After introducing the economic reforms Indian has now came places. India now not only rose to a respected position on world platform but her economic boom & large population is also contributing to other countries growth story. Here are the few facts about India. Though after all this boom & applause India still remains a very poor country with increasing in equality, inflation & corruption damaging India’s repo as rising soft world power.
Facts about India:
$ 3.548 trillion GDP
India is the third richest country in Asia having $ 3.548 trillion GDP compared on Purchasing Power Parity. GDP per capita of India is $ 3, 1000 with growing population. India is the third wealthiest nation of Asia having a fastest growing economy which is progressing at a rate of 7% per year. 4th in the World after US, China & Japan.
3,165,596 Sq Kms
Is the Land Area of India making her a 7th largest country in the world & 2nd largest country in Asia.
2.67 million bbl/day Oil consumption
Even though India meet her 30% of oil consumption from her domestic oil blocks but the rest difference made her the fourth largest consumer of OIL & GAS this has lead in a huge investments on foreign exploration by Indian Oil & Gas giants. India consuming oil at 2.67 million bbl/day. The combination of oil consumption and relatively flat production has left India increasingly dependent on imports to meet its petroleum demand. In terms of oil use, transportation is the largest sector with highest consumption.
256 million tonnes per annum increasing by 45% annually
India is also the world’s biggest oil refiner with refining all daily raw crude of the Gulf Region & of its own. & host of a world biggest oil refining complex in Jamnagar – Gujarat.
1trillion US Dollars defence imports for next five year
As per Stockholm International Peace Research Institute India is the biggest buyer of arms in the world making a staggering 1 trillion US Dollars of purchase budget for arms imports.
40million tonnes of wheat, 30million tonnes of oil seeds
Is the consumption which requires satisfying the population hunger of India as per UPI Asia estimates? Even though India is in some respect is self sufficient in agricultural production but as the population grows India is now looking to satisfy her hunger through imports last year India imports 5 million tons of wheat & another 7% more oil seeds, even after the bumper crop India have to import other food items respectively. India also supports the largest cattle population in the world making India self sufficient in meat & dairy products supporting the 2nd most populated country in the world with figures going more than 1.2 billion people.
Is the length of Indian Railway network which is the fourth largest in the world carrying 25million passengers & 2.5million tons of freight daily & employing 1.6million people which makes it the largest employer of the world.
3.314 million Kilometres
Is the total length of India’s road network positioning at the worlds third largest. India has the world’s highest road density.
Are mobile phone users making India the world’s fastest growing wireless market & positioning India at 3rd place in the world’s list of mobile phone subscribers?
India is the home of the World’s largest ship breaking yard which employees more than 500000 people & breaks almost all the retired shipping vessels of the world. It also houses the one of the world’s largest shipping industry also.
India has now become a second country after US who has launched mission on moon successfully. This has made India a global hub for space technology & aero space engineering which is not only efficient but also cheapest in the world.
Nearly 70% of the information technology & software development & research is done in India making it a largest silicon valley hub of the world.
India has become outsourcing power & centre of the world as almost all the outsourcing in all services being sourced from here. Indian economy before 1990 was agriculture driven economy but now India is a service driven economy transforming her into a technology power house & synonymously tagging a Soft Power Tag.
Almost 70% of the world’s nanotechnology, biotechnological need is being researched & sourced from India.
Pharmaceutical sector is another which is now advancing with enormous pace making it one of the biggest pharma sectors in the world.
After China, India has the world’s highest density of cars where almost every car maker has its manufacturing facility specially designed for meeting Indian demand & also for export purposes. In Delhi alone 1200 cars are sold every day & another 1000 add on the road making Delhi 2nd most polluted city after Beijing as per WHO report. Resulting in a huge traffic jams & increased numbers of road accidents.
India is the largest consumer of Palm Oil in the world 80% of the Palm Oil produced annually in the world is consumed by India.
India is the largest consumer of Gold & Silver in the world where nearly 68% of the total production is consumed by the Indians only.
India is the hub of the world’s largest diamond cutting industry where 9 out of 10 diamonds in the world are cut in India.
Indian is the largest producer of Mica in the world, India has huge reserves of coal, iron ore, bauxite, uranium, titanium, thorium, zinc, copper, silver, gold, limestone, bronze, precious stones, granite, marble which rank India in the top five. India also has proven sufficient reserves of natural gas, oil, shale gas.