| Indian economy overview |
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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. |
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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. |
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India has the largest number of biomass gasifier systems in the world producing 656 mega watts (MW) of power. |
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India is the 3rd largest producer of solar photovoltaic cells in the world producing 2.12 MW of power. |
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India is the world's 4th largest wind power user. |
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India is the 9th largest solar thermal power generating country in terms of million units per sq. m. |
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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. |
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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.
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India has the world’s fourth largest automobile industry.
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India happens to be the fourth largest export destination for Australia.
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Export of cars grew 57 per cent in 2008-09 at 3.3 lakh units.
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Two-wheeler exports crossed the million-mark on a growth of 22.5 per cent in 2008-09. |