OECD - OECD Economic Surveys: India 2019
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OECD (2019), OECD Economic Surveys: India 2019 , OECD Publishing, Paris, https://doi.org/10.1787/554c1c22-en .
This Survey was prepared in the Economics Department by Isabelle Joumard and Christine de La Maisonneuve under the supervision of Piritta Sorsa. The survey benefited from the substantial contributions of Christine Arriola, Sebastian Benz, Manuel Btin, John Drummond, Julien Gourdon, Andrs Fuentes Hutfilter, Sanskruthi Kalyankar, Hildegunn Nords, Susan Stone and Frank van Tongeren.
Research assistance was carried out by Marnix Dek and Roland Tusz. Assa Fofana formatted the report and made the layout.
The draft OECD Economic Survey of India was discussed at a meeting of the Economic and Development Review Committee on 7 October 2019, with the participation of representatives from the Indian authorities. It was then revised in the light of the discussions.
This Survey is published under the responsibility of the Secretary General of the OECD.
The previous Survey of India was issued in February 2017. Information about the latest as well as previous Surveys and more information about how Surveys are prepared is available at http://www.oecd.org/eco/surveys
Basic statistics of India, 2018 | |||||
|---|---|---|---|---|---|
(Numbers in parentheses refer to the OECD average)* | |||||
LAND, PEOPLE AND ELECTORAL CYCLE | |||||
Population (million, 2017) | 1 339.2 | Population density per km (2017) | 450.4 | (37.7) | |
Under 15 (%, 2017) | 27.8 | (17.9) | Life expectancy (years, 2017) | 68.8 | (80.3) |
Over 65 (%, 2017) | 6.0 | (16.8) | Men (2017) | 67.3 | (77.7) |
International migrant stock (% of population, 2015) | 0.4 | (10.0) | Women (2017) | 70.4 | (83.0) |
Latest 5-year average growth (%) | 1.2 | (0.6) | Latest general election | May-2019 | |
ECONOMY | |||||
Gross domestic product (GDP) | Value added shares (%, 2017) | ||||
In current prices (billion USD) | 2 719.5 | Primary sector | 17.2 | (2.4) | |
In current prices (billion INR) | 185 689.6 | Industry including construction | 29.3 | (27.3) | |
Latest 5-year average real growth (%) | 7.5 | (2.3) | Services | 53.5 | (70.3) |
Per capita (000 USD PPP, 2017) | 7.0 | (44.8) | |||
GENERAL GOVERNMENT | |||||
Per cent of GDP | |||||
Expenditure | 27.7 | (41.2) | Gross financial debt (OECD: 2017) | 67.2 | (109.6) |
Revenue | 21.8 | (38.2) | |||
EXTERNAL ACCOUNTS | |||||
Exchange rate (INR per USD) | 68.28 | Main exports (% of total merchandise exports) | |||
PPP exchange rate (USA = 1) | 18.18 | Manufactured goods | 25.3 | ||
In per cent of GDP | Machinery and transport equipment | 17.7 | |||
Exports of goods and services | 19.6 | (56.1) | Chemicals and related products, n.e.s. | 15.6 | |
Imports of goods and services | 23.3 | (52.0) | Main imports (% of total merchandise imports) | ||
Current account balance | -2.4 | (0.3) | Mineral fuels, lubricants and related materials | 32.5 | |
Net international investment position | -15.5 | Machinery and transport equipment | 21.4 | ||
Manufactured goods | 13.9 | ||||
LABOUR MARKET, SKILLS AND INNOVATION | |||||
Employment rate (aged 15 and over, %) | 46.8 | (68.4) | Unemployment rate, Labour Force Survey (aged 15 and over, %) | 6.0 | (5.3) |
Men | 71.2 | (76.0) | Youth (aged 15-24, %) | 10.4 | (11.1) |
Women | 22.0 | (60.9) | Tertiary educational attainment (aged 25-64, %, 2011, OECD: 2017) | 10.6 | (36.9) |
Participation rate (aged 15 and over, %) | 49.8 | (59.9) | Gross domestic expenditure on R&D (% of GDP, 2015, OECD: 2016) | 0.6 | (2.5) |
ENVIRONMENT | |||||
Total primary energy supply per capita (toe, 2016, OECD: 2017) | 0.7 | (4.1) | CO2 emissions from fuel combustion per capita (tonnes, 2016) | 1.6 | (9.0) |
Renewables (%, 2016, OECD: 2017) | 24.2 | (10.2) | Renewable internal freshwater resources per capita (1 000 m, 2014) | 1.1 | |
Exposure to air pollution (more than 10 g/m of PM2.5, % of population, 2017) | 99.9 | (58.7) | |||
SOCIETY |
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