A 14-year-old girl of Indian-origin has been crowned as Australia's brainiest student in a battle of neuroscience knowledge in Sydney.
Uma Jha, from Perth's Shenton College, in inner-west Shenton Park, outsmarted more than 4000 competitors from across Australia to bag the title.
The 2010 Australian Brain Bee Challenge is designed to test high school students on a range of topics, including intelligence, memory, emotions, sleep, Alzheimer's disease and stroke.
Uma has to compete against other state winners in the national final of the competition, which included a brain-teasing anatomy exam, doctor-patient diagnosis and a neuroscience quiz.
"The competition was tied right up until the end and it was a really nerve-wracking finish," News.com.au quoted Uma as saying after the event.
"I've never won a national science competition before, so it's amazing," she added.
However the hard work does not stop here for Uma. She will now travel to California for the International Brain Bee Challenge in August. (ANI)

Is not India shining ?

Karate kid surprises British champion — Photo: Special Arrangement

Amazing at 5: Five-year-old Varsha Vinod, considered to be the world’s youngest black belt.

LONDON: Five-year-old Indian girl Varsha Vinod, considered the world’s youngest black belt holder, surprised a British karate champion with her skills in a mock-fight.

Juan Moreno, who is expected to represent Britain in the European Championships next year, said he was shocked at how good she was.

Moreno, 31 years her senior, said, “She is the ultimate karate kid. It’s hard to remember that she is just five, her skills and concentration are amazing.” Varsha, a student at the Academy of Martial Arts at Alappuzha, Kerala, trains for two-and-half hours each day, The Times reported on Saturday. — PTI

courtesy : The Hindu 4th October 2009