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Quick Facts

Last Updated: January 2009
 
Indian economy overview
Quick Facts India received a total of US$ 23.3 billion in Foreign Direct Investment (FDI) between April-December 2008, recording a growth of 45 per cent, said Union Finance Minister Mr Pranab Mukherjee while presenting the interim budget in the Lok Sabha on February 16, 2009.
Quick Facts Despite the global meltdown that impacted most emerging market economies, Mukherjee said that India’s GDP growth of 7.1 per cent for the current year would make the country the second-fastest growing economy of the world.
Quick Facts India has the largest number of biomass gasifier systems in the world producing 656 mega watts (MW) of power.
Quick Facts India is the 3rd largest producer of solar photovoltaic cells in the world producing 2.12 MW of power.
Quick Facts India is the world's 4th largest wind power user.
Quick Facts India is the 9th largest solar thermal power generating country in terms of million units per sq. m.
Quick Facts India was the first country to be accorded the status of a Pioneer Investor in 1987 and was allocated an exclusive area in the central Indian Ocean by the UN for exploration and utilisation of resources.
Quick Facts India's fast moving consumer goods (FMCG) industry has seen the launch of 251 new products up to October CY07, against 191 in the same period last year.
Quick Facts India has the world’s fourth largest automobile industry.
Quick Facts India happens to be the fourth largest export destination for Australia.
Quick Facts Export of cars grew 57 per cent in 2008-09 at 3.3 lakh units.
Quick Facts Two-wheeler exports crossed the million-mark on a growth of 22.5 per cent in 2008-09.
 
 
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
 

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