India

India is a federal parliamentary republic, located in Southern Asia. The prime minister is the leader of the government. The president is the head of state and, although limited in executive power, can influence the formation of governments at both state and national levels. India is the 5th largest economy in the world (by GDP PPP), but is ranked only 156th by GDP per capita. Around 45% of India’s merchandise exports are directed to just three markets (European Union, United States and United Arab Emirates). Total external trade volume is  22% of GDP. The central bank, Reserve Bank of India (RBI) pursues an inflation-targeting approach to monetary policy and maintains a floating exchange rate regime. Poverty, income inequality, inadequate infrastructure and current and fiscal deficits are usually named among key weaknesses of the Indian economy.

Names and Codes
Country Name India
Country code IND
Currency Name Indian rupee
Currency Code INR
Currency Symbol ₹; Rs
Subunit Rs1 = 100 paise
Key Pair USD/INR
Forex Quote direct
Central Bank Name Reserve Bank of India
Central Bank Abb. RBI
Economy and Trade
GDP (USD billion, 2017) 2600
GDP per capita (USD, PPP, 2017) 7060
Real GDP growth (2013-17) 5.8
Inflation (2013-17) 3.9
FDI inflows (% GDP, 2013-17) 1.8
Current account balance (% GDP, 2013-17) -1.4
Trade (% GDP, 2014-16) 22.4
Share in world total exports (%, 2016) 1.65
Monetary Policy and Currency
Exchange rate regime Floating
Monetary policy Inflation targeting
Price stability 4.00%
Real Interest Rate 1.12
Currency - global turnover (USD billion, 2016) 58
Currency - global share (%, 2016) 1.10
Key Pair - global turnover (USD billion, 2016) 56
Key Pair - global share (%, 2016) 1.10
Ranking - Economy
GDP per capita (USD, PPP, 2017)
Real GDP growth (2013-17)
Current account balance (% GDP, 2013-17)
Trade (% GDP, 2014-16)
Ranking - Currency and Monetary Policy
Currency - global turnover (USD billion, 2016)
Key Pair - global turnover (USD billion, 2016)
Real Interest Rate
Inflation (2013-17)
International Trade
Main Export (%, 2015)
Main Import (%, 2015)