India Facts And Figures

Facts About India

Population 1,251,695,584 (July 2015 est.)
Gross Domestic  Product (GDP) $7.965 trillion (2015 est.)
GDP Per Capita $6,200 (2015 est.)
Inflation Rate 12% (2010 est.)
Currency Indian rupees (INR)
Exchange Rate 67.92 Indian rupees (INR) per 1 US dollar  (June 2016)
Language Hindi 41%, Bengali 8.1%, Telugu 7.2%, Marathi 7%, Tamil 5.9%, Urdu 5%, Gujarati 4.5%, Kannada 3.7%, Malayalam 3.2%, Oriya 3.2%, Punjabi 2.8%, Assamese 1.3%, Maithili 1.2%, other 5.9%
Capital New Delhi
Population of Capital City 25,703,000 (2015)
Time Zone UTC +5:30
Seasons varies from tropical monsoon in south to temperate in north
International Dialing Code 91
Electricity 230V, 50 Hz
System of Government federal parliamentary republic
Name and Party Affiliation of Current Leader President Pranab Mukherjee (Since July 2012)
Income Tax Rate for Residents Normally taxed on worldwide income, rates are progressive up to 30% plus the applicable cess.
Property Tax No
Capital Gains Tax 10%-20%; depends on wheter he gains are long term or short term.
Inheritance Tax No
Rental Income Tax 20%
Transfer Tax Yes, to financial instruments and transactions with rates varying significantly by state
Sales Tax 12.50%
Restrictions on Foreign Ownership of Property Will be permitted by Reserve Bank, on application, to acquire immovable property in India if the property to be purchased is for residential use only.
Local Chamber of Commerce http://www.indianchamber.org/
American Chamber of Commerce http://www.amchamindia.com/
Primary Exports petroleum products, precious stones, machinery, iron and steel, chemicals, vehicles, apparel
Residency and Visa Requirements All foreign nationals who wish to come to India must have their own country’s valid passport and an Indian visa.
Special Benefits for  Foreign Residents or Retirees no
National Airline http://www.airindia.in