-19, G-24,
G-77, GATT, IAEA, IBRD, ICAO, ICC, ICFTU, IDA, IFAD, IFC, ILO, IMF, IMO,
INMARSAT, INTELSAT, INTERPOL, IOC, ISO, ITU, LORCS, NAM, PCA, SAARC, UN,
UNAVEM, UNCTAD, UNESCO, UNIDO, UNIIMOG, UPU, WFTU, WHO, WIPO, WMO, WTO
Diplomatic representation:
Ambassador Abid HUSSEIN; Chancery at 2107 Massachusetts Avenue NW,
Washington, DC 20008; telephone (202) 939-7000; there are Indian Consulates
General in Chicago, New York, and San Francisco
US:
Ambassador William CLARK, Jr.; Embassy at Shanti Path, Chanakyapuri 110021,
New Delhi; telephone [91] (11) 600651; FAX [91] (11) 687-2028, 687-2391;
there are US Consulates General in Bombay, Calcutta, and Madras
Flag:
three equal horizontal bands of orange (top), white, and green with a blue
chakra (24-spoked wheel) centered in the white band; similar to the flag of
Niger, which has a small orange disk centered in the white band

:India Economy

Overview:
India's economy is a mixture of traditional village farming and handicrafts,
modern agriculture, old and new branches of industry, and a multitude of
support services. It presents both the entrepreneurial skills and drives of
the capitalist system and widespread government intervention of the
socialist mold. Growth of 4-5% annually in the 1980s has softened the impact
of population growth on unemployment, social tranquility, and the
environment. Agricultural output has continued to expand, reflecting the
greater use of modern farming techniques and improved seed that have helped
to make India self-sufficient in food grains and a net agricultural
exporter. However, tens of millions of villagers, particularly in the south,
have not benefited from the green revolution and live in abject poverty, and
great numbers of urban residents lack the basic essentials of life. Industry
has benefited from a partial liberalization of controls. The growth rate of
the service sector has also been strong. India, however, has been challenged
more recently by much lower foreign exchange reserves, higher inflation, and
a large debt service burden.
GDP:
exchange rate conversion - $328 billion, per capita $380; real growth rate
2.5% (FY92 est.)
Inflation rate (consumer prices):
12.0% (1991)
Unemployment rate:
20% (1991 est.)
Budget:
revenues $38.5 billion; expenditures $53.4 billion, including capital
expen