India Overview

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
Capital New Delhi
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

Political framework

  • India is the world’s largest democracy
  • Primacy of rule of law
  • Free and vocal media.

Judicial framework

  • 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.
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