I. Key Economic Indicators for India
|
S.No.
|
Indicator
|
Value
|
-
|
Overall exports (Merchandise+Services)1
|
USD 770.18 billion in FY 2022-23
(+13.84%, Y-o-Y)
|
-
|
Overall imports (Merchandise+Services)1
|
USD 892.18 billion in FY 2022-23
(+17.38% , Y-o-Y)
|
-
|
Merchandise exports1
|
USD 34.66 billion (April 2023)
|
-
|
Merchandise imports1
|
USD 49.90 billion (April 2023)
|
-
|
Estimated value of services exports1
|
USD 30.36 billion (April 2023)
|
-
|
Estimated value of services imports 1
|
USD 16.50 billion (April 2023)
|
-
|
Merchandise and service exports1
|
USD 65.02 billion (April 2023)
|
-
|
Merchandise and service imports1
|
USD 66.40 billion (April 2023)
|
-
|
Growth of the economy2
|
6.0-6.8 % (FY 2023-24)
|
-
|
India’s outward foreign direct investment (OFDI)2
|
USD 2.22 billion (March 2023)
|
-
|
Real GDP growth2
|
6.1% (FY 2023-24)
|
|
12.
|
Inflation rate2
|
6.8 % (projection by RBI, for FY23)
|
II. Foreign Direct Investments (FDI) in India3
India offers numerous investment opportunities across various sectors:
-
Agriculture & Forestry: India is the largest producer and exporter of cereal products in the world. 100% FDI is allowed through Automatic Route in the plantation sector.
-
Healthcare: 100% FDI allowed in Greenfield and Brownfield projects. The healthcare sector in India is expected to grow to reach a size of USD 50 bn by 2025.
-
Pharmaceuticals: India as the largest provider of generic medicines globally, occupies 20% share in global supply by volume. The industry offers 60,000 generic brands across 60 therapeutic categories.
-
IT&BPM: Up to 100% FDI allowed in Data processing, Software development, and Computer consultancy services; Software supply services; Business and management consultancy services, Market research services, Technical testing, and Analysis services, under automatic route.
-
Food Processing – known also as “A Sunrise sector” offers opportunities for investments in the food retail sector, favorable economic policies, and attractive fiscal incentives.
-
Defense sector: 100% FDI through the government route.
As per the Institute for Management Development (IMD)’s Annual World Competitiveness Index 2022, India advanced to 37th position in 2022 (compared with 43rd place in 2021).4
***
Source:
1 PIB, https://pib.gov.in/
2 IBEF, India Brand Equity Foundation, https://www.ibef.org/
3 BInvest India, https://www.investindia.gov.in/
4 IMD World Competitiveness, https://worldcompetitiveness.imd.org
