India
India * General Info
India, officially the Republic of India (Hindi: भारत गणराज्य Bhārat Gaṇarājya), is a country in South Asia. India is the seventh-largest country by geographical area, the second-most populous country, and the most populous democracy in the world.
Bounded by the Indian Ocean on the south, the Arabian Sea on the west, and the Bay of Bengal on the east, India has a coastline of 7,517 kilometres (4,700 mi).
It is bordered by Pakistan to the west;[15] People’s Republic of China (PRC), Nepal, and Bhutan to the north; and Bangladesh and Myanmar to the east. India is in the vicinity of Sri Lanka, the Maldives, and Indonesia in the Indian Ocean.
Economy Overview
Since 1991, the nation has moved towards a market-based system.
The policy change in 1991 came after an acute balance of payments crisis, and the emphasis since then has been to use foreign trade and foreign investment as integral parts of India’s economy.
With an average annual GDP growth rate of 5.8% for the past two decades, the economy is among the fastest growing in the world.
It has the world’s second largest labour force, with 516.3 million people. In terms of output, the agricultural sector accounts for 28% of GDP; the service and industrial sectors make up 54% and 18% respectively.
Major agricultural products include rice, wheat, oilseed, cotton, jute, tea, sugarcane, potatoes; cattle, water buffalo, sheep, goats, poultry; fish.
Major industries include textiles, chemicals, food processing, steel, transport equipment, cement, mining, petroleum, machinery, software.
India’s trade has reached a relatively moderate share 24% of GDP in 2006, up from 6% in 1985. India’s share of world trade has reached 1%.
Major exports include petroleum products, textile goods, gems and jewelry, software, engineering goods, chemicals, leather manufactures. Major imports include crude oil, machinery, gems, fertilizer, chemicals.
India’s GDP is US$1.237 trillion, which makes it the twelfth-largest economy in the world or fourth largest by purchasing power adjusted exchange rates. India’s nominal per capita income US$1,068 is ranked 128th in the world. In the late 2000s, India’s economic growth has averaged 7½% a year, which will double the average income in a decade.
Who are the members in BusinessClub.MY that I can contact?
Currently, we are establishing linking with a few parties in India in the banking and financing sector, and a few of government related entrepreneurship associations in India.
Any further information I can get for my business in Indonesia?
Once we setup the business points, we will put the associate links in this section.