Economy of India

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What is the fiscal year period in India?

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1 April – 31 March

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Which currency is used in India?

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Indian rupee (INR, ₹)

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What is India's GDP rank by nominal value in 2024?

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5th

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What percentage of India's GDP is driven by domestic consumption?

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Nearly 70%

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What is the main economic model followed by India post-1991?

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Market-based economy with economic liberalisation.

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What percentage of India's GDP is contributed by the service sector?

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More than 50%

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What is the main focus of India's agriculture sector?

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Agriculture, forestry, and fishing account for 18.4% of GDP.

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What is the main export product of India?

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Manufacturers, accounting for 70.7% of exports.

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What is the main import product of India?

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Fuels and mining products, accounting for 33.2% of imports.

Front

What is the unemployment rate in India as of March 2024?

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7.6%