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Atradius’ country overviews provide short, concise information on large Western economies´ economic performance and insolvency development and on main emerging markets´ current political and economical situation and outlook.

High growth continues, but still a long way to go

• Although forecasts have been revised downwards, economic growth remains high (8.4%) in 2012 
• High consumer prices are the most serious concern, undermining the purchasing power of the poor majority 
• The tighter monetary policy to curb inflation has contributed to a growth slowdown in H2 of 2011
• Major structural deficiencies, but only slow reform progress as the current government has been weakened by corruption scandals 
• Ample international liquidity and a low level of external debt ensure that India will continue to grow fast in the future

General Information

Capital - New Delhi
Government type - Federal republic
Currency - Indian rupee (INR)
Population - 1.2 billion
Status - Lower middle income country
 (GDP/capita: US-$ 1,643 in 2011)

Main import sources (2009)

• China - 11.8%  
• UAE - 7.4%
• USA - 6.0%
• Saudi Arabia - 5.4%
• Australia - 4.5%

Main export markets (2009)

• UAE - 14.4%
• USA - 10.8% 
• China - 5.9%
• Hong Kong - 4.1%
• Singapore - 3.9%

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