10 Fascinating Facts about Indian Economy

Adding to it, recently The World Bank forecasted a 6.7 per cent growth rate for India by next fiscal as exports and private investment are projected to strengthen and provide a boost to growth.

Fact2# 19th-Largest Exporter

India is the 19th largest exporter with a share of 1.7 per cent in the worldwide merchandise trade. On the other hand, the country is the 12th largest importer with a share of 2.5 per cent in 2011.

"As per WTO's International Statistics, 2012, in merchandise trade, India is 19th largest exporter in the world with a share of 1.7 per cent and 12th largest importer with a share of 2.5 per cent in 2011," minister of state for finance Namo Narain Meena said in a written reply to the Lok Sabha.

In commercial services, the country is the eighth largest exporter in the world with a share of 3.3 per cent and the seventh largest importer with a share of 3.1 per cent, the minister said.

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