India has reached 1729 billion dollars which is 2.79% of world economy, says world bank. From 1960 to 2010 India's average GDP is 339.84 billion dollars. In 2010 it touches the highest point and in 1960 December it was lowest 36.61 billion dollars. Major part of Indian GDP comes from service sector.
GDP growth rate:
From 2004 to 2011 average GDP growth ate is 8.45, highest was 10.10 in September 2006 and lowest was 5.5 in December 2004.
GDP per capita
According to world bank India's per-capita income is 718 US Dollars in December 2008. India's average per capita income is 316.47 dollars. Reaching an historical height of 718 US dollars in December 2008 and lowest in 1960 December 181.00 US Dollars.
GDP per capita PPP
According to wold bank Indian GDP per capita PPP is 2946 US dollars. GDP per capita is obtained by dividing the countries gross domestic product, adjusted by purchasing power parity, by total population. From 1980 to 2008 India's average GDP per capita PPP is 1254.00 US dollars.
India Inflation Rate
In September 2011 India's inflation rate is 10.1 percentage. From 1969 to 2010 average inflation rate is 7.99 percent. Highest was September 1974, 34.68 percentage. Lowest in 1976 in May -11.31.
India Interest Rate
The benchmark interest rate (reserve repo) in India was last reported at 7.5 percent. From 2000 to 2010 average rate of interst is 5.82 percent.
Population
Total population in India was last 1210.2 million in 2010. 17.54 percent of total world population.
India Unemployment Rate
The unemployment rate in India last reported was 9.4 percent in 2009/10 fiscal year. From 1983 until 2000 India's average unemployment rate was 7.20.
From above discussion it is clear that although India is rising but still has a long way to cover. India has 17 percent of world population but India possess only 2.7 percent of world economy, so you can see the gape.
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