23.8% of GDP (2004 est.)
Budget:
revenues: $67.3 billion
expenditures: $104 billion, including capital expenditures of $13.5
billion (2004 est.)
Public debt:
59.7% of GDP (federal debt only; state debt not included) (2004
est.)
Agriculture - products:
rice, wheat, oilseed, cotton, jute, tea, sugarcane, potatoes;
cattle, water buffalo, sheep, goats, poultry; fish
Industries:
textiles, chemicals, food processing, steel, transportation
equipment, cement, mining, petroleum, machinery, software
Industrial production growth rate:
7.4% (2004 est.)
Electricity - production:
547.2 billion kWh (2002)
Electricity - production by source: fossil fuel: 81.7% hydro: 14.5% nuclear: 3.4% other: 0.3% (2001)
Electricity - consumption:
510.1 billion kWh (2002)
Electricity - exports:
350 million kWh (2002)
Electricity - imports:
1.54 billion kWh (2002)
Oil - production:
780,000 bbl/day (2004 est.)
Oil - consumption:
2.13 million bbl/day (2001 est.)
Oil - exports:
NA
Oil - imports:
NA
Oil - proved reserves:
5.7 billion bbl (2004 est.)
Natural gas - production:
22.75 billion cu m (2001 est.)
Natural gas - consumption:
22.75 billion cu m (2001 est.)
Natural gas - exports:
0 cu m (2001 est.)
Natural gas - imports:
0 cu m (2001 est.)
Natural gas - proved reserves:
542.4 billion cu m (2004)
Current account balance:
$4.897 billion (2004 est.)
Exports:
$69.18 billion f.o.b. (2004 est.)
Exports - commodities:
textile goods, gems and jewelry, engineering goods, chemicals,
leather manufactures
Exports - partners:
US 17%, UAE 8.8%, China 5.5%, Hong Kong 4.7%, UK 4.5%, Singapore
4.5% (2004)
Imports:
$89.33 billion f.o.b. (2004 est.)
Imports - commodities:
crude oil, machinery, gems, fertilizer, chemicals
Imports - partners:
China 6.1%, US 6%, Switzerland 5.2%, Belgium 4.4% (2004)
Reserves of foreign exchange and gold:
$126 billion (2004 est.)
Debt - external:
$117.2 billion (2004 est.)
Economic aid - recipient:
$2.9 billion (FY98/99)
Currency (code):
Indian rupee (INR)
Currency code:
INR
Exchange rates:
Indian rupees per US dollar - 45.317 (2004), 46.583 (2003), 48.61
(2002), 47.186 (2001), 44.942 (2000)
Fiscal year:
1 April - 31 March
Communications India
Telephones - main lines in use:
48.917 million (2003)
Telephones - mobile cellular:
26,154,400 (2003)
Telephone system:
general assessment: recent deregulation and liberalization of
telecommunications laws and policies have prompted rapid change;
local and long distance service provided throughout all regions of
the country, with services primarily concentrated in the urban
areas; steady improvement is taking place with the recent admission
of private and private-public investors, but telephone density
remains low at about seven for each 100 persons nationwide but only
one per 100 persons in rural areas and a national waiting list of
over 1.7 million; fastest growth is in cellular service with modest
growth in fixed lines
domestic: expansion of domestic service, although still weak in
rural areas, resulted from increased competition and dramatic
reductions in price led in large part by wireless service; mobile
cellular service (both CDMA and GSM) introduced in 1994 and
organized nationwide into four metropolitan cities and 19 telecom
circles each with about three private service providers and one
