India is the world’s largest democracy and the second fastest growing economy. The past decade has seen fundamental and positive changes in the Indian economy, government policies and outlook of business and industry.
|Total Area||3.29 million square kilometers|
|Population||Over 1 billion|
|Political System and Government||The Indian Constitution provides for a parliamentary democracy with a bicameral parliament and three|
|Head of State||President|
|Head of Government||Prime Minister|
|Territories||There are 28 states and 7 Union territories|
|Languages Spoken||Multilingual society with Hindi as its national language. English is the preferred business language|
|Literacy rate||65.4 percent|
|Time zone||GMT + 5 1/2 hours|
|Currency Unit||Indian Rupee (INR/Rs.)|
|Principal Markets for Exports||US, UAE, Hong Kong, UK, China, Singapore, Belgium, Japan, Italy, Bangladesh, Sri Lanka, France, Netherlands, Indonesia, Saudi Arabia, Germany, Spain, Malaysia|
|Principal Markets for Imports||US, China, Belgium, Switzerland, UK, Germany, Spain, Austrailia, Korea, Indonesia, UAE, Malaysia, Singapore, South Africa,
Hong Kong, Italy, France, Russia, Saudi Arabia, Sweden
Country’s Fact File
- India is the world’s largest democracy
- Primacy of rule of law
- Free and vocal media.
- Independent judiciary.
- Supreme Court, the apex judicial authority, is vested with powers to enforce fundamental rights and act as a guardian of the Constitution.
- High Courts in every state and lower courts at the town level.
- Alternative dispute resolution mechanisms to assist in the resolution of pending cases through either arbitration or conciliation.