India has a rich heritage of culture and history
India is a country of contrasts, both in terms of natural conditions and socio-economic situation.
India is a vivid and colourful country which economy is increasingly integrated with the global economy.
Large-scale economic reforms realized in the last decade have had far-reaching consequences.
Huge and constantly growing market, developing infrastructure, sophisticated financial sector, flexible regulatory environment, benefits, steady state and good economic outlook make India attractive for investments. Business environment in India is favorable for achieving high level and constant growth.
The economy of India, despite the impact of the global financial crisis, is considered to be stable and has positive dynamics.
India is rich in mineral resources, but that is critical for such a populous country, thus the country is experiencing the shortage of fertile lands, water resources, oil deposits. Among the mineral resources the most common are iron ore, manganese, chromium, to a lesser extent - copper, alumina, zinc, tin, lead, gold, silver, diamonds, graphite, magnesite, dolomite.
Enterprises processing agricultural products and mineral resources are also common.
India takes 7 place in the world in steel production. Indian steel companies mastered the production of a wide assortment of rolled steel products and further redistribution (sheet and profile rolling, steel billets, hot roll steel, cold rolled sheet, metal stamping, structural steel, pipe, wire, electrical steel, tin).
Indian industry combines a variety of forms - from large factories equipped with the latest technology to primitive handicraft industries. Nonindustrial fuels such as wood, continues to play a significant role in the overall energy balance of India. However, significant efforts are aimed to increase the production of coal, oil, natural gas, increase of electricity production.
Chemical industry enterprises produce varnishes, paints, chemical fibers, fertilizers.
Machinery-producing industry in India began to ensure domestic traditional machine industry - sugar (almost completely), textile, and electrical energy.
High ancestral experience of Indian masters provides stable development of such a specific industry as diamond industry. India makes a big impact on world trade in diamonds, because it is the only country that produces fine diamonds weighing from 0.01 to 0.02 carats which are the most popular.
The state makes great efforts to develop agriculture, which has large-scale plant growing. Despite the most numerous livestock in the world (182 million heads, about 15% of world livestock), animal production is poorly developed in the country.
Horned livestock is more used as drawing power. Religion forbids slaughtering of cows, thus the population is limited to small cattle breeding and poultry. Pig is important only in areas with Christian population, and also in suburban areas of big cities. Marine Fishery is developed the most in southern and western coastal states, the river fishery - in the east and northeast of the country.
60% of the territory is used in India for farmland. They are mainly used as arable land. the main crop is rice (21.5% of world production), wheat (over 11% of world production), and millet and legumes. Rice is grown mainly in the coastal lowlands and in the valleys of the Ganges and Brahmaputra - in the north-western India.
Spices are traditional Indian export article, exported of about 90 tons per year. Spices, among which black pepper takes the first place, and cloves and cardamom, are grown in southern India. In India, virtually all known fruits are grown, tropical and subtropical as well as fruits characteristic of the temperate zone. India takes the first place in the world (17.1%) for the harvests of bananas and pineapples.
Cottage enterprises (carpet making, weaving, jewelry, ivory carvings, etc..) are developed in India. India occupies takes the first place in the world of film production (500-900 films a year).
Textile, handicraft products, agricultural products (tea, sugar, spices), machinery, coal, nonmetallic minerals, iron, plastics, fertilizers, rubber, wood, medicines dominate in the exports of India.
Fuel, machinery, chemical products, primarily fertilizers are predominant in import. Major trading partners are: U.S.A., Germany, Japan.