India economy! Economic overview of India. India’s economy explained. India’s economy is the fifth largest in the world in terms of nominal GDP. India’s labor market, standard of living, trade balance, the country’s trading partners, top exports, government debt, budget deficit as well as an economic projection for the 2020/2021 fiscal year are presented.
Sources:
India Population
https://www.worldometers.info/world-population/india-population/GNI per capita, Atlas method (current US$, 2019):
https://data.worldbank.org/indicator/NY.GNP.PCAP.CD?locations=INWhat is Gross National Income?
GNI explained in 2 minutes
https://lbry.tv/@Global_Knowledge_Studios:e/gni:9
Indian Labor Force
(the labor force includes employed workers and unemployed workers that are actively seeking work)
https://data.worldbank.org/indicator/SL.TLF.TOTL.IN?locations=INUnemployment Rate in India
https://tradingeconomics.com/india/unemployment-rateEmployment in agriculture, industry and services
https://data.worldbank.org/indicator/SL.AGR.EMPL.ZS?locations=IN https://data.worldbank.org/indicator/SL.IND.EMPL.ZS?locations=INhttps://data.worldbank.org/indicator/SL.SRV.EMPL.ZS?locations=INExports, Imports, Trade balance - 2019 data derived from the ITC (International Trade Centre):
https://www.trademap.org/Country_SelProductCountry_TS.aspx?nvpm=1%7c699%7c%7c%7c%7cTOTAL%7c%7c%7c2%7c1%7c1%7c3%7c2%7c1%7c2%7c1%7c1%7c1India’s Top 10 Exports
http://www.worldstopexports.com/indias-top-10-exports/Gross Domestic Product (GDP, current US$, 2019):
https://data.worldbank.org/indicator/NY.GDP.MKTP.CD?locations=IN&most_recent_value_desc=trueBudget Deficit
https://tradingeconomics.com/india/government-budgetGDP growth slows to a 11-year low of 4.2%
https://www.thehindu.com/business/Economy/gdp-growth-dips-to-31-in-january-march-42-in-2019-20/article31703885.eceGovernment Debt-to-GDP ratio
https://tradingeconomics.com/india/government-debt-to-gdpEconomic Growth of India
International Monetary Fund - World Economic Outlook Update, June 2020: A Crisis Like No Other, An Uncertain Recovery
https://www.imf.org/en/Publications/WEO/Issues/2020/06/24/WEOUpdateJune2020