GFmag Online Readers Survey 2012
India


India Country Report: GDP data and GDP forecasts; economic, financial and trade information; the best banks in India; country and population overview

DATA ON GDP AND ECONOMIC INFORMATION
Central bankReserve Bank of India
International ReservesUS$ 311.482 billion (Source: IMF; Data updated: November 2011)
Gross Domestic Product - GDPUS$ 1.704 trillion (2010 estimate)
GDP (Purchasing Power Parity)4.448 trillion of International dollars (2010 estimate)
Real GDP growth
20002001200220032004200520062007
4.4%3.9%4.6%6.9%8.1%9.2%9.7%9.9%
2008200920102011*
6.4%6.8%10.4%8.2%

*Estimate

GDP per capita - current pricesUS$ 1,382 (2009 estimate)
GDP per capita - PPP$3,608 International Dollars (2009 estimate)
GDP (PPP) - share of world total
19801990200020102015**
2.45%3.09%3.62%5.4%6.42%

**Forecast

GDP - composition by sector
  • agriculture: 18.1% 
  • industry: 26.3% 
  • services: 55.6% (2011 estimate)

    • (Data released on February 2012)

Gross domestic expenditure on R&D (% of GDP)N/A

(Data released on November 2010)

Inflation
2008200920102011*
8.3%(2008)10.9%13.2%7.5%

*Estimate

Unemployment rate
2008200920102011*
N/AN/AN/A(2009)N/A

*Estimate

Household saving ratesN/A

(Data released on November 2010)

Public debt (General government gross debt as a % of GDP)
20072008200920102011*
72.9%72.6%71.1%69.2%68.2%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2007200820092010*2011**
-4%-7.4%-9.6%-9.2%-8.5%

*Estimate    **Forecast

Government bond ratings

Standard & Poor's: BBB-/Stable/A-3

Moody's rating: Baa3

Moody's outlook: STA

(Foreign Currency Government Bond Ratings; Data last updated Nov 2010)

Market value of publicly traded shares
200720082009
US$1.819 trillionUS$645.478 billionUS$1.179 trillion
Largest companies in IndiaReliance Industries (Oil & Gas Operations), State Bank of India Group (Regional Banks), Oil & Natural Gas (Oil & Gas Operations), Indian Oil (Oil & Gas Operations), Icici Bank (Regional Banks), NTPC (Electric Utilities), Coal India (Diversified Metals & Mining), Bharti Airtel (Telecommunications services), Larsen & Toubro (Construction Services)
(2011)
DATA ON TRADE AND COMPETITIVENESS
Current account balanceUS$ -62.5 billion (2010 estimate)(After 2008)
Current account balance by percentage of GDP-3.7% of GDP (2010 estimate)(2009)
Exports as percent of GDP

(Exports of goods and services)

25.4% (2009)

(Data released on December 2010)

Shares in world total merchandising export1.44%(2007)

(Data were released in Nov 2011 and refer to 2010)

Shares in world total commercial services export3.34%(2007)

(Data were released in Nov 2011 and refer to 2010)

Total exportsUS$201 billion f.o.b. (2010 estimate)
Export commoditiespetroleum products, textile goods, gems and jewelry, engineering goods, chemicals, leather manufactures
Total importsUS$287.5 billion f.o.b. (2008 estimate)
Import commoditiescrude oil, machinery, gems, fertilizer, chemicals
Exports - major partnersUS 15%, China 8.7%, UAE 8.7%, UK 4.4% (2007)
Imports - major partnersChina 10.6%, US 7.8%, Germany 4.4%, Singapore 4.4% (2007)
FDI inflows
200820092010
US$42,546 millionUS$35,649 million(2009)US$24,640 million(2009)
FDI outflows
200820092010
US$19,397 millionUS$15,929 millionUS$14,626 million
Value of cross-border M&A, by country of purchaser
2008200920102011
US$13,482 millionUS$291 million(2009)US$26,421 million(2009)US$74 million
Cross-border M&A deals worth over $3 billion completed in 2008

