Official country name:
Constitutional Federal (federation) Republic
Head of State:
Russia, Singapore, South Korea
Hinduism, Islam, Christianity, Sikhism, Buddhism
Standard of living:
Overall life expectancy rate: 65
infant mortality rate:
72 per 1,00 live births
mixed economy includes both capitalist and socialist structures, this type of economy is very conducive to rapid growth.
GDP and growth rate:
Staging a small recovery, the economy grew at an estimated 4.8 per cent in the second quarter of the fiscal, helped by "significant growth" in some sectors such as agriculture, selected infrastructure, construction, and financing and insurance. Major Cities:
Mumbai, Delhi, Bangalore, Kolkata, Chennai, Ahmedabad Infrastructure Status:
India to achieve developed status by 2020.
Balance of payments/trade:
On BoP basis, India’s merchandise exports increased by 5.9 per cent to US$ 84.8 billion in Q4 of 201213 as compared to 2.6 per cent in Q4 of 201112. Pickup in exports could be attributed to better performance of products like tea, leather and manufactures, plastic and linoleum products, machinery and equipments, cotton yarn fabrics and carpets. Merchandise imports witnessed a marginal decline of 1.0 per cent at US$ 130.4 billion in Q4 of 201213 as against a growth of 22.6 per cent in Q4 of 201112, resulting mainly from a decline in nonoil nongold imports partly reflecting a slowdown in domestic activity. Trade deficit narrowed down to US$ 45.6 billion in Q4 of 201213 amounting to 9.0 per cent of GDP. During 201213, CAD stood ...
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