India at Glance

India has developed into one of the largest cost-competitive technical workforce nations, conducive to foreign investment environment.

Aided by a very stable democratic environment over the last 50 years of independence, the huge pool of talented technical workforce is its biggest strength.

With the government consistently reinforcing its commitment to the IT industry with its simple and encouraging policies and a vibrant economy, added to the ready availability of technical manpower, India has every reason to be Gung-Ho about its prospects.

General Facts

Blessed with abundant natural resources, India has for long been considered the vanguard of the modern civilization.

A democracy with a parliamentary system of governance, India is a multi lingual and secular society with a vibrant economy and a vast pool of skilled manpower

  • Land Area : 3.29 million square kilometers
  • Capital : New Delhi
  • Government : Democratic, Parliamentary
  • Political System : The 1950 Constitution provides for a parliamentary system of Government with a bicameral parliament and three branches: the executive, legislative, and judiciary. Federal structure with elected Governments in States and in Union Territories
  • ready-made garments, leather goods, gems and jewellery and agricultural products. However, cashew nuts, transport equipment, software, electronic goods and manufactured metals constitute the most rapidly growing export segments
  • Population : 1,027 million (2001)
  • Population Growth Rate : 2.14 percent
  • Population Density : 324 persons/sq. km
  • Life Expectancy : 62 years, male; 64 years, female
  • Literacy Rate : 65.38 percent
  • Languages Spoken : India is a multilingual society with 18 principal languages Hindi is the language of a large percentage of people (38 percent), while English is the preferred business language
  • Major Religion : Majority are Hindus, though a significant number are Muslims, Christians Sikhs, Buddhists, etc
  • International airports : New Delhi, Mumbai, Chennai, Kolkata, Thiruvananthapuram, Kochi, Hyderabad and Bangalore.
  • Major Ports of Entry : Calcutta, Chennai, Kandla, Kochi, Mormugao, Mumbai New Mangalore, Paradip, Tuticorin and Vishakapatnam.
  • Climate : Mainly tropical with temperatures ranging from 10 40C in most parts of the country
  • Time Zone : GMT +5 1/2 hours
  • Currency Unit : Indian Rupee

Economic Profile

The Indian economy has been on an constant growth path over the last decade or so since the liberalization process was set rolling.

Having emerged out of the world wide economic gloom without any major impact and supported by the continuing good performance of the IT industry and the emerging Telecom industry, the economy has continued to remain on the upswing.

  • Gross Domestic Product (GDP) {constant (2004-05) prices} in the year 2009-10: Rs. 44,53,064 crore (Est.)
  • GDP (current prices) for the year 2009-10 : Rs. 57,91,268 crore (Est.)
  • Per capita income (at 2004-05 prices) during 2009-10:Rs. 33,540 (Est.)
  • Per capita income (current prices) during 2009-10: Rs. 43,749 (Est.)
  • GDP composition by sector during 2008-09: Services 57.0%, Agriculture 17.1%, and Industry 25.9%
  • Forex Reserves : US$ 279.2 billion (for the week ended February 12,2010)
  • Exports: US$ 117.59 billion (April-December 2009)
  • Imports: US$ 193.83 billion (April-December 2009)
  • Amount of FDI inflows during 2009-10: US$ 20.92 billion (April 2009-December 2009)
  • Principal Exports : Traditional exports include cotton yarn and textiles, ready-made garments, leather goods, gems and jewellery and agricultural products. However, cashew nuts, transport equipment, software, electronic goods and manufactured metals constitute the most rapidly growing export segments
  • Principal Markets for export : USA, Canada, UK, Germany, Japan and Belgium in the OECD, Iran, Kuwait and Saudi Arabia in the OPEC, Chile, Argentina, Brazil and Mexico in the Latin American region and China, Hong Kong, Singapore, Thailand, Malaysia and Sri Lanka in the Asian region.

Advantages

What India Offers - Competitive Advantages

  • Quality Manpower- Indian programmers are known for their strong technical skills and their eagerness to accommodate clients.
  • World's largest democracy
  • Adaptability to new technologies
  • Stable political environment and responsive administrative set up
  • Well developed R&D infrastructure and technical and marketing services
  • Land of abundant natural resources and diverse climatic conditions
  • Second most attractive FDI location in the world
  • Access to regional international markets through membership of regional integration frameworks such as SAARC.
  • World class infrastructure in line with the developed Countries for Power, Transport and Data Communication.
  • Healthy macro-economic fundamentals
  • Well established education system which strongly emphasis on mathematics and science, resulting in a large number of science and engineering graduates
  • Developed banking system, commercial banking network of over 63,000 branches, supported by a number of national and state level financial institutions.
  • Low cost, High Quality, Cost competitiveness
  • India has one of the largest pools of English-speaking professionals.
  • Young country with a median age of 30 years by 2025
  • Huge untapped market potential
  • Investor friendly policies and incentive based schemes. Special investment and tax incentives given for exports in certain sectors such as power, electronics, telecom, software, oil & Gas and research and development activities.
  • Progressive simplification and rationalization of direct and indirect tax structures
  • Reduction in import tariffs
  • Full current account convertibility
  • Legal protection for Intellectual Property Rights
  • Established and independent judiciary with a hierarchy of courts