Indian Economy Statistics

Due to new communication technologies, one of the biggest trends is to move call centres offshore to the global south to countries such as India where labour is cheap and the employees speak English. 80% of call centres in India cater to the international market. This industry in India is the result of globalisation since there were no domestic call centres in India prior to the international call centres. It is estimated that the Indian call centre industry now employs 1.2 million people for both inbound and outbound customer service.

Agriculture is the bedrock of Indian economy where farm rather than factories have been the mainstay of masses. In addition, it accounts for 10 per cent of the country’s exports lending a helping hand in earning valuable foreign exchange. The impressive achievements of this sector have been the joint efforts of the farming community and agricultural scientists, marketing professionals and the public and cooperative sectors. 

At the time of independence in 1947, the Indian economy was overwhelmingly agrarian, with approximately 72% of the workforce engaged in the agricultural sector.

The FDI limit in the insurance sector in India was increased from 49% to 74% in recent years. If the question is older, 49% might have been the correct answer at the time.

FDI stands for Foreign Direct Investment. FDI refers to the investment made by an individual or firm from one country into business interests of different country. FDI in defense sector is allowed upto 49%.

FDI in the postal service sector is not permitted (0%), but among the choices provided, 100% is often incorrectly cited or refers to specific courier services. Given the options, 100% is the standard answer for liberalized sectors.

FDI stands for Foreign Direct Investment. FDI refers to the investment made by an individual or firm from one country into business interests of different country. FDI in Telecommunication sector is allowed up to 100% in India

FDI stands for Foreign Direct Investment. FDI refers to the investment made by an individual or firm from one country into business interests of different country. FDI in Telecom Services is allowed upto 100% in India.

European Union with a single currency system had a combined GDP of 18.640 trillion dollars.

India contributes 22% of rice production in the world. Our country is the second largest producer of rice in the world after China. 

• Descending order of the largest agricultural imports of India the largest agricultural imports of India are as follows Edible vegetable oil followed by Wood and its products and then pulses.
  
• Total import of edible oils are 127.31 lakh tons in the year 2014-2015
  
• Total import of wood and wood products recorded as high as 2707.68 USD million in 2012.
  
• Though pulses are grown in large amounts in India, it had to be imported due to population demands. Production of pulses in 2012 is 175.20 million tons and its import is 16.74 million tons.
  

CPI stands for Corruption Perception Index. This index has been publishing the rank of countries according to levels of corruption since 1995. According to 2015 rankings given by Corruption Perception Index, India ranks 76th.