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India – Indian

 

With an estimated population of more than 1,160 million people, India is the second most populous country in the world and the second largest geographical entity with bigger cultural, linguistic and genetic diversity in the world, after Africa. Its urban population has increased eleven times in the twentieth century, increasingly concentrated in large cities. In 2001 there were 35 cities with more than one million people, while the three largest cities (Mumbai, Delhi and Calcutta), had more than ten million inhabitants each.

Transformed in 1991 in a market economy, has emphasized since its transformation in its policies of foreign trade and foreign investment as main sectors of its economy.

In recent decades, the Indian economy has had an annual growth rate of GDP of around 5.8 %, making it one of the world's economies fastest growing. Moreover, India has the largest workforce in the world, with 516.3 million people. In terms of output, the agricultural sector accounts for 28 % of GDP, the service sector and industry account for 54 % and 18 %, respectively.

The main industries are textiles, chemicals, food processing, steel, transport equipment, cement, mining, petroleum, machinery and software trade.

Major exports include petroleum products, some textiles, gems, software, engineering goods, chemicals, hides and skins. Major imports include crude oil, machinery, gems, fertilizer and some chemicals.

Its GDP of 1,237 billion makes it the 12th largest economy in the world. However, nominal per capita income in India is U.S. $ 1,016, ranking 143rd in the world.

In 2007, reports of major global investment banks predicted "from 2007-2020, GDP per capita in India will quadruple and India 's GDP would surpass that of the United States before 2050, but India will remain a low-income country for several decades, with per capita incomes below other BRIC”.