SOME KEY DATA FOR

INDIAN ECONOMY

Prepared By
Currenc-I
The Economics and Internal Business Club of IIM Indore
 Figures
India GDP (Nominal) $3.05 trillion
India GDP (PPP) $10.51
trillion
Sector-wise GDP Contributions
Agriculture and Allied activities 20.19%
Industry 25.92%
Service 53.89%
Composition of Labour Force employed
Agriculture 41.49%
Industry 26.18%
Service 32.33%
Percentage of GDP spent on different sectors
Defense* 2.1%
Healthcare 1.26%
Education** 4.6%
*India is now the 3rd biggest military spender in the world.
**India ranks 62nd in total public expenditure on education per student, according to IMD. Experts have called for raising it to 6% (in sync with NITI Aayog 's target to
improve education quality in India).
 MONETARY POLICY

Definition Rate
Repo Rate The rate at which the central bank lends money to commercial banks in the 4%
event of any shortfall of funds.
Reverse Repo The rate at which the central bank borrows money from the commercial 3.35%
Rate banks.
Statutory The minimum percentage of deposits that a commercial bank has to 18%
Liquidity Ratio maintain in the form of liquid cash, gold or other securities. It is basically
the reserve requirement that banks are expected to keep before offering
credit to customers.
Cash Reserve The minimum amount, as specified by the Central Bank, to be maintained 4%
Ratio by the Commercial banks of the public deposits with the Central Bank.
Marginal Provision made by the RBI through which scheduled commercial banks can 4.25%
Standing obtain liquidity overnight, in the event that inter-bank liquidity completely
Facility Rate dries up. This is a facility for emergencies, through which banks obtain
liquidity support at the MSF rate, which is a rate higher than the repo rate.

Bank Rate Bank rate is the rate charged by the central bank for lending funds to 4.25%
commercial banks. It differs from the repo rate in that it doesn’t involve any
collaterals (here, securities)
 India’s Top Imports and Exports (the data is for the year 2020)
Country India’s Major Commodities Imported Country India’s Major Commodities Exported
(Imports Imports (Exports to) Exports
from) Value Value
(in $ (in $
Billions) Billions)

China 58.80 Electronic Equipment, Machinery,
Organic Chemicals, Plastics, Medical
Apparatus, Iron and Steel Articles.
USA 26.62 Mineral fuels, precious metal and
stone (diamonds), aircraft, machinery,
and organic chemicals.
USA 49.32 Precious metal and stone
(diamonds), pharmaceuticals,
machinery, Nuclear reactors, and
electrical equipements.
China 19.01 Ores slag and ash, Iron and Steel,
Organic Chemicals, Pearls,
Precious Stones

UAE 23.90 Mineral Fuels, Precious Metals, Stones, UAE 17.95 Mineral fuels, oils, distillation
Plastics, Ships and Boats, Salt, Sulphur, products, Pearls, precious stones,
Lime and Cement metals, coins, electronic
equipment, Iron and Steel
Saudi 17.72 Crude oil, LPG and Fertilizers Hong Kong 9.54 Pearls, precious stones, Meat,
Arabia Electrical Equipment, Iron and
Steel, Fish, Mineral Fuels.
Iraq 16.17 Mineral Fuels, Oils, Edible Fruits, Ships Singapore 8.3 Mineral fuels, Ships and Boats,
and Boats
Source: www.tradingeconomics.com Nuclear Reactors and Machinery
Some Useful Articles
• https://www.ibef.org/economy/indian-economy-
overview#:~:text=Some%20of%20the%20important%20recent%20developments%20in%
20Indian,US%24%2035.39%20billion%20and%20US%24%2019.86%20billion%2C%20res
pectively
• https://economictimes.indiatimes.com/topic/coronavirus-impact-on-indian-industries
• https://economictimes.indiatimes.com/news/economy/indicators/pandemic-has-india-
scrambling-to-boost-its-manufacturing-sector/articleshow/85675608.cms
• https://www.nytimes.com/topic/subject/international-trade-and-world-market-trade-
disputes
• Once-in-a-century Covid crisis is unleashing a new wave of mergers and acquisitions - The
Economic Times (indiatimes.com)
• Morgan Stanley’s Outlook On Key Sectors And The Market In 2021 (bloombergquint.com)
• COVID-19 and international trade: Issues and actions (oecd.org)
• https://www.bloombergquint.com/business/indias-foreign-trade-weakens-in-april-amid-
second-wave-of-covid-19
Macroscans

• https://blogiimindore.com/2021/09/14/national-monetisation-pipeline-unlocking-the-
latent-value-in-public-assets/
• https://blogiimindore.com/2021/09/07/nfts-the-new-fad/
• https://blogiimindore.com/2021/08/31/taliban-led-rule-and-its-shaping-of-economy/
• https://blogiimindore.com/2021/08/23/neobanks-the-relatively-new-kid-on-the-block/
• https://blogiimindore.com/2021/08/16/the-chinese-crackdown-on-tech-companies/
• https://blogiimindore.com/2021/08/10/are-tax-cuts-actually-benevolent/
• https://blogiimindore.com/2021/08/02/economics-of-olympics/
• https://blogiimindore.com/2021/07/26/russias-tryst-with-energy/
• https://blogiimindore.com/2021/07/20/a-critique-of-the-up-population-control-bill-2021/
• https://blogiimindore.com/2021/07/13/microfinance-in-india-the-big-picture/
• https://blogiimindore.com/2021/07/05/indian-economy-and-the-second-wave-of-covid-19/
• https://blogiimindore.com/2021/06/29/indias-petroleum-woes/
• https://blogiimindore.com/2021/06/21/the-footprint-of-gaming-on-indian-economy/
 For More Updates Follow
Currenc-I
The Economics and International Business Club
IIM Indore
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