Economy of India
Currency 1 Indian Rupee (INR) (₨) = 100 Paise
Fiscal year April 1–March 31
Trade organisations WTO, SAFTA
Statistics
GDP (PPP) $5.21 trillion (PPP) (2008 est.) (3rd)
GDP growth 9.6% (2006/07)
GDP per capita $978 (nominal); $2,659 (PPP) [7]
GDP by sector agriculture: 19.9%, industry: 19.3%, services: 60.7% (2006 est.)
Inflation (CPI) 12.01% (26 July 2008)[1]
Population below poverty line 25% (2002 est.) [8]
Labour force 509.3 million (2006 est.)
Labour force by occupation agriculture: 60%, industry: 12%, services: 28% (2003)
Unemployment 7.8% (2006 est.)
Main industries textiles, chemicals, food processing, steel, transportation equipment, cement, mining, petroleum, machinery, software, services
External
Exports $125 billion (Financial Year 2006-2007)
Export goods textile goods, gems and jewelry, engineering goods, chemicals, leather manufactures, services
Main export partners US 18%, the People's Republic of China 8.9%, UAE 8.4%, UK 4.7%, Hong Kong 4.2% (2005)
Imports $187.9 billion f.o.b. (2006 est.)
Import goods crude oil, machinery, gems, fertilizer, chemicals
Main import partners the People's Republic of China 7.2%, US 6.4%, Belgium 5.1%, Singapore 4.7%, Australia 4.2%, Germany 4.2%, UK 4.1% (2005)
Public finances
Public debt $132.1 billion (2006 est.)
Revenues $109.4 billion (2006 est.)
Expenses $143.8 billion; including capital expenditures of $15 billion (2006 est.)
Economic aid donor: $17.3 million (2006)

Saturday, September 6, 2008

Fact Files of Banks in India

The first, the oldest, the largest, the biggest, get all such types of informations about Banking in India in this section.

The first bank in India to be given an ISO Certification Canara Bank
The first bank in Northern India to get ISO 9002 certification for their selected branches Punjab and Sind Bank
The first Indian bank to have been started solely with Indian capital Punjab National Bank
The first among the private sector banks in Kerala to become a scheduled bank in 1946 under the RBI Act South Indian Bank
India's oldest, largest and most successful commercial bank, offering the widest possible range of domestic, international and NRI products and services, through its vast network in India and overseas State Bank of India
India's second largest private sector bank and is now the largest scheduled commercial bank in India The Federal Bank Limited
Bank which started as private shareholders banks, mostly Europeans shareholders Imperial Bank of India
The first Indian bank to open a branch outside India in London in 1946 and the first to open a branch in continental Europe at Paris in 1974 Bank of India, founded in 1906 in Mumbai
The oldest Public Sector Bank in India having branches all over India and serving the customers for the last 132 years Allahabad Bank
The first Indian commercial bank which was wholly owned and managed by Indians Central Bank of India

Bank of India was founded in 1906 in Mumbai. It became the first Indian bank to open a branch outside India in London in 1946 and the first to open a branch in continental Europe at Paris in 1974.
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