ECONOMY
Gross Domestic Product: $291.1 billion(1994 estimate)
Chief Economic Products:
Agriculture: Sugarcane, rice, wheat, tea, cotton, jute, vegetables, melons, sorghum, millet, cashews, coffee, spices, livestock
Fishing: Shrimps and prawns, croakers, Indian oil sardines, Bombay ducks, anchovies, Indian mackerel, marine catfish
Mining: Iron ore, coal, bauxite, manganese, mica, dolomite, copper, petroleum, natural gas, chromium, lead, limestone, phosphate rock, zinc, gold, silver
Manufacturing: Textiles, iron and steel, processed agricultural products, machinery, transportation equipment, nonferrous metals, fertilizer, refined petroleum, chemicals, computer software
Employment Breakdown:
67% Agriculture, Forestry, and Fishing
20% Services
13% Industry
Major Exports:
Gems and jewelry, engineering goods, garments, chemicals and pharmaceuticals, cotton yarn and fabrics, leather and leather goods, marine products, iron ore, tea, vegetables and fruit, petroleum products, handmade carpets
Major Imports:
Petroleum and petroleum products, nonelectric machinery, precious and semiprecious stones, inorganic chemicals, iron and steel, fertilizers, electrical machinery, resins and plastics
Major Trading Partners:
United States, Japan, Germany, Commonwealth of Independent States, Great Britain, Belgium and Luxembourg, United Arab Emirates, Saudi Arabia
Currency: Rupee
Exchange Rate: 35.76 rupees = U.S.$1 (1997)
Sources:
Europa World Year Book 1994 | The New York Times | Statesman's Year-Book 1994-95 | World Bank | The Wall Street Journal |