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India's Economy Top performing Indian oil companies in the Fortune Global 500 list for 2005 include the following: Company Rank Revenue ($ millions) Indian Oil 170 29,643 Reliance Industries 417 14,841 Bharat Petroleum 429 14,436 Hindustan Petroleum 436 14,114 Oil & Natural Gas 454 13,751 ----------------------------------------------------------------------------------------------------------------------------------------------------- Financial & Economic Statistics Currency (code): Indian rupee (INR) Currency code: INR Exchange rates: Indian rupees per US dollar - 44.101 (2005), 45.317 (2004), 46.583 (2003), 48.61 (2002), 47.186 (2001) GDP (purchasing power parity): $3.699 trillion (2005 est.) GDP (official exchange rate): $720.3 billion (2005 est.) GDP - real growth rate: 7.6% (2005 est.) GDP - per capita (PPP): $3,400 (2005 est.) GDP - composition by sector: agriculture: 20.6% industry: 28.1% services: 51.4% (2005 est.) Current account balance: $-13.19 billion (2005 est.) Exports: $76.23 billion f.o.b. (2005 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: $113.1 billion f.o.b. (2005 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: $145 billion (2005 est.) Debt - external: $119.7 billion (2005 est.) Economic aid - recipient: $2.9 billion (FY98/99) Labor force: 496.4 million (2005 est.) Labor force - by occupation: agriculture 60%, industry 17%, services 23% (1999) Unemployment rate: 9.9% (2005 est.) Population below poverty line: 25% (2002 est.) Household income or consumption by percentage share: lowest 10%: 3.5% highest 10%: 33.5% (1997) Inflation rate (consumer prices): 4.6% (2005 est.) Investment (gross fixed): 24.8% of GDP (2005 est.) Budget: revenues: $111.2 billion expenditures: $135.8 billion; including capital expenditures of $15 billion (2005 est.) Public debt: 82% of GDP (federal and state debt combined) (2005 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: 8.2% (2005 est.) Electricity - production: 556.8 billion kWh (2003) Electricity - production by source: fossil fuel: 81.7% hydro: 14.5% nuclear: 3.4% other: 0.3% (2001) Electricity - consumption: 519 billion kWh (2003) Electricity - exports: 187 million kWh (2003) Electricity - imports: 1.4 billion kWh (2003) Oil - production: 785,000 bbl/day (2005 est.) Oil - consumption: 2.32 million bbl/day (2003 est.) Oil - exports: 350,000 bbl/day Oil - imports: 2.09 million bbl/day Oil - proved reserves: 5.7 billion bbl (2005 est.) Natural gas - production: 27.1 billion cu m (2003 est.) Natural gas - consumption: 27.1 billion cu m (2003 est.) Natural gas - exports: 0 cu m (2001 est.) Natural gas - imports: 0 cu m (2001 est.) Natural gas - proved reserves: 853.5 billion cu m (2005) Communications Telephones - main lines in use: 67.285 million (2005) Telephones - mobile cellular: 62,019,144 (2006) Source - CIA |
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