Doing business in India: economic snapshot February 2018 | finder.com

ECONOMIC SNAPSHOT
INDIA

Internal perspective

India is witnessing a consumption boom fueled by a huge transformation in its demographics. A large English-speaking middle class and high disposal incomes has led to greater demand for Western products. While corruption is present at all levels of business, India’s demographic transformation will only lead to more economic growth and demand.

Population

1,324,171,354 (2016)

Internet users

26% (2015)

Gross domestic product (GDP)

  • $2.264 trillion (2017)

Top 5 Imports

Top 5 exports

Languages

Top 3 Trading Partners

Top franchises

GDP growth rate (est.)

  • 6.8% in 2016
  • 7.2% in 2017

Trends and outlooks

  • Government reforms driving increased integration in global economy
  • Young population with healthy savings and investments
  • Strong economy

Economic challenges

  • Limited non-agricultural employment opportunities
  • Ineffective intellectual property rights enforcement
  • Low participation of women in workforce
  • Inefficient power generation and distribution

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