India at a glance 9/24/08

Lower-
POVERTY and SOCIAL South middle-
Development diamond*
India Asia income
2007
Population, mid-year (millions) 1,123.3 1,520 3,437
Life expectancy
GNI per capita (Atlas method, US$) 950 880 1,887
GNI (Atlas method, US$ billions) 1,069.4 1,339 6,485
Average annual growth, 2001-07
Population (%) 1.4 1.6 1.1
GNI Gross
Labor force (%) 1.8 2.1 1.5
per primary
Most recent estimate (latest year available, 2001-07) capita enrollment
Poverty (% of population below national poverty line) .. .. ..
Urban population (% of total population) 29 29 42
Life expectancy at birth (years) 64 64 69
Infant mortality (per 1,000 live births) 57 62 41
Child malnutrition (% of children under 5) 44 41 25 Access to improved water source
Access to an improved water source (% of population) 89 87 88
Literacy (% of population age 15+) 61 58 89
Gross primary enrollment (% of school-age population) 112 108 111 India
Male 114 111 112 Lower-middle-income group
Female 109 104 109

KEY ECONOMIC RATIOS and LONG-TERM TRENDS

1987 1997 2006 2007
Economic ratios*
GDP (US$ billions) 276.0 410.9 916.3 1,171.0
Gross capital formation/GDP 22.0 23.9 36.0 38.2
Trade
Exports of goods and services/GDP 5.7 10.8 22.1 21.3
Gross domestic savings/GDP 20.6 22.6 33.0 35.1
Gross national savings/GDP 20.9 24.7 35.3 37.2
Current account balance/GDP -1.9 -1.4 -1.1 -2.1
Domestic Capital
Interest payments/GDP 0.7 1.1 0.7 ..
savings formation
Total debt/GDP 20.1 23.0 16.7 ..
Total debt service/exports 29.7 21.6 7.5 ..
Present value of debt/GDP .. .. 12.7 ..
Present value of debt/exports .. .. 48.5 ..
Indebtedness
1987-97 1997-07 2006 2007 2007-11
(average annual growth)
GDP 5.5 6.9 9.7 9.0 8.5 India
GDP per capita 3.5 5.3 8.2 7.7 7.2 Lower-middle-income group
Exports of goods and services 11.5 15.4 18.9 7.5 13.8

STRUCTURE of the ECONOMY

1987 1997 2006 2007 Growth of capital and GDP (%)
(% of GDP)
30
Agriculture 29.4 26.1 18.3 17.8
Industry 26.3 26.8 29.3 29.4 20
Manufacturing 16.4 16.4 16.3 16.4 10
Services 44.3 47.1 52.4 52.8
0
Household final consumption expenditure 67.1 66.0 56.7 54.8 02 03 04 05 06 07
General gov't final consumption expenditure 12.3 11.4 10.3 10.1 GCF GDP
Imports of goods and services 7.1 12.1 25.1 24.4

1987-97 1997-07 2006 2007

Growth of exports and imports (%)
(average annual growth)
60
Agriculture 3.5 2.7 3.8 4.5
Industry 6.3 7.2 11.0 8.5 40
Manufacturing 6.6 6.8 12.0 8.8
Services 6.8 8.5 11.1 10.8 20

Household final consumption expenditure 5.5 5.8 10.3 7.3 0

General gov't final consumption expenditure 4.2 3.9 6.2 5.5 02 03 04 05 06 07
Gross capital formation 6.8 11.0 14.3 13.3 Exports Imports
Imports of goods and services 12.3 14.8 24.5 7.7

Note: 2007 data are preliminary estimates.

This table was produced from the Development Economics LDB database.
* The diamonds show four key indicators in the country (in bold) compared with its income-group average. If data are missing, the diamond will
be incomplete.
 India
PRICES and GOVERNMENT FINANCE
1987 1997 2006 2007
Inflation (%)
Domestic prices
8
(% change)
Consumer prices 7.8 7.0 6.7 5.3 6

Implicit GDP deflator 9.3 6.5 5.6 4.3 4

Government finance 2

(% of GDP, includes current grants) 0

Current revenue 19.4 17.4 20.6 22.4 02 03 04 05 06 07
Current budget balance -2.7 -3.5 -4.4 -1.6 GDP deflator CPI
Overall surplus/deficit -9.2 -8.3 -6.5 -5.6

TRADE
1987 1997 2006 2007
Export and import levels (US$ mill.)
(US$ millions)
Total exports (fob) 12,644 35,680 128,083 146,632 300,000
Marine products 411 1,207 1,744 ..
Ores and minerals 600 1,061 7,033 ..
200,000
Manufactures 8,195 26,547 82,818 91,657
Total imports (cif) 19,812 51,187 191,254 238,296
Food 1,141 1,483 3,291 .. 100,000

Fuel and energy 3,118 8,164 57,074 ..

Capital goods 5,064 9,796 52,944 71,311 0
01 02 03 04 05 06 07
Export price index (2000=100) 113 116 .. ..
Import price index (2000=100) 116 110 .. .. Exports Imports
Terms of trade (2000=100) 97 106 .. ..

BALANCE of PAYMENTS
1987 1997 2006 2007
Current account balance to GDP (%)
(US$ millions)
Exports of goods and services 16,216 45,109 204,264 246,071 3

Imports of goods and services 22,839 59,297 235,625 297,009 2

Resource balance -6,623 -14,188 -31,361 30,176
1
Net income -1,337 -3,521 -6,573 ..
Net current transfers 2,698 11,830 27,941 30,176 0
01 02 03 04 05 06 07
Current account balance -5,262 -5,879 -9,993 -24,408 -1

-2
Financing items (net) 4,526 9,772 46,599 44,282
Changes in net reserves 736 -3,893 -36,606 -19,874 -3

Memo:
Reserves including gold (US$ millions) 6,223 29,367 198,710 218,582
Conversion rate (DEC, local/US$) 13.0 37.2 45.2 40.3

EXTERNAL DEBT and RESOURCE FLOWS

1987 1997 2006 2007
Composition of 2006 debt (US$ mill.)
(US$ millions)
Total debt outstanding and disbursed 55,570 94,317 153,075 ..
IBRD 4,709 8,138 6,177 7,040 A: 6,177
G: 11,971
IDA 11,615 17,912 24,059 26,512
B: 24,059
Total debt service 5,686 12,413 17,879 ..
IBRD 808 1,410 597 739
IDA 166 381 841 915 D: 4,096

Composition of net resource flows

Official grants 531 549 873 .. E: 19,662
Official creditors 2,498 -406 2,144 ..
Private creditors 2,877 1,089 16,097 ..
Foreign direct investment (net inflows) 212 3,577 17,453 .. F: 87,110
Portfolio equity (net inflows) 0 2,556 9,549 ..
World Bank program
Commitments 3,504 2,306 1,228 3,174 A - IBRD E - Bilateral
Disbursements 2,212 1,372 1,787 1,905 B - IDA D - Other multilateral F - Private
Principal repayments 499 1,070 942 1,089 C - IMF G - Short-term
Net flows 1,714 302 845 816
Interest payments 476 721 496 566
Net transfers 1,238 -419 349 251

The World Bank Group: This table was prepared by country unit staff; figures may differ from other World Bank published data. 9/24/08