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A click here )

Cross-border M&A deals worth over $3 billion completed in 2010

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

Bharti Airtel Ltd, Zain Africa BV, Nigeria, $10.7 billion
Investor Group, Republic of Venezuela-Carabobo Block, Venezuela, Bolivarian, Rep. of, $4.8 billion
(2008 estimate)

(for a monthly update on M&A click here )

Best countries for doing business

World Bank/IFC Doing Business Project

(Economies are ranked on their ease of doing business, from 1 – 183. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 134 out of 183 countries(2009) (2010)

Subcategories:

Starting a business: 165 out of 183 countries(2009)

Registering property: 94 out of 183 countries

Paying Taxes: 164 out of 183 countries

Getting credit: 32 out of 183 countries

Protecting investors: 44 out of 183 countries

Trading across border: 100 out of 183 countries

Enforcing Contracts: 182 out of 183 countries

(2010)

Global competitiveness ranking
(ranking by country on a basis of 142, the first is the best)		56

(2011/2012)

Index of Economic Freedom

WSJ and Heritage Foundation

Ranking: 124 Score: 54.6 (Mostly Unfree) (2009)

(100=totally free 0=totally repressed )

COUNTRY AND POPULATION OVERVIEW
Time zoneUTC+5.5
Total area 3,287,263 km2 (2006)
CapitalNew Delhi (2009)
CurrencyIndian rupees (INR) (2009)
Government typefederal republic (2009)
LanguagesHindi 41%, Bengali 8.1%, Telugu 7.2%, Marathi 7%, Tamil 5.9%, Urdu 5%, Gujarati 4.5%, Kannada 3.7%, Malayalam 3.2%, Oriya 3.2%, Punjabi 2.8%, Assamese 1.3%, Maithili 1.2%, other 5.9%
ReligionsHindu 80.5%, Muslim 13.4%, Christian 2.3%, Sikh 1.9%, other 1.8%, unspecified 0.1% (2001 census)
Total population
1980199020002010*2015**
692.64 million862.16 million1.043 billion1.216 billion1.299 billion

*Estimate    **Forecast

Urban population as % of total population
1960198020002009
17.9%23.1%27.7%29.8%
Population median age24.0 years (2006)
Population growth rate1.3% (2009)
Life expectancy64 years (2007)
Adult literacy66% (2000/2007)
% of population living on less than $2 a day75.62% (2011)
Inequality of wealth distribution (Gini index)

36.8 (2005)

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:2
Civil Liberties:3 (2010)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

64.29% (2010)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population7.5% (Data were released in 2011 and refer to 2010)
Cost of living index

(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

New Delhi: 85th (2011)

CO2 emissions
(Metric tons of CO2 per capita)

1.4751 (2008)

GLOBAL FINANCE RANKINGS AND AWARDS

WORLD'S BEST TRADE FINANCE BANKS & PROVIDERS

2012:
  • COUNTRY WINNERS HDFC Bank (National, 2012)
2011:
  • COUNTRY WINNERS HDFC Bank (National, 2011)
2010:
  • COUNTRY WINNERS HDFC Bank (National, 2010)
2009:
  • COUNTRY WINNERS HDFC Bank (National, 2009)

WORLD'S BEST INTERNET BANKS

2011:
  • COUNTRY WINNERS / Best Consumer Internet Banks Citi (National, 2011)
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (National, 2011)
2010:
  • COUNTRY WINNERS / Best Consumer Internet Banks Citi (National, 2010)
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Standard Chartered (National, 2010)
2009:
  • COUNTRY WINNERS / Best Consumer Internet Banks Citi (2009)
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (2009)

WORLD'S BEST ISLAMIC FINANCE INSTITUTIONS

2009:
  • COUNTRY WINNERS Kotak Mahindra (National, 2009)

