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| Topic: |
Business
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| Number of pages / Number of words: |
7 / 1821 |
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Growth of the agricultural sector is still fairly slow rebounding to only 5.7% in 1997 from a fall of 0.1% in 1996. Agricultural investment has slowed, while costly subsidies on fertilizer, food distribution, and rural electricity remain. Nevertheless, even if a series of weak coalition governments continue to rule in New Delhi over the next few years and are unable to push reforms aggressively, parts of the economy that have already benefited from deregulation will continue to grow...
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Indian government projects GDP growth of at least 5.5% in 1998.
KEY ECONOMIC INDICATOR (based on 1997 data unless otherwise stated)
GDP - US$1.534 trillion
- real growth rate 5%
- per capita US$1,600
- GDP composition by sector
Agriculture 30%
Manufacturing 28%
Services 42%
Inflation rate - consumer price index : 7%
Labor Force - nearly 400 million
- Labor force composition by sector :
Agriculture 67%
Manufacturing 18%
Services 15%
- Average Indian's worker salary Rs 2000 ? Rs 5000 per month with others allowance such as:
§ Annual bonus
§ Cost of living allowance (amount about 10% of monthly salary)
§ Tenure gratuity (15 days per working year)
Currency - 1 Indian rupee (Rs) = 100 paise
- Exchange rates: Indian rupees (Rs) per US$ 1 - 39...
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