INDIAN ECONOMY: A SNAPSHOT

Photograph of gateway of India taken from inside the sea
Following is a snapshot about Indian economy, Asia's third biggest and 12th-ranked in the world.

Population: 1.15 billion

Size (in terms of GDP): $1 trillion

Growth: The government said on Monday economic growth slowed to 6.7 percent in 2008/09 from year-earlier 9.0 percent. It would be the slowest growth in six years.
The budget assumes growth of 8 percent in 2010/11 and of 9 percent in 2010/11.


Exports: India's exports, which form 16 percent of the economy, grew 3.4 percent in the year to March 2009, compared with growth of 23.02 percent in 2007/08.
They fell 29.2 percent in May and fell 33.2 percent in April.

Industrial growth: India's industrial output , which accounts for a quarter of its GDP, grew 2.4 percent in the year to March 2009, compared with 8.5 percent growth the year before.
Output was up 1.4 percent in April.



What to hope for in 2009/10 (as per budget document):
* Fiscal deficit seen at 4.01 trillion rupees, or 6.8 percent of GDP
* Revenue deficit seen at 2.83 trillion rupees, or 4.8 percent of GDP

* Total receipts seen at 10.21 trillion rupees
* Revenue receipts seen at 6.14 trillion rupees
* Capital receipts seen at 4.06 trillion rupees
* Borrowings and other liabilities seen at 4.01 trillion rupees

* Total expenditure seen at 10.21 trillion rupees
* Plan expenditure seen at 3.25 trillion rupees
* Non-plan expenditure seen at 6.96 trillion rupees