India - Csr & Green Initiatives

Corporate Social Responsibility and Green Initiatives of India

Economic Overview of India

India is the seventh largest country in the world by area, and the second largest by population. Its capital is New Delhi, and it has a population of almost 1.2 billion. Hindi is the official language of the Union, and English is the business language. India’s currency is the Indian Rupee (INR), and some major cities include Mumbai, New Delhi, Kolkata, Chennai, Bangalore, and Hyderabad. India is a secular state and the largest democracy in the world with a parliamentary government.

Distribution of India’s GDP as of 2009 is 57% in services, 28% in industry and 15% in agriculture. India’s economy is second only to China when comparing the growing economies of the world. The country’s GDP has been growing at an average rate of around 8.5% for the last five years. Despite economic slowdown, prospects are still very positive in the near future for India. India also ranks third in the world amongst the most attractive destinations for FDI in the world. India’s nominal GDP is $1.367 trillion and PPP is $3.862 trillion. India’s GDP growth as of the first quarter of 2010 is 8.8%. The inflation rate is around 8.62% as of September 2010, and its unemployment rate is around 9.4%. The percentage of the population living below poverty is around 37%.

India’s natural resources include fish, coal, iron ore, natural gas, diamonds, petroleum, and oil. India’s total imports are $287.5 billion and total exports are $176.5 billion. Major import partners include China, Saudi Arabia, US, UAE, Iran, Singapore, and Germany. Major export partners include the USA, UAE, and China. Major export commodities include software, petroleum products, textile goods, gems and jewels, engineering goods, chemicals, and leather manufacturers. Major imports include crude oil, machinery, gems, fertilizers and chemicals.

Foreign Direct Investment at home in India is around $161.3...