WORLD'S BEST EMERGING MARKET BANKS

2012:
  • COUNTRY WINNERS ICICI Bank (National, 2012)
2011:
  • COUNTRY WINNERS HDFC Bank (National, 2011)
2010:
  • COUNTRY WINNERS HDFC Bank (National, 2010)
2009:
  • COUNTRY WINNERS HDFC Bank (National, 2009)

WORLD'S BEST SUB CUSTODIANS

2011:
  • COUNTRY WINNERS Deutsche Bank (National, 2011)
2010:
  • COUNTRY WINNERS Deutsche Bank (National, 2010)
2009:
  • COUNTRY WINNERS Standard Chartered (2009)

WORLD'S BEST INVESTMENT BANKS

2012:
  • COUNTRY WINNERS State Bank of India (National, 2012)
2011:
  • COUNTRY WINNERS Morgan Stanley (National, 2011)
  • DEALS OF THE YEAR / Best M&A Deal Bharti Airtel (Global, 2011)
2010:
  • COUNTRY WINNERS Kotak Mahindra Bank (National, 2010)
2009:
  • COUNTRY WINNERS Kotak Mahindra Bank (National, 2009)

CENTRAL BANKER REPORT CARD

2011:
2010:
2009:

WORLD'S BIGGEST BANKS

2011:
  • OVERALL BIGGEST State Bank of India (Global, 2011)
  • OVERALL BIGGEST ICICI Bank (Global, 2011)
  • OVERALL BIGGEST Punjab National Bank (Global, 2011)
  • OVERALL BIGGEST Bank of Baroda (Global, 2011)
  • OVERALL BIGGEST Bank of India (Global, 2011)
  • OVERALL BIGGEST Canara Bank (Global, 2011)
2010:
  • BIGGEST BANKS IN ASIA State Bank of India (Asia, 2010)

TOP 200 EMERGING MARKETS BANKS

2010:
  • OVERALL BIGGEST State Bank of India (Global, 2010)
  • OVERALL BIGGEST ICICI Bank (Global, 2010)
  • OVERALL BIGGEST Punjab National Bank (Global, 2010)
  • OVERALL BIGGEST Bank of Baroda (Global, 2010)
  • OVERALL BIGGEST Bank of India (Global, 2010)
  • OVERALL BIGGEST Canara Bank (Global, 2010)
  • OVERALL BIGGEST IDBI Bank (Global, 2010)
  • OVERALL BIGGEST HDFC Bank (Global, 2010)
  • OVERALL BIGGEST Union Bank of India (Global, 2010)
  • OVERALL BIGGEST Central Bank of India (Global, 2010)
  • OVERALL BIGGEST Axis Bank (Global, 2010)
  • OVERALL BIGGEST Syndicate Bank (Global, 2010)
  • OVERALL BIGGEST Oriental Bank of Commerce (Global, 2010)
  • OVERALL BIGGEST UCO Bank (Global, 2010)
  • OVERALL BIGGEST Indian Overseas Bank (Global, 2010)
  • OVERALL BIGGEST Allahabad Bank (Global, 2010)
  • OVERALL BIGGEST Corporation Bank (Global, 2010)
  • OVERALL BIGGEST Andhra Bank (Global, 2010)
  • OVERALL BIGGEST State Bank of Hyderabad (Global, 2010)
  • OVERALL BIGGEST State Bank of Patiala (Global, 2010)
  • OVERALL BIGGEST Indian Bank (Global, 2010)

WORLD'S BEST FOREIGN EXCHANGE PROVIDERS

2012:
  • COUNTRY WINNERS Standard Chartered (National, 2012)
2011:
  • COUNTRY WINNERS Standard Chartered Bank (National, 2011)
  • COUNTRY WINNERS Standard Chartered (National, 2011)
2010:
  • COUNTRY WINNERS Standard Chartered Bank (National, 2010)
2009:
  • COUNTRY WINNERS HDFC Bank (National, 2009)
ARTICLES AND COUNTRIES REPORTS FROM GLOBAL FINANCE ARCHIVE