India

India, officially the Republic of India is a big country situated in South Asia. It is the seventh largest country by geographical area.

Economy

India's population is estimated at more than 1.1 billion and is growing at 1.3% a year. It has the world's 12th largest economy--and the third largest in Asia behind Japan and China--with total GDP of around $1 trillion ($1,000 billion). Services, industry, and agriculture account for 55%, 27%, and 18% of GDP respectively. Nearly two-thirds of the population depends on agriculture for its livelihood. 700 million Indians live on $2 per day or less, but there is a large and growing middle class of 325-350 million with disposable income for consumer goods.

Society

India has the wolrd's second largest labourd force, with 509.3 million people, 60% of whom are employed in agriculture and related industries; 28% in services and related industries; and 12% in industry.In 2006, estimated exports stood at US$112 billion and imports were around US$187.9 billion. Textiles, jewellery, engineering goods and software are major export commodities. Crude oil, machineries, fertilizers, and chemicals are major imports.