Names: conventional long form: Republic of India conventional short form: India local long form: Republic of India/Bharatiya Ganarajya local short form: India/Bharat
Capital City: New Delhi
Population: 1,095,351,995 (July 2006 est.)
GDP Per Capita: $3,700 (2006 est.)
Currency: Indian rupee (INR)
Languages: English enjoys associate status but is the most important language for national, political, and commercial communication; Hindi is the national language and primary tongue of 30% of the people; there are 14 other official languages: Bengali, Telugu, Marathi, Tamil, Urdu, Gujarati, Malayalam, Kannada, Oriya, Punjabi, Assamese, Kashmiri, Sindhi, and Sanskrit; Hindustani is a popular variant of Hindi/Urdu spoken widely throughout northern India but is not an official language
Total Area: total: 3,287,590 sq km land: 2,973,190 sq km water: 314,400 sq km slightly more than one-third the size of the US
Region: Asia
Industries: textiles, chemicals, food processing, steel, transportation equipment, cement, mining, petroleum, machinery, software
Agriculture: rice, wheat, oilseed, cotton, jute, tea, sugarcane, potatoes; cattle, water buffalo, sheep, goats, poultry; fish
Resources: coal (fourth-largest reserves in the world), iron ore, manganese, mica, bauxite, titanium ore, chromite, natural gas, diamonds, petroleum, limestone, arable land
Labor Force:
509.3 million (2006 est.)
agriculture: 60% industry: 12% services: 28% (2003)
Exports:
$112 billion f.o.b. (2006 est.)
textile goods, gems and jewelry, engineering goods, chemicals, leather manufactures
Imports:
$187.9 billion f.o.b. (2006 est.)
crude oil, machinery, gems, fertilizer, chemicals
Overview:
India's diverse economy encompasses traditional village farming, modern agriculture, handicrafts, a wide range of modern industries, and a multitude of services. Services are the major source of economic growth, accounting for more than half of India's output with less than one quarter of its labor force. About three-fifths of the work force is in agriculture, leading the UPA government to articulate an economic reform program that includes developing basic infrastructure to improve the lives of the rural poor and boost economic performance. The government has reduced controls on foreign trade and investment. Tariffs averaged 12.5% on non-agricultural items in 2006. Higher limits on foreign direct investment were permitted in a few key sectors, such as telecommunications. However, tariff spikes in sensitive categories, including agriculture, and incremental progress on economic reforms still hinder foreign access to India's vast and growing market. Privatization of government-owned industries remained stalled in 2006, and continues to generate political debate; populist pressure from within the UPA government and from its Left Front allies continues to restrain needed initiatives. The economy has posted an average growth rate of more than 7% in the decade since 1996, reducing poverty by about 10 percentage points. India achieved 8.5% GDP growth in 2006, significantly expanding manufacturing. India is capitalizing on its large numbers of well-educated people skilled in the English language to become a major exporter of software services and software workers. Economic expansion has helped New Delhi continue to make progress in reducing its federal fiscal deficit. However, strong growth - more than 8 percent growth in each of the last three years - combined with easy consumer credit and a real estate boom is fueling inflation concerns. The huge and growing population is the fundamental social, economic, and environmental problem.
In 2007 Missouri exported $103,619,872 in goods to India. This ranks India 17th among the 223 international buyers of Missouri goods. Missouri exports to India increased from the previous year by $48,748,498 a change of 88.84%. State exports to India have increased over the last 5 years by $81,994,945 a change of 379.16%. Missouri exports account for .77%. of all 2007 US exports to India.
| NAICS Industry | Annual | ||||||
|---|---|---|---|---|---|---|---|
| 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | ||
| 000 - Total All Industries MO | 21,624,927 | 22,929,925 | 43,509,397 | 48,402,370 | 54,871,374 | 103,619,872 | |
| 000 - Total All Industries US | 4,097,911,803 | 4,986,294,488 | 6,095,000,806 | 7,958,009,784 | 10,091,138,463 | 17,592,454,564 | |