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India Desk
KPMG's New & Emerging Markets practice has a dedicated India Desk to assist UK companies investing
in India, and to support Indian companies investing in the UK. See below for a Country Profile, Economic Data, and Useful Links.
Country Profile
|
National title: |
Republic of India, Bharat (Hindi) |
| Situated: |
South Asia: 68° - 97° easterly longitude; 8 - 37° northly latitude |
| Area: |
3.29 million km2 |
| Capital city: |
New Delhi (population: Approx. 15 million, "National Capital Territory Delhi") |
| Population: |
Approx. 1.1 billion (as of: September 2006); growth rate: Approx. 1,9% p.a. (average from 1991 to 2001). |
| National languages: |
Hindi and English as official languages, 21 other recognised languages. |
| State and governmental system: |
Parliamentary democracy: Federal State (28 states, union territories, National Capital Territory Delhi). |
| Head of State: |
Mrs
Pratibha Patil ,
President of India |
| Head of Government: |
Dr. Manmohan Singh, Prime Minister of India |
| Administrative structure: |
28 states (federal states) and 6 union territories, National Capital Territory Delhi. |
| Membership of international organisations: |
UN and UN Special organisations (1991/92 India was a non-permanent member of the UN Security Council), G 15, SAARC (South Asian Association for Regional Cooperation), Commonwealth (1947), ARF (regional forum on the security policies of ASEAN - Association of South-East Asian Nations), WTO (World Trade Organisation). |
Economic Data 2005
|
Currency: |
Indian Rupee (iR) = 100 Paise (P) |
| Exchange rate: |
Annual average in 2005: 1 USD = 44.12 iR; 1 EUR = 54.92 iR |
| Gross Domestic Product
(GDP in bn USD, nominal): |
775.4 (2005/06) |
| GDP per inhabitant (in USD): |
714 (2005/06) |
| Economic growth: |
2004/05 (estimate): 6.9
2005/06 (forecast): 6.8
2006/07 (forecast): 6.3 |
| Inflation rate: |
2004/05 (estimate): 2.9
2005/06 (forecast): 4.8
2006/07 (forecast): 5.1 |
| Unemployment: |
9.1 (official; labor force participation rate, 40%) |
| Average wage: |
160 (skilled labor, 2002); 375 (clerical worker, 2002) |
| Foreign trade (in USD bn, 2004) — Import: |
108.26 (+ 40.2% over previous year) |
| Foreign trade (in USD bn, 2004) — Export: |
79.85 (+26.7% over previous year) |
| Important import goods (share in %, 2004): |
Crude oil and products 26.6; chemical products 9.5; pearls, precious stones 9.1; electronic products 7,8; machinery 6.7; gold, silver 4.2; edible oils 3.5; electro-technology 2.3; measurement and test instruments 1.4; other 28.9. |
| Important export goods (share in %, 2004): |
Pearls, precious stones 13.3; chemical products 11.6; textiles 10.9; clothing 10.5; foodstuffs 9.9; crude oil and products 5.7; raw materials 4.9; iron and steel 4.5; machinery 3.6; other 25.1. |
| Main supplier countries (share in %, 2004/05): |
USA: 6.4; PR China: 6,3; Switzerland: 5.4; Belgium: 4.3; UAE: 4.3; Germany: 3.6. |
| Main buying countries (share in %, 2004/05): |
USA: 16.7; UAE: 9.0; PR China: 5.8; Singapore: 4.8; Hong Kong: 4.6; GB: 4.5; Germany: 3.3. |
| Foreign direct investment (FDI, influx): |
5.3 bn USD |
| Main FDI countries 2004/2005 (share in %): |
USA: 20.5; The Netherlands: 7.7; Germany: 4.7; Japan: 4.0; UK: 3.1. |
| Main FDI sectors 2004/2005 (share in %): |
Fuels, power supply: 27.9; telecommunication: 16.5; transport: 8.4; electr. equipment, software: 7.6; services: 6.8; chemicals, fertilizer: 5.1. |
As of: July 2006 (where not otherwise noted)
Sources:
German Foreign Office
German Office for Foreign Trade
Useful Links
KPMG India
Ministry of Commerce and Industry - Dep. of Commerce
Ministry of Commerce and Industry - Dep. of Industrial Policy and Promotion
Directorate General of Foreign Trade
Ministry of Finance
Reserve Bank of India (RBI)
Indian Institute on Foreign Trade
Confederation of Indian Industry
Indian Trade Promotion Organisation
National Center for Trade Information
For
further information about our services,
or if you would like one of our professionals
to contact you, please  . |
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