Capital: New Delhi

Population: 1,000,848,550 (July 1999 est.)

Age structure:
0-14 years: 34% (male 175,463,726; female 165,722,164)
15-64 years: 61% (male 318,004,920; female 295,245,556)
65 years and over: 5% (male 23,571,270; female 22,840,914) (1999 est.)

Economy—overview: India's economy encompasses traditional village farming, modern agriculture, handicrafts, a wide range of modern industries, and a multitude of support services. 67% of India's labor force work in agriculture, which contributes 25% of the country's GDP. Production, trade, and investment reforms since 1991 have provided new opportunities for Indian businesspersons and an estimated 300 million middle class consumers. New Delhi has avoided debt rescheduling, attracted foreign investment, and revived confidence in India's economic prospects since 1991. Many of the country's fundamentals—including savings rates (26% of GDP) and reserves (now about $30 billion)—are healthy. Even so, the Indian Government needs to restore the early momentum of reform, especially by continuing reductions in the extensive remaining government regulations. India's exports, currency, and foreign institutional investment were affected by the East Asian crisis in late 1997 and 1998; but capital account controls, a low ratio of short-term debt to reserves, and enhanced supervision of the financial sector helped insulate it from near term balance-of-payments problems. Exports fell 5% in 1998 mainly because of the fall in Asian currencies relative to the rupee. Energy, telecommunications, and transportation bottlenecks continue to constrain growth. A series of weak coalition governments have lacked the political strength to push reforms forward to address these and other problems. Indian think tanks project GDP growth of about 4.5% in 1999. Inflation will remain a worrisome problem.

GDP: purchasing power parity—$1.689 trillion (1998 est.)

GDP—real growth rate: 5.4% (1998 est.)

GDP—per capita: purchasing power parity—$1,720 (1998 est.)

Inflation rate (consumer prices): 14% (1998 est.)

Industrial production growth rate: 5.5% (1997)

Telephones: 12 million (1996)

Telephone system: mediocre; local and long distance service provided throughout all regions of the country, with services primarily concentrated in the urban areas; major objective is to continue to expand and modernize long-distance network in order to keep pace with rapidly growing number of local subscriber lines; steady improvement is taking place with the recent admission of private and private-public investors, but demand for communication services is also growing rapidly
domestic: local service is provided by microwave radio relay and coaxial cable, with open wire and obsolete electromechanical and manual switchboard systems still in use in rural areas; starting in the 1980s, a substantial amount of digital switch gear has been introduced for local- and long-distance service; long-distance traffic is carried mostly by coaxial cable and low-capacity microwave radio relay; since 1985, however, significant trunk capacity has been added in the form of fiber-optic cable and a domestic satellite system with 254 earth stations; cellular telephone service in four metropolitan cities
international: satellite earth stations—8 Intelsat (Indian Ocean) and 1 Inmarsat (Indian Ocean Region); four gateway exchanges operating from Mumbai, New Delhi, Calcutta, and Chennai; submarine cables to Malaysia, UAE, Singapore, and Japan

Radio broadcast stations: AM 153, FM 91, shortwave 62 (1998 est.)

Radios: 111 million (1998 est.)

Television broadcast stations: 562 (82 stations have 1 kW or greater power and 480 stations have less than 1 kW of power) (1997)

Televisions: 50 million (1999 est.)