India+Economics

India's Economics 


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India uses Indian rupees (INR). 1 US dollar = 46.78 INR in 2009
 * What do I pay with in India? **


 * GDP: ** $3.68 trillion
 * GNP: ** $3.77 Trillion PPP dollars


 * Average Income: ** $5737.28 per person


 * Imports: ** crude oil, precious stones, machinery, fertilizer, iron and steel, chemicals


 * Exports: ** petroleum products, precious stones, machinery, iron and steel, chemicals, vehicles, apparel


 * Industries: ** textiles, chemicals, food processing, steel, transportation equipment, cement, mining, petroleum, machinery, software, pharmaceuticals


 * Population below poverty line: ** 25%


 * Unemployment rate: ** 10.7%

India's diverse economy includes traditional village farming, modern agriculture, handicrafts, a wide range of modern industries, and a multitude of services. India's long term challenges include widespread poverty, inadequate physical and social infrastructure, limited employment opportunities, and insufficient access to basic and higher education ([|CIA World Factbook]).