Report 2022 | Economy of India |
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The economy of India | The economy of India has transitioned from a mixed planned economy to a mixed middle-income developing social market economy with notable state participation in strategic sectors. It is the world's fifth-largest economy by nominal GDP and the third-largest by purchasing power parity. |
Imports | $612.608 billion (FY2021-22) |
Revenues | ₹67.676 lakh crore (US$850 billion); (2022-23) |
GDP By Sector | Agriculture: 16.38%; Industry: 29.34%; Services: 54.27%; (FY 2020-21) |
Population | 1,417,173,173 (2nd; 2022 est.) |
Unemployment | 8.28% (August 2022); |
Country group | Developing/Emerging; Lower-middle income economy; Newly industrialized country |
Current account: | −$38.7 billion (2021-22) |
GDP | $3.469 trillion (nominal; 2022 est.) $11.665 trillion (PPP; 2022 est.) |
Exports | $421.894 billion (FY2021-22) |
Imports | $612.608 billion (FY2021-22) |
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