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Indian Economy at a Glance 20151Land area7th largest country by area,3rd largest country inAsia2.4% of the total surface area of theworld2nd most populouscountry over 1.2 billion people

Indian Economy7th largestin the world bynominal GDP3rd largestby purchasing power parity(PPP)

We are ahead of China !!India became the world's fastest growing from the last quarter of 2014, replacing China

India toppedWorld Banks growth outlook for 2015-16 for the first time with economy grown 7.3% in 2014-15

Expected to grow at 7.5-8.3% in 2015-16.

The Structural TransformationFastest growingservice sectorin the world with annual growth rate of above 9%

Contributes 57% of GDP in 2012-13The occupational structure has not transformed much in line with the structural transformation as noted in GDP share by sectorsIndustry in IndiaIndustry accounts for 26% of GDP and employs 22% of the total workforce.10th largest industrial manufacturing GDP output in the world 9th largest on inflation adjustedThe Indian industrial sector underwent significant changes as a result of the economic liberalisation in 1991

One of the world's largest diamonds & gem polishing and jewellery manufacturing centreLargest consumers of goldLargest producer of &the largest market fortractors, 12th largest producer & 7th largest consumer of machine tools 4th largest producer of minerals in the world by volume Textile industry contributes about 4%to the countrys GDP, 14% of the industrial production, and 17% to export earnings Make in India Launched in Sep 2014 to attract overseas industrial initiatives in India

Agriculture in IndiaAgriculture is the largest employer in India's economy (49%) but contributes to a declining share of its GDP (17%)

India is the..2nd largest in farm output worldwidelargest producer in the world of milk, jute andpulses, 2nd largest cattle population2nd largest producer of rice, wheat, sugarcane, cotton andgroundnuts, 2nd largest fruit and vegetable producer2nd largest producer and the largest consumer of silk3rd largest fishing industry

Low Productivity a major issueInternational comparisons reveal the average yield in India is generally 30% to 50% of the highest average yield in the world.

Infrastructure in Indiainfrastructure &transport contributes 5% of GDP2nd largestroad network covering more than 4.3million km4th largest rail network with a track length of 114,500km and 7,172 stations.Coastline of 7,500 km with 13 major ports and 60 operational non-major ports, which together handle 95% of external trade volume125 airports of which 66 airports are licensed to handle both passengers and logistics74 people out of 100 have land or wireless telephones in India,927million telephone subscribers243 million internet users