INDIA: AN ECONOMIC OVERVIEW
India is the second most populous country in the world with a population of over 1.32 billion with 70% below the age of 45
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INFRASTRUCTURE
India's infrastructure is a structural element to the Indian economy, encouraging large focus and investment from the Government.
INDIA'S INFRASTRUCTURE INDUSTRIES INDEX
has fluctuated over the years but is slowly increasing.
India's Infrastructure Industries Index
(2011-2012=100)
120.7
January 2016
124.8
January 2017
132.5
January 2018
The development of India’s infrastructure has not kept pace with the rapid growth of the urban population, the increasing middle class and the ongoing industrialisation of the country.
India ranked
46th out of 137 countries
in terms of overall quality of infrastructure in the 2017-2018 report by the World Economic Forum
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STEEL
The Indian steel industry enjoyed solid growth in 2017, fuelled by strong domestic demand from the construction and infrastructure industries, alongside improving prospects on foreign markets.
The Indian steel industry contributes around 2% of the country GDP and employs some 500,000 people directly and about 2mn indirectly
3rd
in World Crude Steel Production
100.7mn tonnes
Finished Steel Production
USD 100bn
Steel Sector Market Value
In March 2018, India produced it's highest amount of steel at 105 thousand metric tonnes (in comparison to 102 thousand tonnes in March 2017).
India's finished steel consumption also rose in March 2018 to 90 thousand metric tonnes from 84 thousand metric tonnes in March 2017.
AUTOMOBILE SALES
The domestic automotive market expanded by 8.4% in 2017, following a 9.2% growth the previous year.
India has one of the fastest-growing auto industries in the world. The market has surged from
INR 1.87tn in FY2008 to over INR 5tn in FY2016
and the government expects it to grow to INR 19tn by FY2026
In terms of the automobile sales breakdown in India in 2017...
883,000+
Commercial vehicles were produced
2.75mn+
Passenger vehicles were produced
21mn+
Two-wheeler vehicles were produced
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CONSUMER CONFIDENCE
Household final consumption expenditure expanded 7.5% to reach INR 79.5tn in FY2016 continuing an upward trend observed in the country in the last five years.
At the end of 2017 the Consumer Confidence Survey had India at 96.9 points.
Since December 2017, has India's Consumer Confidence increased or decreased?
INCREASED
INCREASED
DECREASED
DECREASED
Incorrect!
India's Consumer Confidence has decreased since the beginning of 2018.
96.9
December 2017
95.1
March 2018
94.1
May 2018
Correct!
India's Consumer Confidence has decreased since the beginning of 2018.
96.9
December 2017
95.1
March 2018
94.1
May 2018
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EXPORTS
India is a large contender on the international trade scene with key exports such as crude oil, precious metals and petroleum products.
India's exports have fluctuated over the last year but overall have been increasing.
$298 billion
In exports in 2017,
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$36 billion
was from oil, accounting for 12% of their total exports.
-$108 billion
was India's final trade balance figure at the end of 2017.
TEST YOUR INSTINCTS
India is a significant exporter of gems and jewellery, and the world’s largest producer and exporter of what?
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SILVER
SILVER
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DIAMONDS
DIAMONDS
GOLD
GOLD
Incorrect!
It's Diamonds!
In FY2018, India exported a total of INR 1.67tn worth of gems, and the majority of these gems were cut and polished diamonds.
Gems and Jewellery Exports, INR bn (FY2018)
153.2
Silver
1,671.3
Gold Pearl, Precious, Semiprecious Stones
29.8
Gold
Correct!
It's Diamonds!
In FY2018, India exported a total of INR 1.67tn worth of gems, and the majority of these gems were cut and polished diamonds.
Gems and Jewellery Exports, INR bn (FY2018)
153.2
Silver
1,671.3
Gold Pearl, Precious, Semiprecious Stones
29.8
Gold