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|India country fact sheet|
|Administration||29 States and 7 union territories|
|Total area||3.29 m sq km (90% land, 10% water)|
|Population (2017)||34 bn (urban: 33.6%7, rural: 66.4%)
Population growth5: 1.13% (y-o-y)
|Labour force||521.9 mn in 2017|
|President||Ram Nath Kovind (tenure: five years)|
|Prime Minister||Narendra Modi (tenure: five years)|
|GDP||US$ 2.6 tn (current prices, FY18), GDP growth: 6.7% in FY18|
|Private Consumption||US$ 1.5 tn in FY18|
|Trade FY18||Merchandise Imports: US$ 302.2 bn,
Merchandise Exports: US$ 461.0 bn,
Merchandise Trade deficit:
US$ 158.8 bn
~ ‘FDI’ means investment by a non-resident entity or a person resident outside India in the capital of an Indian company under Schedule I of Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000. ~
~ Reserve Bank of India ~
With India aiming to become a US$ 5 trillion economy by 2024/25, the investment climate in the country has improved considerably since the opening up of the economy in 1991. During the last decade, the Indian government has introduced a number of significant economic reforms measures to invigorate the economy.
According to the India Brand Equity Foundation (IBF), favourable policies for encouraging Foreign Direct Investment (FDI), tax benefits, and encouraging government policies coupled with promising growth prospects, have helped the industry attract private equity, venture capitals and foreign players into India.
Today, India is a part of Top 100 Club on Ease of Doing Business (EoDB) and globally ranks 77th out of 190 nations. It also ranks 1st in the greenfield FDI ranking. India received foreign direct investments worth US$ 42 billion in 2018, according to the United Nations.