India
India Economy
The economy of India is the eleventh largest economy in the world by nominal GDP $1.236 trillion and the fourth largest by Purchasing Power Parity $3.526 trillion in 2009. 2009 to 2010 India's official GDP growth rate is 7.4% which is among the highest in the world. India's large service industry accounts for 62.5% of the country's Gross Domestic Product (GDP) while the industrial and agricultural sector contribute 20% and 17.5% respectively. Major industries include telecommunications, textiles, chemicals, food processing, steel, transportation equipment, cement, mining, petroleum, machinery, information technology enabled services and software. The United States is India's largest investment partner, with a 13% share. India's total inflow of U.S. direct investment was estimated at more than $16 billion through 2008.
California Exports to India
- India is California's 19th largest export partner
- California exported $1.9 billion worth of goods to India, accounting for less than 1.5% of California's overall goods exports in 2007
- California's top exports to India are Computer and electronic products, valued at nearly $576 million.
Source: TradeStats Express
India Exports to the U.S.
India exported US$24 billion worth of merchandise to the United States in 2007, a 10% increase from 2006. Top products include gem diamonds, cotton apparel and household goods, jewelry, medicinal, dental and pharmaceutical preparations, fuel etc..