Coal, oil, gas, iron ore, bauxite, limestone,
manganese ore, magnetite, chromites, copper ore, zinc, lead, gold,
mica, gypsum, tungsten, barites, graphite, dolomite, kaolin, phosphates
and many more, with considerable reserves yet to be exploited
Agriculture
Rice, wheat, coarse cereals, cotton, jute,
sugarcane, oilseeds, pulses, a variety of fruits and vegetables,
plantation crops (tea, coffee, various spices etc.), herbal and
medicinal crops, animal husbandry and food processing. Indian
agricultural products are exported to over 50 countries. India's
food grains production is over 230 mn tonnes.
Industry
Textiles and yarns (cotton, silk, jute,
synthetics etc.), cement, rubber goods, engineering goods, electronics
and heavy electrical products, automobiles, two and three
wheelers, tractors, food processing,
steel, fertilizers, mining, chemicals, paper and newsprint,
drugs and
pharmaceuticals, consumer goods and small
and cottage industries, information technology. India is among
the ten most industrialized nations in the world. In particular,
it is universally acknowledged as an IT super power
Trade in US$ billion
1994-95
1995-96
1996-97
1997-98
1998-99
1999-00
2000-01
2001-02
2002-03
2003-04
2004-05
2005-06
2006-07
Imports
28.7
36.7
39.1
41.5
42.4
49.7
50.5
51.4
61.4
77.0
83.4
130
150
Exports
26.3
31.8
33.5
35.0
33.2
36.8
44.6
43.8
52.7
63.5
60.8
100
130
Major Trading Partners
OECD
EU
(especially UK, Germany, France, Belgium and Netherlands
)
Despite the volatility in international oil prices,
along with a continuing sluggishness in global
recovery, an uncertain international situation, and
the simultaneous challenge of combating externally aided and
abetted terrorism, India's macro-economic circumstances
have never been better. India's strength is its human
resource, the world's largest pool of trained scientific and
technical manpower. Having grown 9.2% in 2006-07, the Indian economy, the third largest
in the world (PPP), has come of age.
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