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. Industry has benefited from a
liberalization of controls. The growth rate of the service sector has
also been strong.
GNP: $333 billion, per capita $400; real growth rate 5.0% (1989
est.)
Inflation rate (consumer prices): 9.5% (1989 est.)
Unemployment rate: 20% (1989 est.)
Budget: revenues $48 billion; expenditures $53 billion, including
capital expenditures of $13.6 billion (1989)
Exports: $17.2 billion (f.o.b., 1989); commodities--tea, coffee,
iron ore, fish products, manufactures;
partners--EC 25%, USSR and Eastern Europe 17%, US 19%, Japan 10%
Imports: $24.7 billion (c.i.f., 1989); commodities--petroleum,
edible oils, textiles, clothing, capital goods; partners--EC 33%,
Middle East 19%, Japan 10%, US 9%, USSR and Eastern Europe 8%
External debt: $48.7 billion (1989)
Industrial production: growth rate 8.8% (1989)
Electricity: 59,000,000 kW capacity; 215,000 million kWh produced,
260 kWh per capita (1989)
Industries: textiles, food processing, steel, machinery, transportation
equipment, cement, jute manufactures, mining, petroleum, power,
chemicals, pharmaceuticals, electronics
Agriculture: accounts for about 33% of GNP and employs 67% of labor force;
self-sufficient in food grains; principal crops--rice, wheat, oilseeds, cotton,
jute, tea, sugarcane, potatoes; livestock--cattle, buffaloes, sheep, goats and
poultry; fish catch of about 3 million metric tons ranks India in the world's
top 10 fishing nations
Illicit drugs: licit producer of opium poppy for the
pharmaceutical trade, but some opium is diverted to international drug
markets; major transit country for illicit narcotics produced in
neighboring countries
Aid: US commitments, including Ex-Im (FY70-88), $4.2 billion; Western
(non-US) countries, ODA and OOF bilateral commitments (1980-87), $18.6 billion;
OPEC bilateral aid (1979-89), $315 million; USSR (1970-88), $10.0 billion;
Eastern Europe (1970-88), $105 million
Currency: Indian rupee (plural--rupees);
1 Indian ru
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