India Macro Data 2024 Flashcards
1
Q
GDP
A
$3.42 Trillion
2
Q
Annual GDP Increase (2024)
A
7.3%
3
Q
GDP per Capita
A
$2.85 thousand
4
Q
GDP per Capita (PPP share of World)
A
7.75%
5
Q
Inflation Rate (2024)
A
4.85%
6
Q
Unemployment Rate (2024)
A
8.1%
7
Q
Government Debt:GDP (2024)
A
82.3%
8
Q
GNI per Capita (2024)
A
$2,390
9
Q
Fiscal deficit (2023)
A
$133.1 Billion
10
Q
India Head of State
A
Droupadi Murmu
11
Q
India Exports by Sector
A
ICT: 30.11%
Petroleom Oils, refined: 7.31%
Transport: 4.83%
Diamonds: 4.2%
12
Q
India Imports by Sector
A
ICT:
13
Q
Corporation Tax Rate
A
Main Rate is 25%
14
Q
General VAT Rate
A
18%
15
Q
Forecasted GDP Growth Rate (FY 25)
A
6.5%
16
Q
Why might we not see growth in India?
A
Uneven implementation of reform history and labour market weakness due to minimal femal participation.
17
Q
Core Inflation Rate (2023)
A
Decelerated to 3.7% from 6.0%
